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EnergyNews

forecasts
EnergyNews

U.S. natgas slides 2% to 25-month low on forecasts for less heating demand

February 18, 2023 Mariel Alumit

U.S. natural gas futures slid about 2% to a fresh 25-month low on Friday on forecasts for less cold weather and lower heating demand next week than previously expected. That mild weather should allow utilities […]

Crude Oil News

U.S. crude oil exports to be in demand this year as trade flows reshuffle

February 18, 2023 Mariel Alumit

U.S. crude oil exports that have been boosted by a trade flow reshuffle in the aftermath of Russia’s invasion of Ukraine will remain elevated this year as Europe and Asia search for supplies, company officials […]

EnergyNews

U.S. LNG producers Poised to Leapfrog Rivals with Three New Projects

February 18, 2023 Mariel Alumit

​NEW YORK, Feb 16 (Reuters) – At least three proposed U.S. liquefied natural gas (LNG) export plants have likely found enough customers to receive financial approvals this year, according to Reuters calculations, developments that would […]

Downstream

Column: U.S. jet fuel shortage drives airline costs higher

February 18, 2023 Mariel Alumit

​A business jet is refueled using Jet A fuel at the Henderson Executive Airport during the National Business Aviation Association (NBAA) exhibition in Las Vegas, Nevada, U.S. October 21, 2019. REUTERS/David Becker LONDON, Feb 16 […]

Crude Oil News

Oil Unlikely to Break Above $100/bbl This Year

February 18, 2023 Mariel Alumit

​Feb 17 (Reuters) – Brent oil prices are unlikely to breach the $100 a barrel level this year, barring any significant geopolitical drivers, with OPEC+ potentially adding supply and Russian flows recovering by mid-2023, J.P.Morgan […]

China
EnergyNews

China solar power capacity could post record growth in 2023

February 17, 2023 Mariel Alumit

Solar panels are seen at a solar power plant in Pingdingshan, Henan province, China June 7, 2018. Picture taken June 7, 2018. REUTERS/Stringer/File Photo SINGAPORE, Feb 16 (Reuters) – China is expected to add 95 […]

OPEC
Crude Oil News

OPEC Raises 2023 Oil Demand Growth View, Points to Tighter Market

February 17, 2023 Mariel Alumit

Summary Rise in global demand growth forecast is OPEC’s first in months Sees higher Chinese demand growth, ups global econ growth view Raises forecast of 2023 Russian output drop by 50,000 bpd Says Fed most […]

US
Biofuels

Midwest US Ethanol Push Seen Lifting Gasoline Costs by up to 12 Cents a Gallon

February 17, 2023 Mariel Alumit

Motorists in the Midwest US could expect to pay more for gasoline under a fuel policy shift demanded by governors in the region, with a new refining industry-commissioned analysis outlining larger-than-expected impacts of the change.The study, […]

Oil
Crude Oil News

Oil Swings Within Narrow Band as China Demand Starts to Recover

February 17, 2023 Mariel Alumit

Oil fluctuated, remaining within a recent narrow range, as investors assessed more evidence of higher energy demand in China and a large build in US crude stockpiles. West Texas Intermediate turned higher after earlier shedding […]

LNG
EnergyNews

U.S. natgas rises 3% as gas flows to LNG plants hit 8-month high

February 17, 2023 Mariel Alumit

U.S. natural gas futures rose about 3% on Thursday as the amount of gas flowing to liquefied natural gas (LNG) export plants rose to a fresh eight-month high, with Freeport LNG’s plant in Texas receiving […]

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