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The efforts of Asian and European countries to address climate change and transition their economies toward cleaner energy sources will reshape two key demand centers for US LNG exports. Asia provides US LNG with plenty of room to grow market share, but the opportunities hinge on the US remaining a low-cost supplier. In Europe, US ...
The US natural gas industry is facing new urgency to keep its exported LNG cargoes attractive to consumer nations aspiring to meet net-zero carbon targets by 2050. As the global energy transition unfolds, US LNG will influence and be influenced by the international landscape for natural gas. The election of President Joe Biden has focused ...
US refining margins were mixed for the week ended June 4 as crude prices rose on stock draws and as increased refinery runs added to product stocks, an S&P Global Platts analysis showed June 8. The broad trend across the country showed a softening in cracking margins as gasoline demand slipped and stocks grew while ...
Oman LNG has signed an agreement with Shell to deliver the sultanate’s first carbon-neutral LNG cargo, the company announced in a series of Tweets June 8. The shipment will be made from Oman LNG’s export facility in Qalhat, Sur. “The cargo is the first carbon-neutral LNG from the Middle East using nature-based carbon credits to ...
US soybean planting at its homestretch, crop quality good: USDA US soybean farmers have quickened the pace of planting from last year and the five-year average amid favorable conditions in the Midwest, according to the US Department of Agriculture’s crop progress report, with crop quality assessed as good overall. A faster than average soybean planting, coupled with expectations of good crop quality, are likely to support the yield and overall production forecast of nearly 120 million mt for the 2021-22 marketing year (September-August), up 7% on the year. The farmers have planted 90% of th...