record high – Oil & Gas 360

Global energy-related CO2 emissions hit record high in 2023 - IEA-oil and gas 360

Energy-related emissions hit a record high last year despite renewables surge

March 1, 2024

Oil Price Despite a decline in fossil fuel use in developed economies, global energy-related emissions rose last year to another record-high level as coal use rose in major developing markets hit by low hydropower generation, the latest emissions report by the International Energy Agency (IEA) showed on Friday. Global energy-related carbon dioxide (CO2) emissions grew by 1.1% in 2023, or by 410

U.S. crude oil production surges to record high in Q3 2023, EIA reports

October 12, 2023

World Oil (Bloomberg) – U.S. crude oil production surged to a record during the third quarter and is expected to climb further above 13 MMbpd as the nation increasingly plays a vital role in supplying global markets. U.S. oil production jumped to 13.13 MMbpd last quarter and is forecast to rise to 13.16 MMbpd in the fourth quarter, according to

US LNG feed gas at record high in first half as Freeport restarts

July 31, 2023

Nasdaq U.S. liquefied natural gas (LNG) export facilities brought in a record amount of natural gas in the first six months of this year after the Freeport LNG terminal returned to service, the U.S. Energy Information Administration (EIA) said on Monday. Natural gas delivered by pipeline to LNG export facilities, called LNG feed gas, averaged 12.8 billion cubic feet per

Global energy-related CO2 emissions edged up to record high in 2022 – IEA

March 2, 2023

Nasdaq LONDON – Global energy-related emissions of carbon dioxide hit a record high last year, although more clean technology such as solar power and electric vehicles helped limit the impact of increased coal and oil use, the International Energy Agency (IEA) said on Thursday. Deep cuts in emissions, mainly from burning fossil fuels, will be needed over the coming

U.S. oil exports hit record high

December 6, 2022

Oil Price U.S. exports of crude oil and petroleum products hit an all-time high of 11.8 million barrels per day (bpd) last week, The Maritime Executive reports. In the week to November 25, a total of 11.776 million bpd of U.S. crude and petroleum were exported, the latest data from the U.S. Energy Information Administration showed. The jump in American crude and

U.S. LNG export bonanza reshapes energy map in Asia

April 2, 2021

Reuters TOKYO – U.S. exports of liquefied natural gas (LNG) to China, Japan and South Korea, the biggest importers of the fuel, have surged to record highs in recent months as the heavily industrialised region recovers from the COVID-19 pandemic, Eikon trade data shows. As with the ramp-up of U.S. oil exports that forced heavyweights like Saudi Arabia to find

U.S. LNG exports on track to hit record high in March

March 19, 2021

Reuters U.S. liquefied natural gas (LNG) exports are on track to hit record highs in March as tumbling shipping rates and lower prices than in Europe and Asia continue to attract buyers. The amount of gas flowing to U.S. LNG export plants has averaged 10.5 billion cubic feet per day (bcfd) so far in March, according to Refinitiv. That compares

Share of Canada, U.S. in India’s January oil imports surges to record high: trade

February 22, 2021

Reuters NEW DELHI – The share of Canada and the United States of America in India’s January oil imports surged to a record 11% while that of the Middle East and South America declined, data obtained from sources showed. Asia’s third-largest economy imported about 4.8 million barrels per day (bpd) oil in January, a decline of 6% from the previous

U.S. crude stockpiles surge to record high on big Saudi imports: EIA

June 10, 2020

Reuters U.S. crude oil stockpiles rose unexpectedly last week to an all-time high as refiners boosted imports, particularly from Saudi Arabia, while exports dropped to lows not seen since November. The Energy Information Administration also said on Wednesday that refined product demand ticked up, but still remained far below normal levels. Crude inventories rose 5.7 million barrels in the week

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