![]() ![]() The IEA said that, considering the declines in the year to date, demand in the European residential and commercial sector is expected to fall by 4% in 2023. It was last assessed on July 17 at Eur25.65/MWh. The benchmark Dutch TTF month-ahead price averaged Eur44.11/MWh in the first half, according to Platts pricing data by S&P Global Commodity Insights. Gas prices are currently well down compared with the first six months of the year. The new 7% decline forecast, the IEA said, is largely driven by lower gas burn in the power sector, which is seen down by 15% amid rapidly expanding renewables and lower electricity consumption.Īnd gas use in industry is expected to stay close to last year's levels, as lower gas prices enable demand recovery in the second half of the year, offsetting the losses in the first half, it said. In its previous quarterly report in May, the IEA said European gas demand was forecast to decline by 5% to 498 Bcm which was already a revision down from its previous forecast from February of 505 Bcm. In its latest quarterly gas market report published late July 17 alongside its annual gas security review, the IEA said European gas demand is now forecast to fall by 7% year on year in 2023 to 489 Bcm. Venture seeks new ways to drive business success while being steadfast in their commitment to making the world a better place.Receive daily email alerts, subscriber notes & personalize your experience. Through the values lived by the business divisions: U.S. Venture delivers unconventional, creative solutions that give their customers a competitive edge, and enables the company to support the communities in which they live, work, and play. has been recognized as an innovative leader in the distribution of petroleum and renewable energy products, lubricants, tires and parts, and using data-driven insights to manage energy and information in the global movement of goods. Venture, Inc.įor more than 65 years, U.S. Lubricants team is dedicated to providing a best in class customer experience. Lubricants promises the reliable service, agility, and partnership of a small distributor while providing the expertise and experience of a large distributor. Lubricants is a leading lubrication solutions provider offering a wide range of lubricants, lubrication services, and reliability programs for automotive, heavy duty, and industrial business. Thomas in Houston, Texas, and a Bachelor of Arts in Economics from Dillard University in New Orleans. James has a Master of Business Administration from the University of St. Lubricants, I will be working with internal and external business partners to fully leverage our assets to explore specific market opportunities and grow our THRIVE® brand during the next several decades.” “Lubricant companies are in the midst of assessing what the energy transformation means to them in terms of performance and growth,” said James. Prior to Castrol, James was in a general manager position for Shell, serving as an executive leader for all Shell Marine operations across 20 countries in North and South America. In his most recent role at Castrol, James was a senior sales leader for the Western region. Lubricants from Houston with over 20 years of experience and outstanding business development success, new market expansion, and strategic partnerships within the lubricants industry. He is a highly respected leader, and his people-centric leadership style, coupled with his commitment to high performance, make him a natural fit within our organization. “James brings a wealth of experience and knowledge within the lubricants industry. He will provide strategic leadership and direction across the lubricant landscape while building profitable business platforms that will be the catalyst for future growth. As President, James will be responsible for leading and overseeing the vision, strategy, and operations for the lubricants business. James will relocate from Houston, working from corporate headquarters in Appleton, Wisconsin. Venture welcomes a new President to their U.S. Appleton, Wis., J– It is with great enthusiasm that U.S. ![]()
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