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.
For the past several years, a potent combination of market developments has incentivized PADD 2/Midwest refiners — and their midstream partners — to move increasing volumes of refined products east.
The arrival of a special, 460-Mbbl shipment of U.S.-sourced naphtha in Venezuela a few days ago underscored a critically important fact, namely that production of Venezuelan heavy sour crude requires steady inflows of imported diluent.
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U.S. rig count remained relatively stable, adding two rigs to reach 546 for the week ending January 30 according to Baker Hughes data. Rigs were added in the Anadarko (+3), Haynesville (+2) and Bakken (+1), while the Permian (-2), Gulf of Mexico (-1) and All Other (-1) declined week-on-week.
Dow has chosen to proceed with an expansion of its Fort Saskatchewan, AB ethane cracker after placing the project on hold earlier in 2025. The result will be a substantial expansion of Alberta's ethane demand by 2031.
Canadian rig counts exhibiting little in the way of momentum up or down; latest BC gas rig count matches the decade low set for the same week in 2022.
Chevron could increase its crude oil production in Venezuela by up to 50% over the next 18 to 24 months, Chairman and CEO Mike Wirth said during the company’s quarterly earnings call on Friday, January 30.
Given the recent media focus on AI and the surge of data center construction, it comes as no surprise that the electric utility industry’s capital investment has risen to record highs.
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Yet another daily record for Western Canada's natural gas production set in late January as the region slowly creeps toward 21 Bcf/d of gas output.
Meta intends to spend at least $115 billion this year, about 60% more than the $72 billion it spent last year as it hurries to boost its data centers and artificial intelligence program, the company said on Wednesday, January 28.
Microsoft is racing to build data centers as quickly as possible and reported on Wednesday (January 28) that it added nearly 1 gigawatt of power in the last three months of 2025. That’s enough to power nearly 800,000 homes.
