Asia’s gasoline refining margins dropped to their lowest in seven weeks on Friday, falling for the week as stockpiles of the distillate product in Europe jumped to a record high while only one regional deal took place by the end of the session. The crack (GL92-SIN-CRK) lost $0.99 from the previous day to $5.53, posting a decline of 22.33% this week. Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose over 8% on the week to their highest on record, data from Dutch consultancy Insights Global ...

Asia’s middle distillates markets continued to be brimming with spot activity on the trading window, while more offers for February spot – especially jet fuel – emerged as well against a backdrop of firmer energy prices. Two key South Korean refiners were heard to have offered spot. At least two more traders were seeking to send Asian jet fuel cargoes to the U.S. west coast, in line with earlier expectations. Some talks of Japan buying term cargoes were evident in the market but further details could not be confirmed. Meanwhile, ...

U.S. natural gas futures climbed about 4% to a one-week high on Friday on forecasts for colder weather and higher heating demand over the next two weeks than previously expected and record flows of gas to liquefied natural gas (LNG) export plants. That price increase came despite signs that the amount of gas curtailed by freezing wells, known in the energy industry as freeze-offs, was leveling off. Front-month gas futures for February delivery on the New York Mercantile Exchange rose 12.9 cents, or 3.5%, to $3.830 per million British thermal ...

Asia’s naphtha refining crack steadied on Thursday after sliding to its lowest in a month in the previous session. The crack (NAF-SIN-CRK) closed at $92.78 a barrel on Thursday, up more than $3 from Wednesday. Meanwhile, inventories of light distillates in Singapore were down week on week, the latest data showed. Stocks of light distillates in Singapore dipped 3.9% to 15.42 million barrels in the week to Jan. 8, based on data from Enterprise Singapore. In the gasoline market, U.S. stockpiles rose by 6.3 million barrels in the week ended ...

Dutch and British wholesale gas prices traded in a narrow range on Thursday morning, with market participants expecting further downside on forecasts for warmer weather and strong flows of liquefied natural gas (LNG). The benchmark front-month contract at the Dutch TTF hub (TRNLTTFMc1) was down 0.50 euros at 44.90 euros per megawatt hour (MWh), or $13.80 /mmBtu, by 0919 GMT, LSEG data showed. The Dutch March contract (TRNLTTFMc2) was down 0.54 euros at 45.46 euros/MWh. In Britain, the month-ahead (TRGBNBPMc1) contract rose 0.15 pence to 113.5 p/therm. Prices have retreated ...

Asia’s middle distillates markets turned slightly quiet on the physical trading window front, with some traders still awaiting more spot refiner February offers. Deals on the physical trading window were scant, with a buy-sell gap being the key hindrance. Meanwhile, Taiwan’s CPC Corp closed its sale tender for 10ppm sulphur gasoil loading around mid-February at a small premium below 10 cents a barrel to Singapore quotes. On the jet fuel front, some enquiries in the shipping market did emerge on the northeast Asia-U.S. west coast trade route, in line with ...

U.S. natural gas futures eased about 1% on Thursday after forecasts weather over the next two weeks would not be quite as cold as previously expected, and as the market anticipated less disruption from frozen wells. Front-month gas futures for February delivery on the New York Mercantile Exchange fell 3.1 cents, or 0.9%, to $3.620 per million British thermal units (mmBtu) at 8:31 a.m. EST (1331 GMT). As the market pauses following an extremely volatile couple of weeks, analysts said price spikes were still possible since the coldest weather forecast ...

Asia’s naphtha refining margins declined to a near one-month low on Wednesday as inventories at global refining hubs climbed while crude oil prices strengthened. The crack fell $4.25 to $93.82, its weakest level since Dec. 9. Light distillate stocks at the Fujairah trading hub rose by 466,000 barrels to a near one-month high of 6.534 million barrels. The inventories last exceeded that level in the week of Dec. 16. In the gasoline market, U.S. stockpiles were up 7.33 million barrels last week, according to market sources citing American Petroleum Institute ...

Dutch and British wholesale gas prices were mixed early on Wednesday as an outage in Norway curbed supplies, while milder temperatures forecast towards the end of the month should increase availability. The benchmark front-month contract at the Dutch TTF hub was up 1.15 euros at 47.50 euros per megawatt hour (MWh), or $14.37 /mmbtu, by 0912 GMT LSEG data showed. The Dutch March contract was down 0.03 euros at 47.40 euros/MWh. In Britain, the month-ahead contract fell 1.2 pence to 117.7 p/therm. Norway’s Gassco late on Tuesday updated plans for ...

For the first time, over 1 billion metric tons of carbon dioxide (CO2) was discharged from U.S. gas-fired power stations in a single year during 2024, marking a new pollution threshold for the world’s largest gas producer and consumer. The 1.003 billion ton emissions figure is 3.6% up from 2023, and marks a 40% jump in gas-fired power generation emissions since 2015, according to data from Ember. Those numbers look large, but lack important context. Discharge from the U.S. fleet of coal-fired power stations was just under 620 million tons ...

U.S. natural gas futures climbed about 4% on Wednesday on forecasts for more heating demand this week than previously expected and a continued decline in output from freezing wells, while extreme cold in the Northeast boosted spot gas prices to their highest since January 2024. Those price increases came ahead of a federal report expected to show utilities pulled a smaller-than-usual 53 billion cubic feet (bcf) of gas out of storage during the week ended Jan. 3 when the weather was still mild. That compares with a decrease of 104 ...

In 2024, the Troll field in the North Sea produced more gas than ever before. At the same time, CO2 emissions were significantly reduced. The Troll field in the North Sea has set a historic production record, delivering 42.5 billion standard cubic metres of natural gas in 2024. This is the highest annual production ever for the field, and is an increase of almost ten percent from the previous record from 2022 (38.8 billion standard cubic metres). With record-high production in 2024, the Troll field confirms its position as a ...

Dutch and British wholesale gas prices continued to declined on Tuesday morning on milder weather forecasts for next week, high wind speeds and stable supply. The benchmark front-month contract at the Dutch TTF hub (TRNLTTFMc1) was down 0.61 euros at 46.65 euros per megawatt hour (MWh) at 0947 GMT, according to LSEG data. The contract for March was down 0.52 euro at 46.63 euros/MWh. In Britain, the front-month contract (TRGBNBPMc1) fell by 2.04 pence to 116.76 pence per therm. In north-west Europe, although another cold snap is forecast from Friday ...

US flight cancellations and delays mounted and roadways became hazardous in the Mid-Atlantic and Ohio Valley on Jan. 6, where Winter Storm Blair left a flurry of snowfall and freezing temperatures that lifted prompt distillates prices. US flight cancellations totaled 1,904 as of 1:30 pm CT on Jan. 6, rising from 1,816 cancellations on Jan. 5, according to FlightAware data. Reagan National Airport in Washington DC led nationwide disruptions midday Jan. 6, with cancellations standing at 261 outbound flights, 65% of the total, and 213 inbound flights, 53% of the ...

PetroChina’s customers have been pushed to resell their surplus pipeline gas volumes under 2024-25 contracts due to weak downstream demand, particularly for heating, amid a warmer-than-expected winter, according to market sources. These surplus volumes have been sold on the Shanghai Petroleum and Natural Gas Exchange via auctions. However, the trades are restricted to those that have existing annual pipeline gas contracts with the state-owned oil and gas company, primarily city-gas companies, industrial users, power plants and natural gas liquefaction plants, sources said. The latest auction, initiated by PetroChina, was conducted ...