U.S. LNG Exports Drop As Domestic Demand Climbs
Tuesday, 07 February 2023
Exports of liquefied natural gas (LNG) out of the United States dropped by 5% in January compared to December amid higher U.S. demand in colder weather, according to data from Refinitiv Eikon cited by Reuters. U.S. exporters sent out 95 cargoes with 6.84 million tons of LNG on board in January, with Europe getting 68%
Natural gas share of energy mix will rise to 26% in 2050: GECF
Friday, 03 February 2023
The energy demand is expected to rise 22 per cent by 2050 and the natural gas’ share in the energy mix will go from 23 per cent today to 26 per cent in 2050, according to a new study. The Gas Exporting Countries Forum (GECF) launched the latest edition of its annual Global Gas Outlook
IEA: The Energy Crisis Will Accelerate Renewable Power Growth
Friday, 09 December 2022
The new drive for energy security prompted by the fossil fuel price crisis will accelerate the development of renewable energy, the International Energy Agency has said in a new report. “Renewables were already expanding quickly, but the global energy crisis has kicked them into an extraordinary new phase of even faster growth as countries seek
OPEC+ Is Considering A Substantial Oil Production Cut
Friday, 30 September 2022
Several major producers of the OPEC+ alliance have started talks about a potential oil production cut ahead of the regular monthly OPEC+ meeting on October 5, OPEC and OPEC+ sources told Reuters on Thursday. OPEC+ meets next Wednesday to discuss the market and fundamentals situation as oil prices have fallen below $90 per barrel, a
Surprise Crude Build Weighs On Oil Prices
Friday, 09 September 2022
The American Petroleum Institute (API) reported a build this week for crude oil of 3.645 million barrels, while analysts predicted a draw of 733,000 barrels. The build comes as the Department of Energy released 7.5 million barrels from the Strategic Petroleum Reserves in the week ending September 2, leaving the SPR with just 442.5 million
Norway To Maintain High Gas Production Through End Of Decade
Thursday, 25 August 2022
Norway will continue to produce natural gas at the current high levels for the remainder of the decade, Norway’s energy minister said on Tuesday. To maintain that high level of natural gas production, the country has approved applications from operators to increase production from several gas fields, energy minister Terje Aasland told Reuters in an
Shale Drillers Are Holding Firm on Output as Oilfield Costs Rise -Bloomberg
Wednesday, 10 August 2022
US shale oil drillers continue to show little sign of responding to high global prices with more production, only now it’s not just their focus on rewarding shareholders that’s holding them back, but also a preoccupation with soaring costs. The combined oil and gas production forecasts from a dozen companies that have reported second-quarter results
The production capacity of Di tert butyl dicarbonate in Nanjing Shunxiang has been increased
Monday, 25 July 2022
Nanjing Shunxiang is a manufacturing enterprise specializing in the R & D, production, marketing and information of pharmaceutical chemical intermediates.The main products are Di tert butyl dicarbonate (Diboc) (CAS NO.:24424-99-5),Diisopropyl azodicarboxylate(DIAD), Pyridine sulfur trioxide, Pyridinium tribromide, Pyridine hydrochloride, and Pyridinium 4-toluenesulfonate. As one of the leading enterprises in the production of Di tert butyl dicarbonate,the
Two-thirds of New Renewable Power Cheaper than Coal in 2021 – IRENA
Friday, 15 July 2022
Almost two-thirds or 163 gigawatts (GW) of new renewable power capacity added last year had lower costs than the cheapest coal-fired power plants in G20 countries, a report by the International Renewable Energy Agency (IRENA) showed. Last year, the cost of electricity from onshore wind fell by 15%, offshore wind fell by 13% and solar
U.S. Crude-Oil Stockpiles Likely Declined in DOE Data, Analysts Say
Friday, 08 July 2022
U.S. crude-oil stockpiles are expected to have decreased from the previous week in data due Thursday from the Energy Department, according to a survey of analysts and traders by The Wall Street Journal. Estimates from nine analysts and traders showed U.S. oil inventories are projected to have declined by 1.2 million barrels for the week