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Petrochemicals
US Crude Stockpiles Slide as Refining Ramps Up Ahead of Summer: EIA
Refining activity picked up in the most recent week, in response to tight product inventories and near-record exports that have forced diesel and gasoline prices to record levels in the U.S.
May 18, 2022
Natural Gas
EU Unveils 210 Billion Euro Plan to Ditch Russian Fossil Fuels
Russia's invasion of Ukraine has prompted the European Union to rethink its energy policies amid sharpened concerns of supply shocks.
May 18, 2022
Crude Oil
Oil Prices Rise on China Demand Recovery Expectations, Supply Concerns
With COVID-19 restrictions easing in China, oil prices are rising in anticipation of growing supply and demand concerns.
May 18, 2022
Private Equity
Billionaire John Arnold Backing Energy-focused Credit Fund: Sources
John Arnold, a former Enron trader and hedge fund honcho known as the “king of natural gas,” is backing Energy Opportunities Capital (EOC) Partners LLC through his family office.
May 17, 2022
Natural Gas
DUG Permian Extra: Aggreko’s Business Model for Cryptomining
In this exclusive video interview, Mike Mayers, business development manager at Aggreko, discusses using spare gas for cryptomining to monetize operators’ solution gas.
May 17, 2022
Natural Gas
Gulf Coast Express Pipeline Announces Open Season for Expansion Project
The project is aimed at increasing natural gas deliveries to the South Texas markets.
May 17, 2022
Liquefied Natural Gas (LNG)
US Natgas Futures Gain on Strong LNG Exports, Texas Heat Wave
Traders noted U.S. natural gas prices were up despite a 7% drop in European prices and forecasts for milder weather and lower U.S. demand over the next two weeks than previously expected.
May 17, 2022
Liquefied Natural Gas (LNG)
Poland’s PGNiG Secures LNG Supply from US Firm Sempra
PGNiG’s LNG supply portfolio with U.S. partners currently stands at 7 million tons or 9 Bcm after regasification. A contract with Sempra would boost that by more than 40%.
May 16, 2022
Liquefied Natural Gas (LNG)
Surging Natural Gas Prices Squeeze US Industrial Sector
Right now, U.S. natural gas futures would have to reach $20 per MMBtu to cool demand for U.S. LNG, said analyst Paul Sankey of Sankey Research.
May 16, 2022
Crude Oil
US Emergency Oil Reserve Drops to Lowest Level Since 1987
Crude oil stockpiles in the U.S. Strategic Petroleum Reserve fell to 538 million barrels, the lowest since 1987, data from the U.S. Department of Energy showed.
May 16, 2022