Sunday, August 3, 2025
S Koreas thirst for U.S. crude to keep growing in 2020- oilandgas360

S. Korea’s thirst for U.S. crude to keep growing in 2020

Reuters Oil & Gas 360 Publishers Note: “Light sweet crude contains more naphtha, used in petrochemicals, and also has a lower sulphur content, making it suitable for very low sulphur fuel oil, which has been mandated for shipping since the start of 2020.” This is very critical for world wide use in shipping vessels, and is supplied by the Permian.

EIA forecasts natural gas inventories will reach record levels later this year - Fig 3oilandgas360

EIA forecasts natural gas inventories will reach record levels later this year

EIA In the U.S. Energy Information Administration’s (EIA) February Short-Term Energy Outlook (STEO), EIA forecasts that the Lower 48 states’ working natural gas in storage will end the 2019–20 winter heating season (November 1–March 31) at 1,935 billion cubic feet (Bcf), with 12% more inventory than the previous five-year average. This increase is the result of mild winter temperatures and continuing strong