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EIA: US LNG exports grew to record highs in the first half of 2021

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US LNG exports increased in the first half of this year as international natural gas and LNG spot prices increased in Asia and Europe due to cold weather. Natural gas demand in the spring continued to rise amid low post-winter inventories, which contributed to unseasonably high natural gas prices. Bcf/d for a total peak capacity of 10.8

Trinidad 418
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RAND reports suggest US DoD use less petroleum fuel to deal with high prices, not count on alternatives

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Considering that the United States produces over 8 million barrels of oil per day domestically and imports an additional 3 million bpd from secure supplies in Canada and Mexico, we can find no credible scenario in which the military would be unable to access the 340,000 bpd of fuel it needs to defend the nation. Additionally, U.S.

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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

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Less petroleum demand and the associated lower petroleum product prices encouraged refinery closures, reducing global refining capacity, particularly in the United States, Europe, and Japan. The refinery’s return is likely to decrease petroleum product prices and increase supply, particularly in south and southeast Asian markets.

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Glencore to pay >$1.1B to resolve government’s investigation into bribery and commodity and price manipulation

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pled guilty in the District of Connecticut to a commodity price manipulation conspiracy. billion to resolve the government’s investigations into bribery and commodity and price manipulation. The Commodity Price Manipulation Case. In addition, as part of a separate resolution, Glencore Ltd., Together, Glencore and Glencore Ltd.,

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The 5 Countries That Could Push Oil Prices Up

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Oil prices appear to be stuck in the $50s per barrel, but that doesn’t mean there aren’t serious supply risks to the market. An unexpected disruption could occur at any moment, as has happened in the past, leading to a sudden and sharp jump in prices. The most near-term supply risk comes from Iraq. bank Citi said.

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Oil Prices Running Out Of Reasons To Rally

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Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in US shale production. The gains in the rig count come even as oil prices have held steady in the mid- to low-$50s per barrel. The OPEC deal is slated to take oil off the market, while US drilling is expected to add new supply.

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Saudis Expand Price War Downstream

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With Saudi Arabia's refined fuel contributing to the global supply glut, what will be its impact on the refining markets especially those in Asia? The gross refining margin is nothing but the difference between the value of the refined products and price of the crude oil. How will Saudi Arabia Capture Market Share Downstream?