- Analyst Insight
ONEOK To Expand Elk Creek NGL Pipeline
To accommodate growing NGL volumes in the Williston basin, ONEOK plans to expand their Elk Creek NGL pipeline to 400 Mbbl/d.
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.
- Analyst Insight
Rig Count Continues To Slide, Falls Below 650 For First Time Since Early 2022
The slow decline for US oil and gas rig count continued this week, with total rig count at 642 for the week ending August 18, a decline of 12 vs. a week ago according to Baker Hughes.
- Blog
Building the Perfect Beast - Energy Transfer Continues Its Expansion With Crestwood Deal
Over the past four years, Energy Transfer (ET) has completed several major acquisitions, all aimed at giving the company the additional size and reach it will need to compete in an increasingly consolidated midstream sector.
- Analyst Insight
Re-Exports of Canadian Heavy Crude Oil from the Gulf Remain Near Record Levels
Canadian re-exports of heavy crude oil - those sourced and exported from Canada to the U.S. and then exported from the U.S. to other nations - have held at very strong levels in the past four months above 200 Mb/d.
- Blog
King Creole, Part 3 - Venture Global Becomes LNG Leader as Calcasieu Pass Commissioning Drags On
Venture Global reached a final investment decision (FID) on Plaquemines LNG Phase 1 in March 2022, making it the first new LNG project to get the green light post-COVID and kicking off a massive expansion period for U.S. LNG. In fact, more than 61 million tons per annum (MMtpa) of new U.S.
- Analyst Insight
Energy Transfer to Acquire Crestwood Equity Partners
Hot on the heels of their Lotus Midstream acquisition, Energy Transfer (ET) and Crestwood Equity Partners (Crestwood) announced that the two have entered into a definitive, all-equity merger agreement valued at approximately $7.1 Billion.
- Analyst Insight
U.S. Propane Stocks Increase by 671 Mbbl, 1.8 MMbbl Less Than Industry Expectations
Total U.S. propane/propylene inventories build below expectations and the average build for the week as exports seesaw.
- Analyst Insight
Exports Rise to 3.74 MMb/d in June, the Netherlands Top Buyer: U.S. Census Bureau
The Netherlands was the top buyer of U.S. crude oil in June for the second straight month.
RBN Crude Oil TradeView
Crude Oil TradeView provides up-to-date data and insights into the behavior of differentials for 33 crude assessments across North America. Each week, it also walks you through the reasoning of why differentials widen, narrow, flip (premium vs. discount), or blow out.
- Analyst Insight
Louisiana Region Loads Highest Weekly Volumes of Crude Oil in 4 Months
Crude oil exports from the U.S. Gulf Coast rose by 342 Mb/d to 3.6 MMb/d for the week ended August 11. While cargoes at Corpus Christi crossed 2 MMb/d, Louisiana-area terminals loaded a robust 750 Mb/d, or 5.3 MMbbl – the highest in four months.
- Blog
Bill and Todd's Excellent Propane Adventure - Where the Market Stands as Heating Season Looms
It may be hard to believe, given the furnace-like temperatures that many of us have been dealing with the past few weeks, but the 2023-24 propane heating season is on the horizon — its official start is October 1, only seven weeks away.
