Stuck in Reverse? Gas Prices Slide Lower
Lackluster demand for gas and lower oil prices led to pump prices falling again, down 17 cents since last week to $4.35. The steady decline is due to low domestic Continue Reading
Can The U.S. LNG Industry Live Up To Expectations?
Natural gas exports from the United States have soared since Russia invaded Ukraine and Europe began to look for natural gas elsewhere. While the U.S. has now become the largest Continue Reading
American Refiners’ Record Profits Won’t Last
Summer demand for gasoline in the United States has declined over the past two weeks. After nearing $60 per barrel in June, the U.S. 321 gasoline crack spread fell last Continue Reading
USA EIA Lowers Oil Price Forecasts
The U.S. Energy Information Administration lowered its Brent crude oil price forecasts. The U.S. Energy Information Administration (EIA) lowered its Brent crude oil price forecasts for 2022 and 2023 in Continue Reading
Analysis: U.S. LNG exports to Europe on track to surpass Biden promise
When U.S. President Joe Biden promised European leaders in March that he would help secure new supplies of liquefied natural gas to offset shortages from Russia’s invasion of Ukraine, his Continue Reading
Energy Spat Between Mexico And The U.S. Escalates
Mexico hopes the talks initiated by the U.S. under the United States-Mexico-Canada Agreement (USMCA) about Mexico’s prioritization of state energy firms over private U.S. companies would reach a “mutually satisfactory Continue Reading
Mexico sending record high fuel oil to the US as refinery runs rise
Highlights Mexico averaging 5.28 million barrels monthly of fuel oil exports to US Increase picks up pace after Russian invasion of Ukraine Competition seen from Brazil, UAE, Iraq, Turkey, others Continue Reading
New England winter natural gas prices top $40 as global LNG market tightens
Prices surge at Algonquin city-gates, Iroquois Zone 2 TTF trades near $50 on strong European demand New England imports 17.8 Bcf of LNG, winter 21-22 Winter gas prices in New Continue Reading
Freeport LNG plant pulls in natgas to produce power for Texas
Freeport LNG said on Thursday it was pulling in small amounts of pipeline natural gas at its shuttered liquefied natural gas (LNG) export plant in Texas to fuel a power Continue Reading
U.S. carriers’ cost struggle overshadows travel demand surge
U.S. carriers are struggling to offset higher costs even as booming travel demand has given them strong pricing power, raising questions about their ability to shield profit once consumer demand Continue Reading