U.S. Tops The Global LNG Market Amid A Renewable Energy Boom

The U.S. is adding new renewable energy capacity at a record clip, but that doesn’t mean it’s ready to quit fossil fuels just yet. The country just became the world’s biggest exporter of liquefied natural gas (LNG) for the first time ever, with last year’s shipments hitting an unprecedented 91.2 million metric tons, exceeding top suppliers Australia and Qatar.

The surge in LNG exports, primarily driven by Freeport LNG’s return to full service and robust global demand, particularly from Europe, signifies America’s pivotal role in the global energy market.

The U.S. also remains the world’s largest oil producer. In October, the energy powerhouse generated a staggering 13.25 million barrels per day, marking only the fourth month on record that the country met or surpassed 13 million barrels per day on average.

Updated Period Table Of Commodities Returns

It’s against this backdrop that we share with you our always-popular, interactive Periodic Table of Commodities Returns, updated to reflect 2023 data.

Commodities as a whole had a challenging year, with the group finishing down 12.55% due to a number of factors, including rising rates, recession fears and China’s disappointing pandemic reopening.