exports/imports

Cold weather, higher exports result in record American natural gas demand

Spot wholesale electricity prices also rose: $200/MWh in New York City, $185/MWh in New England Estimated U.S. natural gas demand on Jan. 1 reached 150.7 billion cubic feet, surpassing the previous single-day record set in 2014, according to the U.S. Energy Information Administration. Much colder-than-normal temperatures across much of the United States have led to increased […]

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Transportation constraints, export costs widen Brent-WTI crude oil price spread

 China is second-largest destination for U.S. crude oil exports In its Nov. Short-Term Energy Outlook (STEO), EIA forecasts the price difference between West Texas Intermediate (WTI) crude oil priced at Cushing, Oklahoma, and Brent, the global crude oil price benchmark, to remain at $6 per barrel (b) through the first quarter of 2018 before narrowing to $4/b

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More US distillate is being exported, less to Canada

Exports to Canada decreased by 15,000 b/d U.S. distillate exports have continued to increase in 2017, both in volume and as a share of total distillate production. Domestic distillate demand has remained relatively stable, increasing slightly from January through July 2017, according to the U.S. Energy Information Administration. Distillate exports from the United States reached

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Australian domestic natural gas prices increase as LNG exports rise

Projected natural gas supply shortfall in domestic market of up to 0.27 billion cubic feet per day in 2018 Australia became the world’s second-largest exporter of liquefied natural gas (LNG) in 2015 and is likely to overtake Qatar as the world’s largest LNG exporter by 2019, according to the U.S. Energy Information Administration. As Australia’s LNG

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U.N. North Korean coal export cap could decrease North Korean export earnings

Russia is significant trading partner for North Korea In 2016, the almost $1.2 billion value of North Korean coal exports accounted for about 40 per cent of their total export revenue, according to the U.S. Energy Information Administration. A cap imposed by the United Nations (U.N.) on imports of coal from North Korea would limit North

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Petroleum product exports from Central Atlantic states unusually high in Feb.

Decline in US gasoline consumption in Jan. and Feb. kept gasoline inventories high Exports of finished petroleum products from the Central Atlantic region of the United States (Petroleum Administration of Defense District, or PADD 1B) reached a record high in Feb. 2017, according to the US Energy Information Administration. Increased exports were driven by lower

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