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Market Snapshot for November 28, 2022

Natural Gas News: Freeport LNG targets mid-December restart for Texas export plant. U.S. liquefied natural gas (LNG) company Freeport LNG said it was targeting a mid-December restart for its Texas export plant, which has been shut for six months after a fire, pending regulatory approval. Freeport, the second-biggest U.S. LNG export facility, closed in June…

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Great Lakes Green Shipping Corridor

American and Canadian officials announced plans to establish a green shipping corridor along the Great Lakes and St. Lawrence River that relies on zero-emission fuels and technologies to reduce or eliminate emissions. https://www.nny360.com/news/stlawrencecounty/great-lakes-st-lawrence-green-corridor-initiative-announced-at-u-n-conference/article_4f40d19a-39b9-508b-aece-e91dfc3bf28f.html

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EIA: US Heating Oil Prices 65% Higher

U.S. heating oil prices were 65% higher this October than in October of last year, according to our Heating Oil and Propane Update (HOPU). Residential heating oil prices rose to an annual high of $5.90 per gallon (gal) on November 7, 2022, because of tight inventories, low imports, and limited production capacity. The complete story >>

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