U.S. LNG celebrated another victory in April for exporting the most cargoes in one month, beating out March’s record.
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, 5/05/2025 (3:00 pm)
Report Highlight: NATGAS Permian
Permian gas production ticked higher last week as recent pipeline maintenance on Permian Highway wrapped up, allowing flows to normalize and prices to recover. April production averaged lower than March, but volumes have already bounced back this month with fewer midstream constraints.
By Liz Dicken - Monday, 5/05/2025 (2:00 pm)
Report Highlight: TradeView Report
Crude oil markets experienced another episode of heightened volatility last week, adding to a series of turbulent periods so far in 2025.
By RBN Team - Monday, 5/05/2025 (8:45 am)
Report Highlight: TradeView Report
WTI and Brent prices crashed (again!) last week with WTI marking a loss of $(4.73)/bbl to close out at $58.29/bbl on Friday, while Brent dropped a steeper $(5.58)/bbl to land at $61.29/bbl. For both markers, it was the lowest end of week close since the first week of February 2021.
By Jeremy Meier - Friday, 5/02/2025 (3:00 pm)
US oil and gas rig count posted a weekly decline on the first week of the new month, falling by three rigs to 584 for the week ending May 2 according to Baker Hughes data.
By Martin King - Friday, 5/02/2025 (2:00 pm)
For the week of May 2, Baker Hughes reported that the Western Canadian gas-directed rig count fell one rig to 46 (blue line and text in left hand chart below), 14 less than one year ago and remained within the five-year range.
By Jason Lindquist - Friday, 5/02/2025 (9:45 am)
Report Highlight: Hydrogen Billboard
Air Products will delay its $4.5 billion blue hydrogen project (see graphic below) in Louisiana until 2028 or 2029 as it looks to derisk the project, CEO Eduardo Menezes said during the company’s quarterly earnings call on Thursday.
By RBN Team - Thursday, 5/01/2025 (3:15 pm)
ExxonMobil is looking to add a new ethylene plant in Point Comfort, Texas - not far from Formosa's Plastics USA plant.
By Noel Copeland - Thursday, 5/01/2025 (3:15 pm)
In a strategic move to bolster its midstream capabilities, Phillips 66 has announced plans to construct the Iron Mesa natural gas processing plant in the Midland Basin.
By Martin King - Thursday, 5/01/2025 (3:00 pm)
Combined natural gas production of the equity partners in LNG Canada was estimated to be 2.14 Bcf/d in March 2025 (combined height of the rightmost colored bars in chart below), a small gain from 2.09 Bcf/d estimated for February, and 0.13 Bcf/d higher than one year ago.
By Martin King - Wednesday, 4/30/2025 (2:00 pm)
Alberta’s crude oil output in March 2025 reached a record high for the month at 4.19 MMb/d (rightmost blue column and text in chart below), 0.15 MMb/d above one year ago (itself the prior record holder for March), up 0.17 MMb/d from February and the fourth highest monthly output on record.
By Christine Groenewold - Wednesday, 4/30/2025 (1:30 pm)
Report Highlight: U.S. Propane Billboard
The EIA reported that total U.S. propane/propylene inventories had a build of 576 Mbbl for the week ended April 25. That was less than industry expectations for an increase of 1.9 MMbbl and the average build for the week of 769 Mbbl. Total U.S.
By Liz Dicken - Tuesday, 4/29/2025 (2:00 pm)
Report Highlight: TradeView Report
Last week marked the expiration of the May WTI contract at $64.31/bbl April 22, and the conclusion of the May pipeline shipping cycle three days later April 25.
By Kristen Holmquist - Tuesday, 4/29/2025 (1:45 pm)
Reuters reported early on April 29 that China has decided to drop its 125% recipricol tariff on ethane imports. This comes after at least one cargo for ethane was scrapped following the implementation of the tariffs.
By Liz Dicken - Tuesday, 4/29/2025 (10:45 am)
Report Highlight: Crude Voyager
The Louisiana Offshore Oil Port (LOOP), the only terminal in the U.S. capable of fully loading a Very Large Crude Carrier (VLCC), continued to experience a decline in its share of the crude oil export market in the first quarter of 2025.
By Lisa Shidler - Tuesday, 4/29/2025 (10:15 am)
Report Highlight: LNG Voyager
U.S. LNG feedgas demand dropped again last week, driven by lower intake at Sabine Pass and Corpus Christi.
By RBN Team - Tuesday, 4/29/2025 (10:00 am)
After hitting a two-year high on March 10 of $4.49/MMbtu, the Henry Hub front month futures price crashed, falling below $3/MMbtu on Friday, April 25. The weekly EIA storage report was blamed for the most recent decline, with working gas in storage coming in at 1,934 Bcf as of April 18. That was
By Christine Groenewold - Tuesday, 4/29/2025 (9:15 am)
Report Highlight: Chart Toppers
The U.S. Gulf Coast 3-2-1 crack spread is currently around $23.72/bbl. The diesel crack led the rally, climbing from just above $22/bbl to about $26/bbl.
By John Abeln - Monday, 4/28/2025 (3:30 pm)
Report Highlight: NATGAS Permian
Production in the Permian dipped midweek as maintenance on Permian Highway cut pipeline capacity out of the region. However, supply rebounded strongly over the weekend, pushing back above 21 Bcf/d.
By Jeremy Meier - Friday, 4/25/2025 (3:15 pm)
US oil and gas rig count gained two rigs vs. last week, climbing to 587 for the week ending April 25 according to Baker Hughes data. One rig each was added in the Haynesville and Anadarko, while all other basins were unchanged for the week.
