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US LNG feedgas demand registered Dec. 21 at around 13 Bcf/d – a new record — as the six major US liquefaction facilities in operation appeared to be running at full capacity and a seventh was undergoing commissioning, S&P Global Platts Analytics data showed. Ultra-high delivered prices in end-user markets were incentivizing robust US export ...
Russian oil output is expected to rise in 2022, although factors including the coronavirus pandemic and the release of strategic petroleum reserves, could lead OPEC+ to amend its production plans, according to analysts. Analysts expect the OPEC+ agreement to continue to be the key driver of Russian output volumes, with potential changes to Western economic ...
An affiliate of China’s largest LNG importer, CNOOC, has agreed to buy 3.5 million mt/year of supplies from US liquefaction terminal developer Venture Global LNG, the two companies said Dec. 20. Under one 20-year deal, CNOOC Gas & Power Group will take 2 million mt/year of LNG on a free-on-board basis from Venture Global’s proposed ...
For Australian coal, which has faced restrictions in the Chinese market since late 2020, new windows of opportunities have opened up. Many other Asian markets – such as India, Japan, South Korea and Taiwan – have witnessed sharp rises in Australian coal inflows. China imposed the unofficial ban on Australian coal in November 2020 after ...
Indian steel prices will soften by 10 to 15 per cent next year as domestic and international steel spreads narrow.