Commonwealth LNG, Diamondback Energy: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

LNG
Commonwealth LNG Secures Approval for Non-FTA Exports - Last week, Commonwealth LNG (Houston, Texas) has received a 20-year authorization from the U.S. Department of Energy to export liquefied natural gas (LNG) from its proposed Louisiana facility to countries without free trade agreements with the United States (non-FTA countries). The company has also received an approval for a period of 25 years for exports to FTA nations. The authorizations will become effective either when the facility starts exporting commercially or seven years from the date the permission was granted. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the related project reports. (Reuters)

EARNINGS
Diamondback Warns of Lower Oil Prices in Fourth Quarter - U.S. shale producer Diamondback Energy (Midland, Texas) on Monday flagged lower prices for its oil production in fourth-quarter 2025, compared to the preceding three months. Oil prices declined 9.2% during the three months ended December 31, as concerns about oversupply and tariffs outweighed geopolitical risks. The company said the average realized prices, or the price it received for total oil production, declined to $58.00 per barrel in the fourth quarter, compared with $64.60 per barrel in the preceding three-month period. (Reuters)

CRUDE OIL
Iran's Crude Oil Stored on Water Reaches Record High - Iran has a record amount of oil on the water, equivalent to about 50 days of output, with China having bought less because of sanctions and Tehran seeking to protect its supplies from the risk of U.S. strikes, data from Kpler and Vortexa shows. The amount of Iranian crude and condensate, either on tankers in transit or in floating storage vessels, reached a record high of 166 million barrels in the week ended January 11, according to shipping data provider Kpler, the highest level on record in data going back to 2016. Data from shipping analysts at Vortexa pegs stocks at a record high around 170 million barrels. (Reuters)

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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info Resources
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).