The EIA reported that total U.S. propane/propylene inventories had a build of 5.1 MMbbl for the week ended June 20, the largest increase for the 25th week of the year since reporting for the full country began in 2004.
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 Lisa Shidler - Wednesday, 6/25/2025 (1:15 pm)
Parkland Corp. shareholders on Tuesday voted in favor of a US$9.1-billion agreement to be acquired by U.S.-based Sunoco.
By Liz Dicken - Tuesday, 6/24/2025 (11:45 am)
Report Highlight: TradeView Report
In recent weeks, the price differential for Bakken Patoka crude (light sweet crude that is produced in the Bakken Formation in North Dakota and shipped to Patoka, Illinois via the Dakota Access Pipeline ) has strengthened to its highest premium in almost one year (dark blue line in graph below) a
By Lisa Shidler - Tuesday, 6/24/2025 (9:45 am)
Report Highlight: LNG Voyager
U.S. LNG feedgas demand edged lower last week due to a brief unplanned outage at Freeport and slightly lower intake at other terminals. However, feedgas is likely to soar back towards 15 Bcf/d this week as it appears Sabine Pass is restarting after maintenance.
By Christine Groenewold - Tuesday, 6/24/2025 (9:30 am)
Report Highlight: Chart Toppers
The U.S. Gulf Coast 3-2-1 crack spread is currently around $23.67/bbl. The diesel crack led the charge, surging from around $20.95/bbl on June 12 to $28.55/bbl before easing slightly to $27.59/bbl on June 23.
By John Abeln - Monday, 6/23/2025 (3:15 pm)
Report Highlight: NATGAS Permian
Waha natural gas cash prices increased last week, buoyed by an increase in outflows from the region, specifically to the North and East. Outflows to the North averaged 1.92 Bcf/d, up 0.15 Bcf/d week-on-week, driven by rebounding outflows on El Paso, on the route towards the Midcontinent.
By Martin King - Monday, 6/23/2025 (2:30 pm)
First LNG production occurred at the LNG Canada site in Kitimat, British Columbia (BC) this past weekend according to several media reports that confirmed this information with LNG Canada.
By Jeremy Meier - Friday, 6/20/2025 (2:45 pm)
US oil and gas rig count declined for the eighth consecutive week, falling to 554 for the week ending June 20 - a decline of one vs. a week ago according to Baker Hughes data.
By Martin King - Friday, 6/20/2025 (12:45 pm)
For the week of June 20, Baker Hughes reported that the Western Canadian gas-directed rig count fell one to 46 (blue line and text in left hand chart below) and 11 less than one year ago.
By Jason Lindquist - Friday, 6/20/2025 (11:30 am)
Report Highlight: Hydrogen Billboard
The Senate’s version of the budget reconciliation bill, which was released earlier this week, is somewhat more generous to clean-energy initiatives than the House version but retains a provision to effectively end the 45V tax credit for clean hydrogen production.
By RBN Team - Thursday, 6/19/2025 (6:15 pm)
The most hyped-up topic in energy markets recently is the anticipated demand for power required by data centers to enable increased use of artificial intelligence.
By Martin King - Thursday, 6/19/2025 (2:30 pm)
Western Canada’s propane inventories at the end of May (red line and text in left hand chart below) were posted at 3.5 MMbbl, with a stronger than average increase of 0.9 MMbbl versus April and stand 0.7 MMbbl (-16%) below the five-year average (blue line) according to data from the Canada Energy
By Christine Groenewold - Wednesday, 6/18/2025 (1:45 pm)
Report Highlight: U.S. Propane Billboard
The EIA reported that total U.S. propane/propylene inventories had a build of 1.5 MMbbl for the week ended June 13. This build was less than industry expectations for an increase of 2.4 MMbbl and below the average build for the week of 2.1 MMbbl. Total U.S.
By Martin King - Wednesday, 6/18/2025 (1:15 pm)
Based on media reports and updates posted at the LNG Canada website, first production of LNG at the liquefaction site in Kitimat, BC (image below) is expected to begin late this week or on the weekend.
By Martin King - Wednesday, 6/18/2025 (12:00 pm)
The cash price of Western Canada’s natural gas price marker of AECO has struggled in June 2025, despite generally stronger natural gas pricing elsewhere in North America and pending LNG exports off Canada’s west coast.
By Lisa Shidler - Wednesday, 6/18/2025 (10:00 am)
Report Highlight: LNG Voyager
Companies are making headway in their goals to advance U.S. LNG projects with NextDecade making progress on Trains 4 and 5 at the Rio Grande LNG terminal in South Texas.
By Liz Dicken - Tuesday, 6/17/2025 (2:45 pm)
Report Highlight: TradeView Report
Crude oil prices surged as much as 14% intraday on Friday, June 13.
By Christine Groenewold - Tuesday, 6/17/2025 (12:00 pm)
Report Highlight: Chart Toppers
So far for June 2025, the frac spread has averaged $3.08/MMBtu—a 7% decline from May 2025 and a 25% drop compared to the same period last year. This marks the lowest point for the frac spread over the past 12 months.
By John Abeln - Monday, 6/16/2025 (3:30 pm)
Report Highlight: NATGAS Permian
Last week, natural gas production in the Permian Basin ranged from 20.7 Bcf/d to 20.79 Bcf/d, averaging 20.76 Bcf/d, down 0.22 Bcf/d, with lower supply receipts on El Paso Pipeline.
