Jan-Jun soybean oil use for biofuel up 19% YOY

Biomass-based diesel manufacturers used 4.95 billion pounds of soybean oil during the first six months of 2022, a sizeable increase over H1 2021 and up 34 percent from Jan-Jun 2019, when the industry saw significant expansion in renewable diesel production. Production of renewable diesel [...]

Freeport LNG fire shifts momentum of natural gas market

Although news of an explosion and fire in a Freeport liquified natural gas (LNG) loading terminal off the coast of Texas would initially appear bullish, in-depth analysis would suggest that the event has instead shifted the momentum of the domestic natural gas market. The [...]

Natural gas stocks finally turn the corner as spring arrives

Having passed the official start of spring, natural gas stocks in underground storage across the U.S. finally posted their first gain since last fall in Thursday’s EIA report. Nationwide stocks showed a 26 billion cubic feet (Bcf) bump over last week, with six out [...]

Key Nov. 4 vote will influence West Coast gas storage & pricing

A meeting on Nov. 4 will decide on increasing gas storage at a primary facility that serves as major hub for Southern California. The California Public Utility Commission (CPUC) will vote on lifting restrictions at the Aliso Canyon SoCal citygate terminal as part of [...]

Crude oil pricing rises as OPEC+ limits production growth

Brent crude oil futures surged this past week, topping $81 per barrel, a level not seen since 2014, making a contract and yearly high after the most recent OPEC+ meeting. The OPEC+ Joint Technical Committee (JTC) met ahead of the regular member meeting to [...]

June soybean oil use for biofuel down 11% YOY

Manufacturers of biodiesel and renewable diesel used 663 million pounds of soybean oil in June, down 16 percent from May and down 11 percent from June 2020. Soybean oil accounted for about 44 percent of biofuel feedstock consumption during the month. We estimate that [...]

Summer heat underpins natural gas market

Sizzling summer temperatures sent the mercury well into the 90s for regions of the U.S. over the past week, boosting demand for power as air conditioners were working overtime. The Twin Cities saw seven consecutive daytime highs well into the 90s, and much of [...]

Early spring helps natural gas stocks with second week of inventory gains

As temperatures begin to climb with early arrival of spring weather, EIA’s reported natural gas inventories registered their second, albeit modest, increase in as many weeks. National storage showed a 20 bcf build with the largest increase in the central-south region, bringing total stocks [...]

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