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.
On Thursday, November 20, the ratio of ethane to natural gas hit its lowest point since 2005 – ethane only 64% of natural gas on a BTU basis. According to OPIS, the price of ethane in Mont Belvieu was 19.25 cents/gallon while natural gas at Henry Hub was $4.49/MMbtu.
RBN has been in the blogging business for almost three years, and ever since we started these postings one of the most frequent complaints we’ve heard is that “It doesn’t work on my iPhone”. Finally we are fixing that, and many more things too. But as with anything new delivered by in
The economics of natural gas production in the dry Marcellus, the wet Marcellus and the Utica are so favorable—and the shale gas resource so bountiful—that the only real limit on how much the Marcellus/Utica plays can produce is the capacity of the pipeline network in the Northeast and neighborin
With Western Canadian oil sands bitumen output increasing rapidly, producers need more diluent to blend with their production so that it can flow to market in pipelines. That means delivering diluent to remote locations as far as 250 miles northwest of Edmonton.
Kinder Morgan expect to commission the first 50 Mb/d of condensate splitter capacity at their Galena Park terminal in Houston during the next month. The capacity is leased to BP North America and will be supplied with condensate via Kinder’s Eagle Ford pipeline gathering network.
The price discount for Canadian heavy crude benchmark Western Canadian Select (WCS) sold in Hardisty, Alberta versus Gulf Coast equivalent heavy grade Maya has narrowed from $35/Bbl last November to less than $12/Bbl today.
A drum we have been beating with some regularity here at RBN is that, thanks to fast-rising production in the Eagle Ford, Permian, Marcellus/Utica and other “wet” natural gas plays, the US is awash in ethane and will become even more so.
Current analysis of how Western Canadian producers can find supplies to meet a growing need for diluent material to blend with their heavy crude and bitumen suggest that up to 485 Mb/d of imports will be needed by 2019.
Crude Oil Permian provides detailed analysis of the fundamental drivers impacting the Permian Basin crude oil market including weekly data, analysis and market intelligence updates of: Permian crude oil supply and demand, pipeline outflows and capacity, prices, and infrastructure updates.
We enter the natural gas winter this November after a record-breaking storage season that saw 2.75 Tcf of summer surplus squirreled away into underground storage. That surplus resulted from record breaking U.S. production exceeding lower summer demand.
Last week Eagle Ford producer BHP Billiton – apparently tired of waiting for a ruling from the Department of Commerce Bureau of Industry and Security (BIS) – decided to export a cargo of processed condensate that they have “self-classified” as refined product – meaning it is not subject to U.S.
