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.
Propane has received a lot of airtime in recent months given the Polar Vortex and heavy crop drying demand anomalies coinciding with growing propane export volumes. Now it’s time to show normal butane a little love as normal butane exports almost tripled from this time last year. In J
Energy Information Administration (EIA) data for January 2014 indicates that US crude production has now returned to levels not seen since December 1988. Canadian crude production is also at record levels.
All the export LPGs on the West Coast are in a tank in the middle of Washington State in somebody else’s name. So if you’re dreamin’ about LPG exports, the West Coast is a brand new game. Apologies to Larry Gatlin.
Gulf Coast crude storage is at record levels and looks set to continue growing as new pipeline capacity opens up later this year from Cushing and the Permian Basin.
Last week (ending April 4) the summer 2014 natural gas storage injection season began with a whimper by adding 4 Bcf to empty tanks pummeled by the Polar Vortex. That was a slower than expected start to the Herculean task of replenishing gas stocks before next winter.
With U.S. ethane prices low and ethane rejection expected to continue increasing, interest in exporting liquid ethane is ramping up.
Today the US is producing more natural gas, natural gas liquids (NGLs) and some grades of crude oil hydrocarbons than we can use. Consequently we’ve shifted from an overall position of hydrocarbon shortage to one of surplus.
Growing Canadian production of oil sands bitumen requires diluent to blend it to pipeline flow specifications.
NATGAS Permian is a weekly natural gas fundamentals analysis focusing entirely on the key market drivers within the Permian basin. The report contains details and forecasts around natural gas production, demand, pricing, and a summary of pipeline outflows and capacities from the Permian to neighboring regions.
It is a familiar refrain in the shale era. The U.S. produces more of a hydrocarbon commodity than it can use. This time we are talking ethane, a natural gas liquid that is experiencing production constraints mostly due to the inability of U.S.
Increased refined product exports from US Gulf refineries are being driven by diesel refining margins but a lot of by-product gasoline is being produced as a result. Domestic demand for diesel and gasoline has declined over the past 5 years.
