EIA: Suez Canal LPG volumes decreased by 84% in January
EIA notes that in January 2024, LPG volumes decreased through the Suez Canal by 84% and around the Cape of Good Hope by 44% compared with December 2023.
Read moreEIA notes that in January 2024, LPG volumes decreased through the Suez Canal by 84% and around the Cape of Good Hope by 44% compared with December 2023.
Read moreAccording to EIA, after Yemen-based Houthi militia attacks on commercial ships transiting the Red Sea started in November 2023, some vessels began opting to avoid the Bab el-Mandeb chokepoint—a narrow strait that borders the Yemeni coast and is the southern entrance to the Red Sea. Instead, they’re choosing to take longer, more costly routes around the tip of Africa.
Read moreAs U.S. Energy Information Administration (EIA) forecasts average annual crude oil prices in 2024 and 2025 will remain near their 2023 average because they expect that global supply and demand for petroleum liquids will be relatively balanced over the next two years.
Read moreAccording to Energy Information Administration (EIA), the price of Brent crude oil averaged $83 per barrel (b) in 2023, down from $101/b in 2022, a difference of $19/b after rounding.
Read moreThe NGO Shipbreaking Platform published its report Ship Recycling in Turkey: Challenges and Future Direction, which provides a comprehensive analysis of the current challenges faced by the ship recycling sector in Aliağa.
Read moreAs the U.S. Energy Information Administration (EIA) explains, exporting countries in the Middle East and North Africa region (MENA) supplied nearly one-third (29%) of global liquefied natural gas (LNG) exports in 2022, according to data from the International Group of Liquefied Natural Gas Importers (GIIGNL).
Read moreThe Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. The Strait of Hormuz is the world's most important oil chokepoint because large volumes of oil flow through the strait, EIA highlights.
Read moreThe average utilization rate (or capacity factor) for the entire U.S. fleet of combined-cycle natural gas turbine (CCGT) electric power plants has risen as the operating efficiency of new CCGT units has improved, EIA highlights.
Read moreAccording to EIA, the most recent auction of carbon dioxide (CO2) emissions allowances in the major U.S. northeast regional trading hub reached near record-high prices, as the number of allowances available was reduced.
Read moreAccording to EIA's recently released Winter 2023–24 Global LNG Analysis, relatively full natural gas inventories in the United States and Europe and expanded global liquefied natural gas (LNG) export and import capacity have improved the likelihood that global gas supply is sufficient to meet demand in the 2023–24 winter season (November–March).
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