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U.S. natural gas futures plunged about 10% on Monday in light trade ahead of contract expiration on an extended outage at the Freeport LNG export plant in Texas and forecasts for warmer-than-normal weather to continue through at least mid-February. Analysts noted the Freeport outage would leave more gas in the U.S. at the same time …
U.S. Natgas Prices Drop 10% on Contract Expiry, Freeport LNG Unit Outage Read More »
Dutch and British wholesale gas prices registered gains on Monday morning on concern over U.S. liquefied natural gas (LNG) supplies, though healthy storage levels continue to limit gains. The benchmark front-month contract at the Dutch TTF hub was up 0.47 euros at 28.55 euros per megawatt hour (MWh) by 0915 GMT, LSEG data showed. Gas …
There’s little to dissuade the administration from replicating its strategy of postponement in an election year. Welcome to Energy Daily, our guide to the energy and commodities powering the economy. Today, Senior Reporter Jennifer A. Dlouhy assesses whether US President Joe Biden’s tactic for freezing new LNG export permits may be used to delay other …
Biden’s LNG Pause Might Be a Model for Other Energy Dilemmas Read More »
Energy Department on Friday halted approvals of new plants US will study effect of exports on climate change, economy Business organizations from the US, Europe and Japan called on the Biden administration to reverse a decision to freeze approvals of new licenses for liquefied natural gas export facilities. “With numerous forecasts projecting global natural gas demand to …
Park the Politics: Biden Urged to Reverse LNG Pause by Global Business Groups Read More »
Golden State drivers paid highest gas premium in last quarter Refinery renewable fuel conversions reduce overall supply Chevron Corp. warns its home state of California’s climate policies are a “dangerous game” that risk causing gasoline price spikes and shortages. The premium California drivers pay for gasoline over the national average is likely to rise significantly if …
Chevron Says California Plays a Risky Game With Climate and Gasoline Read More »
U.S. oil refiners are expected to have about 1.6 million barrels per day (bpd) of capacity offline for the week ending Feb. 2, decreasing available refining capacity by 322,000 bpd, research company IIR Energy said on Monday. Offline capacity is expected to fall to 1.5 million bpd in the week ending Feb. 9, IIR added. …
U.S. Oil Refiners’ Weekly Capacity Seen Down 322,000 Bpd – IIR Read More »
U.S. crude oil inventories have begun to deplete, especially around the NYMEX futures delivery point at Cushing in Oklahoma and across the Midwest, creating conditions for a squeeze on nearby futures prices. Front-month futures prices and calendar spreads have already risen consistently since the middle of December as traders react to signs the market is …
Commentary: U.S. Oil Futures Primed for Another Squeeze on Cushing: Kemp Read More »
U.S. President Joe Biden paused pending approvals of exports from new liquefied natural gas projects, a move cheered by climate activists that could delay decisions on new plants until after the Nov. 5 election. TD Cowen says it sees the timing as “suspicious” and don’t expect finalized policy reform before election. “We believe the global …
Impact of U.S. Pause on New LNG Project Approval Could Take Years to Manifest – TD Cowen Read More »
U.S. President Joe Biden’s administration on Friday announced a pause on pending and future permits to export liquefied natural gas (LNG) to non-Free Trade Agreement countries until the Department of Energy finishes a new review of climate impacts. Many companies have been waiting for the U.S. to green light licenses to export LNG to their …
Companies Most Affected by U.S. Pause on LNG Export Permits Read More »
U.S. natural gas futures jumped about 6% to a one-week high in volatile trade on Friday ahead of contract expiration on forecasts for higher demand in two weeks when the weather turns slightly cooler and with the slow return of output from last week’s Arctic freeze. Traders noted prices fell by over 5% earlier in …
U.S. Natgas Prices Jump 6% Ahead of Contract Expiry, Slow Output Return Read More »
