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.
Could the US end up exporting 700 MMb/d of crude to Canada by the end of the decade? Despite static domestic refinery demand and a growing production surplus, Canadian imports of crude increased this year. How could that be?
Expanding Western Canadian Oil Sands production is currently butting up against pipeline constraints to move the crude to markets in the US and beyond. The result is painful price discounts for producers and an increased inventory of crude in storage at the Edmonton and Hardisty hubs in Alberta.
Output of naphtha range material such as plant condensates and natural gasoline in the Ohio section of the Utica shale is increasing rapidly as new processing and fractionation capacity in the region comes online. Output of field condensate from the wellhead is also expected to take off in 2014.
So far in 2013 around 645 Mb/d of new crude oil pipeline capacity has opened up to ship supplies to the Texas Gulf Coast. Early this month (December) line fill starts on the largest new capacity addition to date – the 700 Mb/d Keystone Gulf Coast Pipeline.
The golden years of natural gas abundance in which we find ourselves are sparking tremendous enthusiasm among potential users of the fuel, from power generators to major industrial companies, to exporters both current and potential. After all, a trifecta of cheap, abundant, and clean is har
The northern corn-belt states are winding down from a very wet bumper crop of corn which has required a lot of grain drying, fired by propane. That has translated into a shortage of propane supplies – so much so that seven governors recently issued emergency orders to expedite propane deliv
Western Canadian producers regularly have to swallow large price discounts for heavy crude versus the US benchmark West Texas Intermediate (WTI). During the first week of November price discounts for heavy Western Canadian Select crude versus WTI came close to $42/Bbl – the deepest since 2007.
Alaska officials, concerned the state’s once-dominant role in U.S.
NATGAS Billboard is a daily, early morning email and report that provides an up-to-the-minute view of the natural gas market outlook, including storage injections/withdrawals and price. Billboard’s models incorporate pipeline flow data, weather models, electricity demand data and more.
When over 4 MMb/d of new crude transportation capacity opens up to the Texas Gulf Coast by the end of 2015 shippers are likely to face congestion getting their supplies to refiners in the region. Given the U.S.
The CME natural gas futures market has been trading in a narrow 40 cent range between $3.40/MMBtu and $3.80/MMBtu since the end of the summer. The onset of winter and the first storage withdrawals last week (according to EIA) have done little to jump start prices.
