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Westbound flows from the Permian Basin on El Paso Natural Gas are up sharply over the past several days, signaling a potential easing of capacity restrictions linked to ongoing repair work on its Line 2000. On Nov. 3, transmissions on El Paso’s westbound mainline climbed to an estimated 2.28 Bcf/d, hitting the highest level since ...
Spot gas prices in the US Northeast could hit their highest since last winter this week as sharply colder weather entered the region Nov. 2, accompanied by a chilly forecast for the remainder of the week. In early trading, cash prices at New York metro-area hubs, Texas Eastern M3 and Transco Zone 6 NY, were ...
Brazil was No. 1 buyer of US LNG for the third month in a row in October amid severe drought that has drained its hydroelectric resources, while Spain was a close second as pipeline gas supplies faced constraints, S&P Global Platts Analytics data showed. The shifting trade flows came as prices in traditional end-user markets ...
High freight rates and strong distillate demand have European refiners cutting back on US crudes, opting instead for local crudes like Forties or Russian Urals as they return from seasonal turnarounds, an analysis from S&P Global Platts showed Nov. 1. An added incentive to running heavier, more sour crudes is the higher distillate cracks produced ...
The dry bulk market has entered a new reality of late, with rates retreating across the board, as evidenced by the Platts Dry Bulk weighted average indexes pictured. “With China slowing down on purchases of coal and iron ore as well as other minor bulks such as nickel ore, dry bulk freight rates have started ...