WVONGA Header final Subpage

gasfacts2019

US crude oil inventories for the week ended May 17, excluding the Strategic Petroleum Reserve, increased by 4.7 million bbl from the previous week, according to data from the US Energy Information Administration.

Oil futures dropped May 22 with light, sweet crude contracts for July and August settling down by more than $1.70/bbl each on the New York market, marking the biggest single-session loss in nearly 3 weeks.

Renewed LPG demand growth in India and China will lead to growth of US exports later this year, according to ESAI Energy’s newly published Global NGL Outlook. 

Light, sweet crude oil contracts for July and August plunged by more than $3.50/bbl on May 23, marking the sharpest single-session drop since Dec. 24, 2018, and the lowest settlement since Mar. 12. Brent crude oil prices also fell more than a $3/bbl on the London market with the July contract settling under $68/bbl. Analysts attributed the steep benchmark price drops on US-China trade relations as well as rising US oil supplies.

While there hasn’t been a dramatic change for the energy industry in Mexico since President Andres Manuel Lopez Obrador took office in 2018, progressive collaboration between the industry and country regulators is needed to fulfill the country’s hydrocarbon ambitions.

Twitter

It’s time for West Virginia to join the other states in our region that have transitioned to natural gas-fired powe… https://t.co/NNTvS4UAWJ

RT @EnergySpeaksWV: Natural gas is not only the cleanest fossil fuel, it is also abundant, affordable and dependable. #NaturalGas is the fu…

WV, OH and PA might only have half the land mass of Texas, but these three states are now producing more natural ga… https://t.co/2rKwd05MHo

RT @AnteroResources: Perhaps the decade's most underappreciated, most powerful resource...? Natural gas is now allowing the U.S. to become…