Released August 15, 2022 | SUGAR LAND
en
Energy Market highlights gathered by Industrial Info and IIR Energy
EARNINGS REPORTS
Citgo Achieves Record Quarterly Profit - Refiner Citgo Petroleum (Houston, Texas) on Thursday reported second-quarter earnings that surged to $1.28 billion, the highest quarterly profit in its history, on higher crude processing volumes and stronger margins. The results reflect a sharp turnaround after back-to-back annual losses in 2020 and 2021. Citgo's three plants processed 776,000 barrels per day (BBL/d) of oil, up from 732,000 BBL/d a year earlier, it said. (Reuters)
PRODUCTION
U.S. Oil & Gas Rig Count Declines - The U.S. oil and gas rig count fell by one to 763 in the week ending August 12, energy services firm Baker Hughes Company (NYSE:BKR) (Houston, Texas) said. U.S. oil rigs rose three to 601, while gas rigs fell one to 160. (Reuters)
LNG
Asia LNG Spot Prices Near Record Highs - Asian spot liquefied natural gas (LNG) prices climbed to near-record levels last week as Asian buyers sought to secure supply ahead of winter, narrowing the price spread with Europe, where Russian gas flows remain curtailed. The average LNG price for September delivery into northeast Asia was estimated at $48 per million British thermal units, up $3, or 6.7%, from the previous week, industry sources said. (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
Industrial Info Resources (IIR) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.
EARNINGS REPORTS
Citgo Achieves Record Quarterly Profit - Refiner Citgo Petroleum (Houston, Texas) on Thursday reported second-quarter earnings that surged to $1.28 billion, the highest quarterly profit in its history, on higher crude processing volumes and stronger margins. The results reflect a sharp turnaround after back-to-back annual losses in 2020 and 2021. Citgo's three plants processed 776,000 barrels per day (BBL/d) of oil, up from 732,000 BBL/d a year earlier, it said. (Reuters)
PRODUCTION
U.S. Oil & Gas Rig Count Declines - The U.S. oil and gas rig count fell by one to 763 in the week ending August 12, energy services firm Baker Hughes Company (NYSE:BKR) (Houston, Texas) said. U.S. oil rigs rose three to 601, while gas rigs fell one to 160. (Reuters)
LNG
Asia LNG Spot Prices Near Record Highs - Asian spot liquefied natural gas (LNG) prices climbed to near-record levels last week as Asian buyers sought to secure supply ahead of winter, narrowing the price spread with Europe, where Russian gas flows remain curtailed. The average LNG price for September delivery into northeast Asia was estimated at $48 per million British thermal units, up $3, or 6.7%, from the previous week, industry sources said. (Reuters)
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
Industrial Info Resources (IIR) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.
