FROM THE OIL PATCH
Trump Lifts Biden’s Freeze On Liquefied Natural Gas Exports
President Donald Trump issued an order on Monday for the U.S. to resume processing export permit applications for new liquefied natural gas (LNG) projects, part
Europe’s LNG imports surge, but not at Asia’s expense
Europe’s imports of liquefied natural gas (LNG) surged to an 11-month high in December, but the gain didn’t come at the expense of Asia, which
‘Clear direction for planning’ lifts capex outlook in Dallas Fed survey
Smaller firms are much more prepared to add to their spending this year. Nearly 60% of oil and gas executives surveyed by the Federal Reserve Bank of Dallas plan to increase their capital spending this year compared with 2024. But those upbeat plans are concentrated among small exploration and development
IEA: Global oil demand sharply increased in fourth-quarter 2024
Global oil demand rose seasonally in fourth-quarter 2024, posting a robust annual growth of 1.5 million b/d, according to the International Energy Agency (IEA)’s January 2024 issue Oil Market Monthly Report. This marks the strongest level since fourth-quarter 2023, exceeding IEA’s previous forecast by 260,000 b/d. The rise in consumption
EIA forecasts lower crude oil prices in 2025, 2026
Oil prices are expected to face downward pressures over the next 2 years due to global oil production outpacing demand, according to a report by the US Energy Information Administration. Oil prices are expected to face downward pressures over the next 2 years due to global oil production outpacing demand,
Trump to Declare ‘National Energy Emergency’
President-elect Donald Trump said on Monday he will declare a national energy emergency aimed at boosting U.S. oil and gas production and lowering costs for U.S. consumers. The emergency declaration is just one of many actions Trump was expected to take on Monday and in the coming days to bolster
CRUDE OIL WEEKLY UPDATE (Week Ending 01-24-25)
Crude Oil Summary (EIA) U.S. crude oil refinery inputs averaged 15.5 million barrels per day during the week ending January 17, 2025, which was 1.125
NATURAL GAS WEEKLY UPDATE (Week Ending 01-24-25)
Market Highlights: Prices Henry Hub spot price: The Henry Hub spot price fell 54 cents from $4.43 per million British thermal units (MMBtu) last Wednesday
Zekelman Industries Steel Snapshot for January 2025
(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) SMU January HR Coil $690 up $15 from Dec. Nippon’s purchase of USS was rejected by
Preston Pipe Report – January 2025
(by Paul Vivian and Rick Preckel, www.prestonpipe.com) Market Monitor – The US Department of Transportation’s Pipeline and Hazardous Materials Safety Administration proposed a new set of
Argus Pipe Logix Line Pipe Report – December 2024
(by Rye Druzin, www.pipe-logix.com) US line pipe prices increased this month to $2,282/short ton (st), with domestic price increases outweighing a decline in import prices.
AISI Press Release on Latest U.S. Imports of Steel Products – January 2025
American Iron and Steel Institute, www.steel.org (01-09-25) Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and