Energy Markets Face Challenges as Brazil Adjusts to Russian Ban, Northeast Gas Tightens, and California and Texas Address Supply Issues

Brazil adjusting to ban on Russian refined products, putting pressure on diesel imports
Northeast gas market under pressure as Cove Point LNG maintenance wraps up
California ISO to discuss challenging July evenings with tight electricity supply
Texas PUC meeting on ERCOT issues like energy efficiency and reliability
Overview of recent events in Americas energy markets

spglobal.com

Relevant topic timeline:

9/12/2023

Gas Prices Face Volatility This Winter Amid Australian Strikes and Uncertainty Over Russian Supply

European gas markets are expected to experience more volatility and higher prices as preparations for the winter heating season are underway, with disruptions caused by strikes at major liquefied natural gas (LNG) facilities in Australia leading to increased competition for LNG from other suppliers in Asia and Europe.

9/15/2023

Freeport LNG Facility Returns to Full Power After Brief Outage Disrupts US LNG Exports

Freeport LNG, the second largest liquefaction facility in the US, experienced disruptions and canceled cargoes due to a slowdown in feedgas intake, while global gas markets face challenges from rising Chinese consumption, European market volatility, and potential disruption in Russian pipeline gas to Europe.

9/26/2023

Russia Temporarily Bans Fuel Exports, Risking Higher Prices and Supply Shortages

Russia's temporary ban on diesel and gasoline exports could worsen global diesel shortages and increase crude and middle distillate prices ahead of winter, a move that some analysts believe is an attempt to weaponize energy and disrupt global energy markets.