The differential in the price of WTI crude oil in Corpus Christi, TX and WTI crude oil in Midland, TX has been volatile for more than a year, with more recent differential action pointing to persistent tightness in available pipeline capacity to ship crude from Midland to Corpus (red dashed recta
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 John Abeln - Monday, 4/21/2025 (3:30 pm)
Report Highlight: NATGAS Permian
Permian gas production rebounded slightly last week as Gulf Coast Express came back online following scheduled maintenance that ended April 15.
By Martin King - Monday, 4/21/2025 (12:30 pm)
Natural gas production in Western Canada has been extremely robust as part of a gradual upward push underway since late 2024.
By Taylor Noland - Monday, 4/21/2025 (11:00 am)
Report Highlight: Crude Oil Permian
Permian Basin crude oil flows to Houston extended their recovery in December, rebounding from the sharp June 2024 decline — the lowest volume since September 2023 (see chart below) — according to the latest monthly data from the Texas Railroad Commission.
By Jeremy Meier - Friday, 4/18/2025 (3:15 pm)
US oil and gas rig count grew to 585 for the week ending April 17 according to Baker Hughes data, a gain of two vs. a week ago. Three rigs were added in Appalachia, while the All Other group fell by one rig. All other basins were flat this week.
By RBN Team - Friday, 4/18/2025 (2:15 pm)
The announcement by Valero to shutter its Benicia refinery by April 2026 may have come as a surprise to city leaders, but it fits with recent trends.
By Jason Lindquist - Friday, 4/18/2025 (9:45 am)
Report Highlight: Hydrogen Billboard
Efforts to reduce greenhouse gas (GHG) emissions in steelmaking via carbon-capture technology and a switch to green hydrogen are unlikely to be economically viable before 2030, steelmaker ArcelorMittal said in its Sustainability Report 2024, which was published April 17.
By John Abeln - Thursday, 4/17/2025 (3:30 pm)
Report Highlight: NATGAS Appalachia
Duke Energy recently filed with the Indiana Utility Regulatory Commission to build two new gas-fired power plants at Cayuga Station in Indiana. The plants would replace existing coal-fired generation and would be able to provide up to 1,510 MW of power.
By Noel Copeland - Thursday, 4/17/2025 (2:15 pm)
It’s been a long, winding road for Enbridge’s Line 5, the 645-mile 540 Mb/d pipeline that’s been moving light crude and NGLs from Superior, WI, to Sarnia, ON, for more than seven decades.
By Martin King - Thursday, 4/17/2025 (1:00 pm)
For the week of April 18, Baker Hughes reported that the Western Canadian gas-directed rig count was unchanged at 47 (blue line and text in left hand chart below), 20 less than one year ago and remains within the five-year range.
By TJ Braziel - Wednesday, 4/16/2025 (3:30 pm)
Report Highlight: LNG Voyager
Venture Global has officially begun long-term contractual LNG deliveries from its Calcasieu Pass export terminal, marking a major turning point in the ongoing saga between the company and its heavyweight European offtakers.
By Christine Groenewold - Wednesday, 4/16/2025 (3:00 pm)
Report Highlight: U.S. Propane Billboard
The EIA reported total U.S. propane/propylene inventories had a withdrawal of 1.3 MMbbl for the week ended April 11, marking an unusual off-season withdrawal, which was flipped from industry expectations for an increase of 1.3 MMbbl and the average build for the week of 803 Mbbl.
By Lisa Shidler - Wednesday, 4/16/2025 (11:45 am)
Report Highlight: LNG Voyager
Last week, U.S. developers pushed ahead big projects with Energy Transfer announcing a new deal for Lake Charles LNG and NextDecade moving forward on Rio Grande Train 4.
By Christine Groenewold - Tuesday, 4/15/2025 (10:15 am)
Report Highlight: Chart Toppers
Gulf Coast monthly gasoline prices for April 2025 have climbed to 97% of diesel prices—an increase of three percentage points from March—marking their highest level since August 2024.
By Taylor Noland - Monday, 4/14/2025 (2:00 pm)
Report Highlight: Crude Oil Permian
Permian-to-Corpus crude oil flows fell by 41 Mb/d to 2.41 MMb/d in November (see blue line in the graph below), just 50 Mb/d below September’s record, according to the latest monthly data from the Texas Railroad Commission.
By Liz Dicken - Monday, 4/14/2025 (10:00 am)
Report Highlight: TradeView Report
Last week once again brought extreme volatility to the crude oil market, echoing chaos not seen since the COVID era.
By Jeremy Meier - Friday, 4/11/2025 (3:00 pm)
US oil and gas rig count posted its largest week-on-week decline of the year, declining by seven rigs vs. a week ago to 583 for the week ending April 11 according to Baker Hughes.
By RBN Team - Friday, 4/11/2025 (1:30 pm)
Crude oil prices often fluctuate based on the latest geopolitical tealeaves. So far in 2025, the biggest market swings come as a result of announcements by a couple of heavyweights: OPEC and President Trump. In the graph below, the orange line shows Brent prices with major events called out.
