North America downstream news

Matrix Service has announced that it has been awarded an EPC contract for an LNG peak shaving facility in the US.

The US EIA has reported that it expects record liquid fuels inventory builds in early 2020, followed by draws.

First liquid has been announced from Train 3 of the Cameron LNG project in Louisiana, US.

The EIA has reported that low transportation fuel demand and reduced profitability is driving refinery run declines.

The US EIA has reported that ethanol exports fell for the first time in four years in 2019.

The EIA has published research into natural gas markets which finds that they remain regionalised when compared with oil markets.

The EIA has reported on the factors which fed into the WTI crude oil futures prices dropping below zero.

BP and Hilcorp have successfully renegotiated the financial terms of BP’s sale of its Alaska business.

The EIA has reported that COVID-19 mitigation efforts have resulted in the lowest US petroleum consumption in decades.

According to GlobalData, the WTI May futures and oil storage issues with have a rippling effect on global markets.