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.
TransCanada currently owns just over 1 MMBbl of crude storage at Hardisty that is used to stage operations on the existing 580 Mb/d Keystone pipeline to the US.
The golden years of natural gas abundance are off and running, with export projects, new industrial proposals, new power generation use, and expanded transportation use - all building on a perception of long-term abundant supply at reasonable prices. Does it all work out in the end? D
This winter the Northeast US is being blasted with record cold weather. As a result, daily natural gas prices in both New York and New England have spiked more than $30/MMBtu above the US benchmark at Henry Hub, LA.
So you are feeling pretty good about 2014, eh? Stock market on a tear. Most U.S. energy markets relatively stable. Gaps in the oil and gas infrastructure getting filled. Well let’s not get cocky. U.S.
On this, the last day of 2013 we thought it would be interesting to look back at the 250 or so RBN blogs posted this year to see which ones had the highest hit rates. When a blog article gets a lot of hits – some up to 17,000 or more – it tells you something about what is going on in the ma
This year has seen the WTI discount to Brent trading in a range from $23/Bbl in February to less than $1/Bbl in July then back out to $19/Bbl in November. On Friday (December 27, 2013) the WTI discount to Brent was $11.85/Bbl.
NGL volumes continue to climb because of all the surging “wet” shale gas production. These days about 7% of gas plant NGL production is “isobutane”, (also known as IC4, I Grade, methylpropane, R600a, iso and “izo” to our friends in Canada). Over the past two years gas plant production
As North American supplies of natural gas continue to grow, more industrial, commercial, institutional and residential customers who do not burn natural gas for heating or process use want to participate in the economic savings associated with natural gas versus alternate fuels such as heating oi
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.
Hardisty is the largest oil storage hub in Canada with over 21 MMBbl of tank capacity owned by seven companies. The largest player Enbridge has more than 12 MMBbl of storage with the majority being leased to third parties including a sizeable chunk to investment bankers JP Morgan.
If the flood of new crude arriving at the Gulf Coast during the first six months of 2014 overwhelms refiners in the region, then the pricing consequences may very well be quite radical.
