Almost Three Quarters of Florida’s Electricity Generation Comes from Natural Gas

The Sunshine State could also be called the Natural Gas State, according to data recently released by the U.S. Energy Information Administration.

Natural gas accounted for 72 percent of Florida’s electricity generation mix in 2018 – a 25 percent increase from a decade ago when the fuel was used to generate about 47 percent of the state’s electricity, according ...

Source: Energy In Depth

Saudis Scramble To Restore 1/3 Of Disrupted Oil Production Today

Saudi energy giant Aramco said it would have a third of the oil production disrupted in the Saturday drone attacks restored by the end of the day today, MarketWatch reports, adding the full restoration of normal production rates will take several weeks, according to sources familiar with the extent of the damage. The attack, which roiled oil markets and pushed ...

Source: Oilprice.com

Saudis Shut Arab Light Oil Pipeline To Bahrain After Attacks

Saudi Arabia has shut down its 230,000 bpd pipeline carrying Arab Light crude to Bahrain, after this weekend’s attacks took 5.7 million bpd of Saudi oil production—mostly light grades—offline, Reuters reported on Monday, quoting two trade sources. The pipeline with a capacity to ship between 220,000 bpd and 230,000 bpd of Arab Light crude oil from Aramco to Bahrain’s ...

Source: Oilprice.com

Chinese Oil Futures Rally On Saudi Attacks

The prices of China’s crude futures and refined oil surged on Monday as Chinese independent refiners are grappling with rising costs as a direct result of Saturday’s attacks on Saudi oil facilities. The drone strike on Saudi Arabia’s Abqaiq plant and its Khurais oil field on September 14 led to the shutdown of about 5.7 million barrels/day of oil production, ...

Source: Oilprice.com

Platts: Oil Could Test $80 After Attacks In Saudi Arabia

Oil prices could test the US$80 a barrel Brent Crude price, following the attacks on the Abqaiq facility and the Khurais oil field in Saudi Arabia this weekend, S&P Global Platts Analytics said in a note.   The attacks on the Saudi oil facilities sparked a massive fire at a crude processing plant essential to global oil supplies. The closure ...

Source: Oilprice.com

Commodity Tracker: 6 charts to watch this week

Geopolitical risk and oil markets top this week’s pick of energy and commodities themes from S&P Global Platts editors. Plus, Ukraine’s role in European gas supply, steel scrap prices as a bellwether for economies, and a milestone approaches for US LNG exports.

1. Global oil markets on alert after attacks on Saudi oil facilities

 

Saudi Arabia oil infrastructure attacks infographic

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What’s ...


Source: Platts - The Barrel Blog News Feed

An Unprecedented Attack on Saudi Oil Infrastructure

Roughly 5.7 MMbbl/d, more than half of Saudi Arabian crude production, was knocked offline early Saturday morning in a surprise drone attack coordinated by Houthi rebels in Yemen. The attack damaged two major facilities: the Hijra Khurais oil field (one of the country’s largest) and Abqaiq (the world’s biggest crude stabilization and processing facility). With these two targets, the ...

EIA releases plant-level U.S. biodiesel production capacity data

On September 13, the U.S. Energy Information Administration (EIA) released its first annual U.S. Biodiesel Plant Production Capacity Report. The report includes the total biodiesel production capacity for all operating plants in both million gallons per year (gal/y) and barrels per day (b/d) as of January 1, 2019. The names of the reporting plants are organized by Petroleum ...