supply/demand

As Covid-19 depressed petroleum demand, the value of the energy trade between the United States and Canada fell sharply from 2019 to 2020, according to the U.S. Energy Information Administration (EIA). Citing U.S. Census Bureau data, EIA said the value of domestic energy imports from Canada fell 31% in 2020 compared with the previous year.…

The Texas Railroad Commission (RRC) has adopted rules designating the “critical” natural gas suppliers and customers during energy emergencies in the wake of last February’s Winter Storm Uri. RRC Chairman Wayne Christian said the commission “adopted a ‘critical designation’ rule to ensure our natural gas supply is prepared for future energy emergencies…critical facilities including more…

Natural gas customers for one of the largest U.S. utilities are set to see bills increase by as much as $71/month this winter as a result of ballooning natural gas prices. CenterPoint Energy Inc. said its local subsidiaries in Arkansas, Indiana, Ohio and Oklahoma could see higher heating bills from November to March when compared…

Click here to listen to the latest episode of NGI’s Hub & Flow podcast for an overview of what’s moving LNG markets as colder weather settles in across the Northern Hemisphere.  NGI’s Senior LNG Editor Jamison Cocklin is joined by Jason Feer, global head of business intelligence at consultancy and shipbroker Poten & Partners, to…

Led by growth out of the Haynesville Shale, natural gas production from seven key U.S. onshore regions is set to climb from November to December, according to updated projections from the Energy Information Administration (EIA). Total natural gas production from the Anadarko, Appalachia and Permian basins, as well as from the Bakken, Eagle Ford, Haynesville…

Management for New Fortress Energy Inc. expects liquefied natural gas (LNG) demand to “materially” exceed supply through 2039, saying in the third quarter 2021 earnings report that underinvestment in fossil fuels has left the global market vulnerable. Investment in oil and gas projects, according to NFE, has dropped sharply in recent years, going from $800…

The California Public Utilities Commission (CPUC) on Thursday voted unanimously to increase the amount of natural gas stored at the Aliso Canyon Natural Gas Storage Facility in Los Angeles County to 41 Bcf to provide adequate winter supplies for gas and electric customers. The decision, said regulators, allows Aliso operator Southern California Gas Co. (SoCalGas)…

The Saudi Arabian Oil Co., better known as Aramco, recorded a substantial increase in profits during the third quarter on rebounding global energy demand, which is likely to “remain healthy for the foreseeable future,” CEO Amin H. Nasser said. Higher oil volumes sales and prices, combined with stronger refining and chemicals margins, were underpinned by…

Chevron Corp. said it reaped big benefits from surging natural gas and crude prices in the third quarter, bolstering free cash flow (FCF) and paying down debt while positioning the company to further increase production. The San Ramon, CA-based integrated major produced $6.7 billion in free cash flow in the quarter, more than at any…