North America downstream news
March saw major US petroleum demand declines
The US EIA has reported that March saw major declines in demand for petroleum products.
US natural gas storage capacity remained unchanged in 2019
The US EIA has reported that US natural gas storage capacity remained relatively unchanged in 2019.
Matrix Service awarded EPC contract
Matrix Service has announced that it has been awarded an EPC contract for an LNG peak shaving facility in the US.
EIA: record liquid fuels inventory builds expected
The US EIA has reported that it expects record liquid fuels inventory builds in early 2020, followed by draws.
Cameron LNG Train 3 begins production
First liquid has been announced from Train 3 of the Cameron LNG project in Louisiana, US.
US refinery runs decline
The EIA has reported that low transportation fuel demand and reduced profitability is driving refinery run declines.
US ethanol exports fall in 2019
The US EIA has reported that ethanol exports fell for the first time in four years in 2019.
Natural gas markets remain regionalised compared to oil
The EIA has published research into natural gas markets which finds that they remain regionalised when compared with oil markets.
Low liquidity and storage pushed WTI crude futures prices below zero
The EIA has reported on the factors which fed into the WTI crude oil futures prices dropping below zero.
BP confirms commitment to sale of Alaska business
BP and Hilcorp have successfully renegotiated the financial terms of BP’s sale of its Alaska business.