Analyst Insights

Analyst Insights are unique perspectives provided by RBN analysts about energy markets developments. The Insights may cover a wide range of information, such as industry trends, fundamentals, competitive landscape, or other market rumblings. These Insights are designed to be bite-size but punchy analysis so that readers can stay abreast of the most important market changes.

By Jason Lindquist - Friday, 5/24/2024 (9:30 am)

A $680 million investment by JPMorgan using tax-equity financing, enabled by provisions in 2022’s Inflation Reduction Act (IRA), will help fund the completion of a pair of large-scale solar/storage projects being developed by Ørsted in the Southwest, the clean energy developer said May 23.

By Sheela Tobben - Thursday, 5/23/2024 (8:30 am)

The U.S. Department of Energy is offering nearly 1 MMbbl of gasoline from its Northeast Gasoline Supply Reserve (NGSR) in a sale that seeks to lower pump prices as Americans prepare for summer driving season, the highest fuel demand period of the year. 

By RBN Team - Wednesday, 5/22/2024 (4:00 pm)
Report Highlight: U.S. Propane Billboard

The EIA reported total U.S. propane/propylene inventories recorded a build of 2.25 MMbbl for the week ended May 17, which was slightly below the average of industry expectations for an increase of 2.7 MMbbl but above the 1.8 MMbbl average build for the week. Total U.S.

By RBN Team - Wednesday, 5/22/2024 (12:15 pm)
Report Highlight: LNG Voyager

The next North American LNG project to reach a final investment decision (FID) will likely be in Western Canada.

By Taylor Noland - Tuesday, 5/21/2024 (1:00 pm)
Report Highlight: Crude Voyager

Crude oil loadings across the U.S. Gulf Coast dropped to 3.7 MMb/d last week from 3.9 MMb/d the previous week, shifting the 4-week moving average (blue line in chart below) to 3.9 MMb/d. Last week’s average was 478 Mb/d below the Q1 2024 average.

By Taylor Noland - Tuesday, 5/21/2024 (12:45 pm)
Report Highlight: Crude Oil Permian

Crude oil flows from the Permian Basin to the U.S. Gulf Coast reached a record high in December 2023 at 5.64 MMb/d (see graphic below), according to our Crude Oil Permian report.

By Albert Marc Passy - Tuesday, 5/21/2024 (9:30 am)

The much-delayed expansion of the Trans Mountain Pipeline (TMX) has reached the finish line with the arrival of an Aframax tanker at the Westridge Marine Terminal in Vancouver, BC.  The vessel is capable of loading nearly 800 Mbbl, but is expected to depart with only

By Kristen Holmquist - Tuesday, 5/21/2024 (9:00 am)

US propane prices continue to tumble relative to crude as propane production continues to increase dramatically and export terminals start to fill.  According to the Energy Information Administration (EIA), propane/propylene production has increased 12% since early February, reaching 2.8 MMb/d fo

By Sheela Tobben - Monday, 5/20/2024 (3:15 pm)

Enbridge Inc has concluded an open season to recontract up to 50 Mb/d of existing capacity on its Express Pipeline after term commitments ended. The open season began April 11 and ended May 15, and service agreements are expected to be signed by end-May.

By John Abeln - Monday, 5/20/2024 (3:15 pm)
Report Highlight: NATGAS Permian

After plumbing multi-year lows in the first half of the month, Waha cash gas prices rebounded significantly last week, even turning positive for three days according to data from Natural Gas Intelligence (NGI).

By RBN Team - Monday, 5/20/2024 (1:00 pm)

Of course it’s all about the Permian – the basin that everybody knows is responsible for the crude oil shale revolution. But to see it play out graphically is still pretty amazing – see below. The grey line is production from legacy basins – 3.8 MMb/d in 2009, drifting off to 3.3 MMb/d so far thi

By Jeremy Meier - Friday, 5/17/2024 (3:15 pm)

US oil and gas rig count was up slightly to 604 for the week ending May 16, up one vs. a week ago according to Baker Hughes. Rigs were added in the Anadarko (+2), Haynesville (+1) and Gulf of Mexico (+1), while the Permian (-2) and Eagle Ford (-1) both lost rigs.

By Kristen Hays - Friday, 5/17/2024 (11:45 am)

Navigator Holdings is planning a clean ammonia export project along the U.S. Gulf Coast. Executives said this week that Navigator has committed $2.5 million in initial funding with more to come when the company moves toward a final investment decision (FID) and construction.

TMX System; Source: Government of Canada
By Sheela Tobben - Thursday, 5/16/2024 (1:00 pm)

Since the long-awaited Trans Mountain Pipeline Expansion  (TMX) began service in early May, sales of crude cargoes loading at its Westridge docks near Vancouver, BC, have expanded from direct deals between buyers and sellers (bilateral) to brokered ones.

By RBN Team - Wednesday, 5/15/2024 (2:00 pm)
Report Highlight: U.S. Propane Billboard

The EIA reported total U.S. propane/propylene inventories recorded a build of 2.9 MMbbl for the week ended May 10, which was above the average of industry expectations for an increase of 2.4 MMbbl and the 1.9 MMbbl average build for the week. Total U.S.

By Jason Lindquist - Wednesday, 5/15/2024 (7:00 am)
Report Highlight: Hydrogen Billboard

Plug Power has received a conditional commitment for a loan guarantee worth up to $1.66 billion from the Department of Energy (DOE) to finance the development, construction and ownership of up to six green hydrogen production facilities, the company and the DOE said in separate announcements May

By Taylor Noland - Tuesday, 5/14/2024 (1:00 pm)
Report Highlight: Crude Voyager

Crude oil loadings across the U.S. Gulf Coast increased to 3.9 MMb/d last week from 3.8 MMb/d the previous week, resulting in a shift of the 4-week moving average (blue line in chart below) to 4 MMb/d. Last week’s average was 222 Mb/d below the Q1 2024 average.

By John Abeln - Monday, 5/13/2024 (3:15 pm)
Report Highlight: NATGAS Permian

Last Tuesday (May 7) marked the 200th anniversary of the premiere of Ludwig von Beethoven’s famous Ninth Symphony.

By Kristen Hays - Monday, 5/13/2024 (2:15 pm)

ONEOK will acquire about 450 miles of natural gas liquids (NGLs) and hydrocarbon pipelines in Southeast Texas from Easton Energy for $280 million in a deal slated to close in mid-2024, pending regulatory approvals, both companies said Monday (5/13).

By RBN Team - Monday, 5/13/2024 (1:15 pm)

Crude production has been flatter than a pancake, natural gas is down, and NGLs are up – but as you might expect, only in one basin – the Permian.  Even so, there are a dozen natural gas pipeline projects in the works, a handful of new LNG export facilities along with a half dozen NGL pipes, seve