In 1H23, natural gas spot prices at Texas hubs traded closer to the US benchmark, Henry Hub, than in the second half of 2H22.
The EIA reports that energy trade between the US and Canada totalled US$190 billion when adjusted for inflation, compared with US$134 billion in 2021.
The production of renewable diesel has restarted at the expanded part of Neste’s Singapore refinery after operational shutdown.
The EIA expects new milestones for US crude oil production amid sustained global petroleum demand and rising prices.
According to the annual Refinery Capacity Report by the US Energy Information Administration (EIA), US refining capacity increased this year for the first time since the COVID-19 pandemic.
The EIA forecasts that US refinery utilisation will reach as high as 95% on a monthly average basis this summer in response to high product prices and crack spreads for gasoline, distillate fuel oil, and jet fuel.
The EIA’s 2022 Annual Energy Outlook report projects growth in consumption of NGLs in the bulk chemicals industry.
ClearSign Technologies has received an initial engineering order from a large independent national refiner as the first phase of a project to retrofit two process heaters in one of the company's Californian refineries.
The US Department of Energy has released 30 million bbl of crude oil from the US Strategic Petroleum Reserve to ensure an adequate supply of petroleum in response to Russia’s further invasion of Ukraine.