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
Natgas Prices Driven Higher This Week by Expected Summer Heat, But Contract Falls Friday on Cooler Forecast
Forecasts calling for above-average temperatures drove natural gas prices higher this week, with the Henry Hub July contract settling Friday at $2.254/MMbtu, up 8.2 cents from last Friday’s close.
- Analyst Insight
US Rig Count Declines Slightly For Week Ending June 9
US rig count was relatively unchanged for the week ending June 9, falling by one rig vs. a week ago for a total of 695 according to Baker Hughes. Rigs were added in the Anadarko (+1) and All Other (+2), while the Permian (-2) and Haynesville (-2) both lost rigs.
- Blog
Big in Japan - AltaGas, Vopak Look to Expand Propane Exports from Canada’s West Coast
Canada has been exporting propane from marine terminals in British Columbia (BC) to Asian markets since May 2019 and, despite modest propane production volumes, it has become an integral part of the global market — Japan, for example, depends on Canada for one-ninth of its LPG.
- Blog
What I Like About Texas - E&P Consolidation Continues in the Permian and Eagle Ford
The headwinds facing producers in the Permian, the Eagle Ford and other shale plays are trimming the valuations of oil and gas assets and making it easier for deep-pocketed acquirers and private-equity-backed sellers to reach deals.
- Analyst Insight
Global Crude Oil Inventories to Fall After OPEC+ Cuts: EIA
Global oil inventories are expected to fall over the next five quarters, the EIA said in its latest Short Term Energy Outlook (STEO), which was released just two days after the OPEC+ announcement that it would extend its production cuts through 2024 and Saudi Arabia decision to voluntary cut product
- Analyst Insight
U.S. Crude Oil Exports Estimated at 3.5 MMb/d for May
Crude oil exports from the Gulf Coast in May were estimated at 3.5 MMb/d, down 16% from the previous month and the lowest since January.
- Analyst Insight
Propane Inventory Build Below Industry Expectations as Exports Increase
U.S. propane inventories increased but were below industry expectations while weekly exports of propane were stronger, up 168 Mbbl/d from last week.
RBN Crude Voyager
The Crude Voyager is a weekly analysis of U.S. Gulf Coast loading activity that explains the ebbs and flows of crude loadings, destinations, and geopolitical issues impacting U.S. exports. It outlines the major paths for laden tankers hauling U.S. crude all over the world and reflects the change in tanker departures to the main regions that consume U.S. crude.
- Blog
(Gulf) Deep, Mountain High - The Race to Build Texas's First Offshore Crude Export Terminal
As we see it, 2023 will be another strong year for U.S. crude oil exports, driven in large part by rising domestic production. Upstream companies in the Permian and other U.S.
- Analyst Insight
Canadian Gas Prices Continue to Fade Amidst Oversupplied Markets
AECO prompt month contract prices have wilted to lows not seen since 2019 under the persistent lack of weather related demand for this time of year, gas storage highs not seen since 2016, and rebounding production as the threat from Alberta wildfires continues to fade.
