U.S. Gulf Coast refinery demand for hydrogen increasingly met by merchant suppliers

(Fri, 15 Mar 2019) Petroleum refineries in the U.S. Gulf Coast increasingly rely on merchant suppliers, rather than their own production, to provide the hydrogen used to reduce the sulfur content of fuel. As global demand for distillate fuel oil has increased and sulfur content regulations have become more stringent, refineries have needed to use more hydrogen. Hydrogen demand is expected to continue to rise as International Maritime Organization regulations that limit the sulfur content in marine fuels take effect on January 1, 2020.

Lower 48 working natural gas stocks hit a new record for largest weekly net withdrawals in March

(Thu, 14 Mar 2019) Net withdrawals for the Lower 48 states totaled 204 billion cubic feet (Bcf) for the week ending March 8, 2019. This value is the largest value ever reported for March in the <em>Weekly Natural Gas Storage Report</em> (WNGSR). Out of the 20 largest reported March withdrawals, 5 have occurred since 2014, including last week’s (week ending March 1, 2019) reported net withdrawal of 149 Bcf.

U.S. natural gas production hit a new record high in 2018

(Thu, 14 Mar 2019) U.S. natural gas production grew by 10.0 billion cubic feet per day (Bcf/d) in 2018, an 11% increase from last year. The increase was the largest annual volumetric growth on record and reached a record high for the second consecutive year. U.S. natural gas production measured as gross withdrawals averaged 101.3 Bcf/d in 2018, the highest volume on record. U.S. natural gas production measured as marketed production and dry natural gas production also reached new highs at 89.6 Bcf/d and 83.4 Bcf/d, respectively.

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