The 2023-24 winter was the warmest on record. The average temperature of 37.6 degrees F was 5.4 degrees warmer than average. With 7.71 inches ofprecipitation, the winter came in 0.92 inches above normal and the third-wettest. WARM WINTER WEATHER LEADS TO CHAOS IN ENERGY TRADING AS DEMAND CRA...
Oil and Energy Trends: A Monthly Publication of International Energy Statistics and AnalysisThe Global Liquefied Natural Gas Market: Status & Out- look, U.S. Department of Energy / Energy Information Administration, Dec. 2003U.S. DOE. The Global Liquefied Natural Gas Market: Status & Outlook; ...
Winter risk appears to be spilling over to summer 2024 futures prices. While Europe needs to have attractive netbacks for high LNG inflows to refill its storage, a lack of drivers for high spot demand in North Asia over summer 2024 may limit competition for cargoes and put downward pressure ...
Natural-gas prices posted a gain of 22% in October to erase around half of their year-to-date decline, with traders assessing the fuel’s demand outlook as the market heads into the winter heating season. On Tuesday, the front-month December natural-gas futur...
The 2023-2024 U.S. winter outlook calls for warmer-than-average temperatures across much of the Northern U.S., and meteorologists don't see clear chances of unusually cold temperatures elsewhere.
The group's EBITDA also jumped by 46.5% YOY for 1H2024, reaching US$12.7 million. Industry Outlook According to the International Energy Forum (IEF) and S&P Global, oil demand is expected to reach nearly 110 million barrels per day (mb/d) by 2030 before gradually declining to approximately...
How cold or warm this winter is could shift LNG trade flows and impact regional gas price benchmarks for seasons ahead. BNEF’s analysis of 30 different weather scenarios indicates that usually deviations in winter gas demand for North Asia (Japan, South Korea, China) and Northwest Europe and...
The North American Electric Reliability Corp. (NERC) warned this week that more than half the U.S. is at an elevated risk of blackouts this winter due to a combination of increased demand, regional power generation shortfalls and potential fuel delivery challenges in the even...
HOUSTON (ICIS)--US base oil spot availability has run dry as the critical window of peak hurricane activity nears in what is expected to be a historic season, but even weaker domestic demand than 2023's 40-year low sets up a potentially longer Q4 2024/Q1 2025 than market participants obse...
In winter, the demand for coal for power generation and heating and for residents' heating is growing rapidly. China Railway Nanning Bureau Group Co., Ltd. and local enterprises have established a "road enterprise" two-way mutual protection mechanism, promoted the transformation of electric coal ...