EIA expects low natural gas prices to continue in 2024
The US Energy Information Administration (EIA) expects the benchmark Henry Hub spot price to average about US$2.25 per million Btu in 2024, a 10% decrease from 2023 and a 65% decrease from 2022.
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The EIA reports that since early January 2024, US refinery utilisation has decreased 11%.
Southwest Airlines Co. has launched Southwest Airlines Renewable Ventures (SARV), dedicated to creating more opportunities for scalable sustainable aviation fuel (SAF).
The American Petroleum Institute (API) has urged the Biden Administration to prioritise production of hydrogen of all types and feedstocks – including blue hydrogen produced from natural gas – to drive a lower carbon future.
Senior Director of Fuels & Vehicle Policy at the AFPM, Patrick Kelly, has issued a statement in response to the Environmental Protection Agency’s decision to grant RVP petitions and expand E15 sales in select Midwest states beginning in 2025.
Vitol Inc. has announced the execution of a natural gas sale and purchase agreement (SPA) with EOG Resources, Inc.
LyondellBasell has acquired mechanical recycling assets containing rigid plastics recycling processing lines from PreZero.
Verde Clean Fuels, Inc. and Cottonmouth Ventures LLC have announced a joint development agreement for a proposed natural gas-to-gasoline facility in the Permian Basin.
Aircastle, Air New Zealand, Embraer, Google, HIS, Natixis CIB, Safran, and Technip Energies are now part of The United Airlines Ventures Sustainable Flight Fund.
Spot petroleum product prices at the Chicago trading hub are increasing after an unplanned outage of BP’s refinery in Whiting, Indiana, US, on 1 February 2024.
