RBN’s Daily Energy Blog and Insights sharpen your energy IQ through fundamentals-based analysis that makes sense of North America’s energy market dynamics.
U.S. export LNG projects are typically supported by long-term sales and purchase agreements signed years before production begins. But will the terms that look right for buyers and sellers today remain so in the future? Today, we examine how the market is evolving as conditions change.
Marathon Petroleum is selling a pair of inland refineries — the 105-Mb/d St. Paul Park refinery in Minnesota and the 72-Mb/d Mandan refinery in North Dakota — to CVR Energy. Today, we look at why major refiners are increasingly pointing their investment dollars toward the Gulf Coast.
The Crude Voyager is a weekly analysis of U.S. Gulf Coast loading activity that explains the ebbs and flows of crude loadings, destinations, and geopolitical issues impacting U.S. exports. It outlines the major paths for laden tankers hauling U.S. crude all over the world and reflects the change in tanker departures to the main regions that consume U.S. crude.
Keyera Corp. reported third quarter results on November 10. Q3 was the first quarter that included the Plains assets for the entire quarter. Gross throughput for the Gathering & Processing and Fractionation businesses were up 10% and down 10% year-over-year, respectively.
Pembina Pipeline reported third quarter results on November 5. Pipeline revenue volumes and facility volumes were up year-over-year by 1.7% and 0.7%, respectively, to 2.796 million Boe/d and 867,000 Boe/d.
Enbridge reported its third quarter results on November 6.
Qatar has long been a heavyweight in LNG, but its ambitions now extend well beyond supplying its own cargoes from its own shores. Today, we look at Qatar’s evolving strategy, why U.S. LNG figures prominently in its plans, and what its expanding role could mean for the global battle for market share.
Tourmaline Oil Corp. reported third quarter results on November 4.
Crude Oil TradeView provides up-to-date data and insights into the behavior of differentials for 33 crude assessments across North America. Each week, it also walks you through the reasoning of why differentials widen, narrow, flip (premium vs. discount), or blow out.
Along with most other refiners, Phillips 66 set a company record for adjusted and unadjusted earnings per share, net income and EBITDA in Q3 2026, the company said during its quarterly earnings call.
Surging NGL prices lifted the frac spread 35% in October, though the spread has pulled back in early November.
U.S. LNG feedgas demand rebounded last week as Freeport returned to full operations following an unplanned outage.
Feedgas averaged 19.78 Bcf/d (blue dotted line below) for the week ending November 8, up 0.45 Bcf/d week-on-week.
