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.
Back In the 1980s and 90’s, significant crude imports began to make up for declining US domestic production. During that era supertankers delivering crude to the Gulf Coast provided a kind of floating storage buffer that could absorb downstream disruptions in supply and demand.
Drones first made a name for themselves in the military, not just for their ability to remotely map and monitor but—when properly equipped—to target and kill.
The crude oil market was agog yesterday with a news story broken by the Wall Street Journal that the Department of Commerce Bureau of Industry and Security (BIS) had provided letters of ruling to Pioneer Natural Resources and Enterprise Products Partners that would allow these companies to export
Much of RBN’s forecast 1.4 MMb/d expansion in Canadian crude production between 2014 and 2019 is expected to come from oil sands bitumen in Western Canada. An increasing proportion of this crude has to find its way to refineries configured to process this type of crude on the Gulf Coast.
Growing Mexican demand for natural gas has been seen as a timely boon to Texas gas producers, which have been losing their Northeast and Midwest markets to the Marcellus and Utica.
Over the past two years the volume of crude oil shipped by rail from Canada has increased ten-fold. Data from the Canadian National Energy Board (NEB) for the whole of Canada indicates that average rail crude exports in the first quarter of 2012 were about 16 Mb/d.
As we approach the 238th anniversary of our independence from the UK, is it possible the British Isles are about to become at least a bit dependent on us, natural gas-wise?
There hasn’t been a major new refinery built in the lower 48 since 1976. Now, no less than 5 projects to build new oil refineries are on the drawing boards in North Dakota.
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A number of independent crude producers are testing the potential of the South Central Oklahoma Oil Province—SCOOP, for short—and liking what they see.
Recent seasonal averages on the CME NYMEX Henry Hub natural gas forward curve show just an 8 cents/MMBtu spread between next winter (2014/2015) and this summer (2014) – a number that provides very little incentive for storage injection.
