U.S. LNG exports surged as international natural gas and LNG spot prices increased in Asia and Europe due to cold weather, according to IEA.
Projected peaks in power usage over the next week would be the highest so far in 2021 and, if correct, next week’s forecast would top the Texas grid’s all-time high of 74,820 MW in August 2019.
Back on trend? Stratas Advisors is projecting that demand will continue to outstrip supply throughout the rest of the year in its latest oil price forecast.
Three units will produce fundamental chemicals used in medical, automotive and packaging products.
U.S. natural gas futures rose to a fresh 31-month high on July 23 on forecasts for hotter weather and higher air conditioning demand over the next two weeks than previously expected.
In the short term, higher gas prices will encourage power generators to run gas-fired turbines for fewer hours over the next few months, running coal-fired units instead, to reduce gas combustion.
Chinese refiners are the biggest importers of Iranian oil. That U.S. officials are hinting at a possible crackdown may be a veiled threat that Washington has ways to exact a price from Tehran, says analyst.
NextEra Energy has recently seen its investor base rise, as countries and corporations move further away from fossil fuels, and last year had briefly pipped Exxon Mobil Corp. as the largest U.S. energy firm by market value.
Barracuda is Shell’s first greenfield project in Trinidad and Tobago and one of its largest in the country since its BG Group acquisition.
The crude oil build in the U.S. was “obviously” a surprise driven by a surge in imports and a plunge in exports, says analyst John Kilduff.