U.S. LNG Exports Heading For An All-Time High
1. Indian Oil Demand Is Firing on All Cylinders Brushing aside Omicron concerns, Indian downstream players have been ramping up refinery runs and are close to running at 100% (with Continue Reading
US feedgas demand hits new high amid soaring LNG prices in end-user markets
US LNG feedgas demand hit a new record high at 12.55 Bcf/d on Dec. 17, based on morning nominations, as the export value of Gulf Coast FOB cargoes surged amid Continue Reading
Cheap Shale Gas Boosts Refining Profits for U.S. Sour Crudes
Processing the high-sulfur crudes produced in the Gulf of Mexico hasn’t been this profitable since 2017, thanks largely to cheap shale gas. While Europe and Asia grapple with surging prices Continue Reading
Half Of U.S. Oil Pipelines Sit Empty
Prior to the pandemic, the utilization rate of U.S. oil pipelines stood at 60 to 70 percent The midstream oil sector see intense competition as pipeline operators have to fight Continue Reading
Americans rush for vaccine boosters ahead of Omicron wave
Residents of America’s biggest cities are struggling to book vaccine appointments because of the rising wave of the Omicron coronavirus variant and a rush in demand for booster shots before Continue Reading
Surging U.S. Gasoline Demand Could Keep Pump Prices Elevated
Surging gasoline demand may limit the success of the Biden Administration’s efforts to nudge pump prices much lower. The four-week average of U.S. gasoline demand rose to 9.14 million barrels Continue Reading
New York City Considers Banning Gas From New Buildings
New York City authorities are set to decide today whether to ban natural gas connections for new buildings in a bid to reduce the city’s carbon footprint, the Associated Press Continue Reading
Explainer: Oil prices rise, with few U.S. government brakes available
Oil prices have soared to seven-year highs as the global economy has recovered, and driven the U.S. retail gasoline cost to $3.42 a gallon, the highest in seven years. The Continue Reading
Covid News: U.S. Deaths Surpass 800,000
Coronavirus deaths in the United States surpassed 800,000 on Wednesday, according to a New York Times database, as the pandemic neared the end of a second year and as known virus cases in Continue Reading
The White House Just Put The Oil Export Ban Rumor To Rest
A rumor has been circulating that the White House was considering an export ban on crude oil, but the administration has just shut it down. The Biden Administration is now Continue Reading