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.
The U.S. has committed billions of dollars over the last couple of years to clean-energy initiatives, everything from advanced fuels and carbon-capture technology to renewable energy and electric vehicles. The “all-of-the-above” approach also includes clean hydrogen, whose development the U.S.
Worried about 2023? Well, you’ve got good reason to be.
Senior refining executives were called to Washington, DC, in June, around the time U.S. gas prices hit their high-water mark for the year, as the government sought recommendations about how to increase the supply of gasoline.
You probably won’t be surprised to hear that we believe the Permian Basin is set for another year of crude oil and natural gas production growth. Everyone’s come to expect that from the Permian.
Since 2019, more than 1.3 MMb/d of U.S. refinery capacity has been either shut down for economic reasons or converted to renewable diesel production.
Since the advent of the Shale Revolution way back in 2008, U.S. production of natural gas liquids from gas processing has grown pretty much non-stop, from an annual average of 1.8 MMb/d 15 years ago to 5.9 MMb/d in 2022 — a 9% compound annual growth rate.
Tallgrass Energy last month snagged an early Christmas present: It won a bid for Ruby Pipeline, the beleaguered Rockies-to-West Coast natural gas system that has long been underutilized and cash-poor.
While soaring commodity prices have been the most important driver of record E&P cash flow generation over the past 12 months, shareholders have also benefited from a new, post-pandemic financial discipline that has lowered the industry’s reinvestment rate to an all-time low of 35%.
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.
Over the past few years — and with a big boost from Permian production growth — the South Texas coast has transformed itself into a top-tier hub for hydrocarbons. Crude oil exports stand out, of course, with marine terminals in Corpus Christi/Ingleside accounting for 60% of U.S.
In a part of the world where enduring a cold winter is often seen as a badge of honor, the latest cold blast that descended on Canada just before Christmas — and during Christmas in the U.S. — was another one for the natural gas record books.
