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China’s crude oil imports decreased from a record as refinery activity slowed

Slower oil demand growth in 2024 led to less crude oil processed by China’s refineries and fewer crude oil imports compared with the record high set in 2023. China, the world’s largest importer of crude oil, received 11.1 million barrels per day (b/d) in 2024, down from 11.3 million b/d in 2023. Even though total imports decreased about 2%, imports from some countries increased while others decreased.
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Official

Recent cold snap results in fourth-largest withdrawal from underground natural gas storage

Colder-than-normal temperatures across much of the United States in mid-January increased natural gas consumption, resulting in the fourth-largest reported weekly withdrawal from natural gas storage in the Lower 48 states, according to our Weekly Natural Gas Storage Report (WNGSR). During the week ending January 24, 2025, stocks fell by 321 billion cubic feet (Bcf), which was nearly 70% more than the five-year (2020–24) average withdrawal for the same week in January. With withdrawals in January totaling nearly 1,000 Bcf, U.S. natural gas inventories are now 4% below their previous five-year average after being 6% above the five-year average at the
StormPrep
Official

Biden-Harris Administration, NOAA invest $15 million to help protect Western U.S. communities from wildfire

The Department of Commerce and NOAA announced today that approximately $15 million has been provided through the Bipartisan Infrastructure Law to construct and deploy a new suite of fire weather observing systems in high-risk locations in the Western United States to support wildfire prediction, detection and monitoring. The investments support four distinct but related components of a regional fire weather observing system that relies on different technologies and approaches with the goal of improving wildfire prediction, detection and monitoring from the regional to local scales.  “Catastrophic wildfires threaten the lives and livelihoods of many communities across the country, which is
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