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The arrival of frigid weather across the US Northeast is fueling a rebound in New England’s forward gas market recently as stronger heating demand drives an uptick in the pace of LNG imports to the region. Over the past week, population-weighted temperatures in the Northeast have dipped to their coldest yet this winter at an ...
China’s combined exports of gasoline, gasoil and jet fuel in 2021 fell by 11.9% year on year to 40.31 million mt, data from the General Administration of Customs showed on Jan. 18, setting the stage for further cuts in 2022 as the country’s tight quota allocation targets loom. The country’s oil product exports have shown ...
S&P Global Platts Analytics expects the Middle East to struggle to reach net-zero targets as emissions from oil & gas are expected to rise.
European margins rose as increased natural gas supply tamped down the region’s record-high prices, reducing the cost for many of the plants dependent on the fuel to operate, boosting margins and increasing exports of refined products from the region, an analysis by S&P Global Platts showed Jan. 18. About 80% of all European refineries depend ...
Scarce slot availability in Europe and tepid demand in Asia pushed down US Gulf Coast FOB daily export cargo values for the fourth straight week Jan. 11-18. The drop was tempered by a further decline in shipping rates, which was supportive of netbacks. Traders said volatility in delivered prices was making it difficult to determine ...