Energy

Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.

US LNG exports top rivals for first time on shale revolution

Bloomberg | January 04, 2022 | Energy

The U.S. was the world’s biggest exporter of liquefied natural gas last month for the first time ever, as projects ramped up production and deliveries surged to energy-starved Europe.

Crude oil prices increased in 2021 as global crude oil demand outpaced supply

AJOT | January 04, 2022 | Energy

Crude oil prices increased in 2021 as increasing COVID-19 vaccination rates, loosening pandemic-related restrictions, and a growing economy resulted in global petroleum demand rising faster than petroleum supply. The spot price of Brent crude oil, a global benchmark, started the year at $50 per barrel (b) and increased to a high of $86/b in late October before declining in the final weeks of the year.

OPEC+ agrees to revive more output as market looks tighter

Bloomberg | January 04, 2022 | Energy

China halves fuel export quota in year’s first batch allocations

Bloomberg | January 04, 2022 | Energy

Coal prices forecast to surge again if Indonesia halts exports

Bloomberg | January 03, 2022 | Energy

Venezuela doubles crude oil exports defying US sanctions

Bloomberg | January 03, 2022 | Energy

Energy prices rose more than other commodities in 2021

AJOT | January 03, 2022 | Energy

Energy prices used in the S&P Goldman Sachs Commodity Index (GSCI) ended 2021 59% higher than the first trading day of the year. Price increases were largely driven by increased demand from the initial phase of global economic recovery from the COVID-19 pandemic. By comparison, most other commodity indexes included in the GSCI increased by about 20%. The precious metals index was the only one to decline. The energy index of the GSCI increased more than twice as much as the industrial metals index on a percentage basis during 2021, the next highest commodity index group price change.