Page 5 - Platts Analytics News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Second-quarter production gains from the Haynesville, Appalachia, the Permian and the SCOOP-STACK have led US natural gas output higher by nearly 2 Bcf/d recently, helping to ease supply tightness in the US gas market. Based on recent producer guidance, though, further production gains anticipated over the balance of 2022 are unlikely to offer end-users an ...

According to S&P Global's Platts Analytics service, U.S. natural gas production in June increased slightly to an average 94.5 Bcf/d (billion cubic feet per day), up nearly 1.9 Bcf/d (roughly 2%) compared with a first-quarter average at 92.6 Bcf/d. The increase was led by more output in the Haynesville which has grown by 600 MMcf/d

Two prominent oil industry groups in a June 16 letter addressed to President Joe Biden outlined the realities faced by US refiners in response to his June 14 letter requesting they meet with the Department of Energy to find a way to increase gasoline and diesel output to bring down the price of gasoline and ...

London-based Ineos is continuing its overhaul of the UK’s largest crude supply route, the Forties pipeline, aiming to support North Sea operators in investing in production into the 2040s while upgrading the linked Grangemouth petrochemical facility, the company’s UK head Andrew Gardner said in an interview. Ineos, which is majority-owned by businessman Jim Ratcliffe, is ...

Asia is breathing a sigh of relief amid growing expectations that the move by the OPEC-led alliance to boost supplies as well as sustained releases from the US strategic reserves will finally help to clear the uncertainty over cargo availability and rectify the mismatch between global demand and supply. With China’s demand recovering after lockdowns ...