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Released June 04, 2024 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
REFINED PRODUCTS
EIA: U.S. Diesel Demand in March Lowest in 26 Years - U.S. diesel demand fell to its lowest seasonal level in March since 1998, data from the U.S. Energy Information Administration (EIA) showed on Friday. Products supplied of distillate, the EIA's measure of demand, fell more than 6% from February to 3.67 million barrels per day in March, the lowest for the month since 1998. (Reuters)
LNG
U.S. LNG Exports Rise in May - U.S. liquefied natural gas (LNG) exports jumped to 7.60 million metric tons in May from 6.19 million metric tons in April and just below the 7.61 million tons exported in March, LSEG data showed. There have been maintenance activities at some plants, as well as at Freeport LNG (Houston, Texas, due to mechanical problems that led to three of its processing units going offline for almost two months, contributing to a decline through April. Freeport LNG, which can produce 15 million metric tons per annum, returned to full production on May 10. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Plant Database can click here for the plant profile. (Reuters)
POWER
Operator: New England Grid Prepared for Summer Power Demand - The New England electricity grid is set to meet peak electricity demand this summer, even if extended hot weather causes demand to spike, the ISO New England (ISO-NE) said on Monday. Under typical weather conditions, the grid operator expects electricity demand to touch 24,553 megawatts (MW) but warmer-than-average weather could increase that forecast to 26,383 MW, ISO-NE said in a statement. However, while this would tighten supply margins, "the ISO is prepared to take steps to maintain the region's power system reliability if needed," it added. In total, the ISO-NE expects to have available around 30,000 MW of capacity for the New England region, pulling from a mix of resources including natural gas, nuclear power, renewable energy and electricity imported from New York and Canada. (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 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).
REFINED PRODUCTS
EIA: U.S. Diesel Demand in March Lowest in 26 Years - U.S. diesel demand fell to its lowest seasonal level in March since 1998, data from the U.S. Energy Information Administration (EIA) showed on Friday. Products supplied of distillate, the EIA's measure of demand, fell more than 6% from February to 3.67 million barrels per day in March, the lowest for the month since 1998. (Reuters)
LNG
U.S. LNG Exports Rise in May - U.S. liquefied natural gas (LNG) exports jumped to 7.60 million metric tons in May from 6.19 million metric tons in April and just below the 7.61 million tons exported in March, LSEG data showed. There have been maintenance activities at some plants, as well as at Freeport LNG (Houston, Texas, due to mechanical problems that led to three of its processing units going offline for almost two months, contributing to a decline through April. Freeport LNG, which can produce 15 million metric tons per annum, returned to full production on May 10. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Plant Database can click here for the plant profile. (Reuters)
POWER
Operator: New England Grid Prepared for Summer Power Demand - The New England electricity grid is set to meet peak electricity demand this summer, even if extended hot weather causes demand to spike, the ISO New England (ISO-NE) said on Monday. Under typical weather conditions, the grid operator expects electricity demand to touch 24,553 megawatts (MW) but warmer-than-average weather could increase that forecast to 26,383 MW, ISO-NE said in a statement. However, while this would tighten supply margins, "the ISO is prepared to take steps to maintain the region's power system reliability if needed," it added. In total, the ISO-NE expects to have available around 30,000 MW of capacity for the New England region, pulling from a mix of resources including natural gas, nuclear power, renewable energy and electricity imported from New York and Canada. (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 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).
