U.S. natural gas futures climbed more than 3% on Monday, lifted by seasonal demand and as record amounts of gas flowed to liquefied natural gas (LNG) export plants. Front-month gas futures for January delivery on the New York Mercantile Exchange (NYMEX) were up 7.9 cents, or 3.2%, at $2.57 per million British thermal units (mmBtu) …
U.S. Natgas Prices Gain Over 3% on Higher Demand, Strong LNG Exports Read More »
HOUSTON, Dec 18 (Reuters) – Oil is flooding out of Texas in the final weeks of 2023, as traders find outlets abroad for record U.S. production and dodge a hefty year-end tax bill on their inventories. U.S. crude exports, nearly all of which leave from the U.S. Gulf coast, averaged about 4 million barrels per day (bpd) so far …
Record Output, Tax Dodge Pushes up Crude Exports From U.S. Gulf Coast Read More »
Goldman Sachs trimmed its price expectation for Brent crude in 2024 by $10 per barrel to between $70 and $90, saying strong production from the United States would moderate any upside in oil prices. “We still look for range-bound prices and only moderate price volatility in 2024. Elevated spare capacity to handle tightening shocks should …
Goldman Cuts 2024 Brent Price Forecast on Strong U.S. Supply Read More »
Cat gas compression engines – particularly the 3500 and 3600 series – are renowned for their reliability and robust performance, but over time, even the best built engines and components suffer wear and tear. This wear can reduce power output, hamper efficiency and lead to breakdowns in the field that cost you time and money. …
See How a Cat® Engine Rebuild is More Cost-Effective Than Buying New Read More »
(Reuters) – It is important to reduce carbon emissions to preserve the planet, but oil and natural gas should not be demonized in the medium-term, Elon Musk, the founder of electric car maker Tesla , said on Saturday. Earlier this week representatives from nearly 200 countries agreed at the COP28 climate summit to begin reducing global consumption …
Summary Drop in New York manufacturing orders starts sell-off NY Fed President’s comments also shake market IEA says global crude demand to grow in 2024 (Reuters) – Brent and U.S. crude futures finished at a small loss following a see-saw session, in which prices fell more than $1 a barrel at one point on Friday, …
Many fossil fuel advocates thought it would be clever to agree to COP 28’s “net zero by 2050” goal and then challenge a few of its implementation details. They were wrong. By Alex Epstein I am happy and proud to say that since a decade ago, when there was very little morally confident fossil fuel …
U.S. natural gas futures climbed about 4% to a one-week high on Friday on forecasts for higher demand next week than previously expected and as record amounts of gas flow to liquefied natural gas (LNG) export plants. That price increase came despite record gas production and forecasts for mild weather and lower heating demand in …
U.S. Natgas Prices Climb 4% to One-Week High with Rising Demand Read More »
(Reuters) – Freeport LNG, which operates the second-largest U.S. liquefied natural gas export plant in Texas, agreed with the U.S. Environmental Protection Agency to settle safety violations related to a June 2022 blast that caused some $275 million in damage to the facility. The consent agreement dated Monday, made public by Freeport LNG in a …
Freeport LNG Settles with US EPA Over Safety Failures for June 2022 Texas Blast Read More »
The worldwide shortage of diesel and other distillate fuel oils has started to ease as stocks accumulate in response to exceptionally high refining margins and the slowdown in manufacturing and construction activity: EU inventories of diesel oil and gas oil increased to 49.5 million tonnes at the end of August 2023 from 44.9 million a …
Global Diesel Shortage Eases after Summer Surge in Prices Read More »
