Gas Shortage Pushes Coal Prices To 10-Year High
Tight natural gas supply and a rebound in electricity consumption have combined to push thermal coal prices to the highest in a decade, the Wall Street Journal reports , adding Continue Reading
NYMEX Henry Hub prompt-month hits 30-month high as US supply balance tightens
Highlights NYMEX prompt-month settles June 25 at $3.50/MMBtu Storage deficit widens to 154 Bcf below five-year average Month-to-date power burn at record high for June The NYMEX Henry Hub prompt-month Continue Reading
Los Alamos and Oberon Fuels receive DOE funding to produce renewable hydrogen from renewable DME (rDME)
A public-private partnership between Los Alamos National Laboratory and Southern California-based Oberon Fuels has secured funding from the US Department of Energy (DOE) to scale-up steam reforming technology to produce Continue Reading
$70+ Oil Prompts Concerns in Oilfield Services
Here is a look back at oil and gas market hits and misses for the week ending June 25, 2021. (The views and opinions expressed in this article are those Continue Reading
USA Crude Hub Stocks Seen Falling to Historic Lows
Crude oil inventories in America’s largest storage hub could fall to historically low levels by the end of September as the demand rebound continues to outpace production. (Bloomberg) — Crude Continue Reading
19 U.S. Oil & Gas Pipelines Moving To Completion This Year
U.S. operators have completed, started building, or announced a total of 19 petroleum liquids pipeline projects so far this year, the Energy Information Administration (EIA) said on Friday. Two pipelines Continue Reading
U.S. refining capacity shrinks 4.5% as pandemic shuts plants
U.S. refining capacity last year fell 4.5% to 18.13 million barrels per day (bpd) from a record 18.98 million bpd a year earlier, the U.S. government reported on Friday, reflecting Continue Reading
Texas power grid overcomes problems to meet record June demand
Peak electricity demand in Texas broke June’s record on Thursday and was expected to do so again on Friday, the power grid operator said, but there was no repeat of Continue Reading
Thermal-Coal Prices Hit Decade High Amid Gas Shortage
Coal prices have climbed to their highest level in a decade, making the fuel a hot commodity in a year when governments are pledging reductions in carbon emissions. Thermal-coal pricesSource: Continue Reading
Record Heatwaves Are Scorching Eastern Europe and Siberia
Residents in eastern Europe and parts of Siberia unaccustomed to high temperatures are struggling to cope with heatwaves sweeping across the region. Kyiv, Belgrade and Budapest experienced record-high monthly temperatures Continue Reading