The United States became the world’s largest exporter of liquefied natural gas in December as deliveries of the superchilled fuel to energy-starved Europe surged. According to Bloomberg calculations, the U.S. dethroned Qatar as the top LNG exporter in the world after a substantial jump in LNG production from Cheniere Energy’s …
Read More »U.S. Claims Title of World’s Largest LNG Exporter
The U.S. became the world’s No. 1 exporter of liquefied natural gas for the first time ever last month, as deliveries surged to energy-starved Europe. Output from American facilities edged above Qatar in December after a jump in exports from the Sabine Pass and Freeport facilities, according to ship-tracking data …
Read More »U.S. LNG Exports Top Rivals for First Time on Shale Revolution
The U.S. was the world’s biggest exporter of liquefied natural gas last month for the first time ever, as projects ramped up production and deliveries surged to energy-starved Europe. Output from American facilities edged above Qatar in December due largely to a jump in exports from the Sabine Pass and …
Read More »U.S. Natural Gas Faces High Volatility in 2022
U.S. natural gas is in for another wild year as the insularity that once shielded North American energy consumers from overseas turmoil disintegrates. Benchmark American gas futures climbed almost 45% in 2021 for the strongest annual performance in half a decade after a deadly freeze that crippled output was followed …
Read More »Iraq’ Oil Exports to the United States Dropped in the Past Week
The Energy Information Administration (EIA) Data showed, on Saturday, that Iraq exported 268 million bpd of oil to the United States in the past week. EIA stated in a report, “U.S. imports oil 6.170 million bpd in the past week.” The top three source countries of U.S. import oil are …
Read More »U.S. Loans SPR Crude to ExxonMobil
The U.S. Department of Energy approved on Thursday a third exchange of two million barrels of crude oil for release to ExxonMobil from the Strategic Petroleum Reserve (SPR) as part of the Biden Administration’s efforts to boost fuel availability and lower gasoline prices. So far, the U.S. DOE, as authorized …
Read More »European NatGas down as USA LNG Cargoes Head to Region
European gas prices slumped for a sixth day, the longest losing streak in more than a year, as cargoes of the liquefied fuel head to the continent just as industrial shutdowns and warm weather curb demand. Futures fell as much as 9.7% on Wednesday as a flotilla of U.S. LNG …
Read More »US Oil may Rise into $74.98-$76.59 Range
US oil may retest a resistance at $73.99 per barrel, a break above which could lead to a gain into $74.98-$76.59 range. The contract is riding on a fierce wave (c), which has briefly travelled above the peak of the wave (a) around $72.87. It is expected to extend into …
Read More »EIA: U.S. Upscale Crude Imports from Iraq
Despite its decreased appetite, U.S. imports of crude oil from Iraq jumped to 359 thousand barrels per day (bpd) last week, the Energy Information Administration (EIA) said this weekend. In its weekly report on U.S. oil imports, EIA said that the U.S. imports averaged 5.234 million bpd this week, down …
Read More »New leader in LNG Exports about to Emerge
The US is set to boost its liquefied natural gas (LNG) capacity, once two new liquefaction units become operational late next year. This would enable the country to overtake Australia and Qatar as the world’s top LNG exporter. The US Energy Information Administration expects the country’s LNG export capacity to …
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