

Do Ya Think I’m Waxy? – Handling Expanding Uinta Basin Crude Production
The strange looking yellow and black waxy crudes produced from the Uinta Basin in Utah since the 1950’s resemble shoe polish at room temperature.
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The strange looking yellow and black waxy crudes produced from the Uinta Basin in Utah since the 1950’s resemble shoe polish at room temperature.
Five large-scale rail terminals planned or being constructed in Western Canada will be able to ship up to 550 Mb/d of crude by 2015. Most of that crude will be headed to the Gulf Coast.
The shale gas revolution has transformed the economics of oil and gas production in the U.S. and its effects have been far reaching ,including reduced dependence on imported oil and gas supplies and strengthening domestic manufacturing through lower energy costs.
Alberta has a serious and still-growing problem with stranded natural gas.
Crude oil throughput volumes at Sunoco Logistics’ Nederland Terminal on the Texas Gulf Coast increased by 35 percent from 690 Mb/d in Q2 2012 to 932 Mb/d in Q2 2013 – that’s nearly a million barrels a day! (Source: Sunoco Logistics earnings call).
At least 5 large-scale rail terminals are being planned or constructed in the heavy oil sands region of Western Canada to increase the volume shipped to the US by rail from about 100 Mb/d this year to more than 550 Mb/d by 2015.
The recent dramatic narrowing of the WTI discount to Brent to around $3/Bbl (from $23/Bbl in February) took place at the same time as Cushing, OK crude inventories fell by 23 percent.
The Transpanama Pipeline (TPP) currently ships up to 600 Mb/d of crude from the Atlantic coast of Panama to the Pacific.
The Canadian NATGAS Billboard is a weekly, early morning email and report that’s designed to keep physical and financial participants informed of the various fundamental components that make up the complex Canadian natural gas market. This service saves readers time and confusion by compiling all the most critical data points into one clear and concise report.
Last week (August 7, 2013) the 3-2-1 crack spread based on NYMEX CME crude and refined product prices that is seen as a proxy for the performance of US refinery margins, reached a two year low. The 3-2-1 crack has fallen 56 percent this year from its high in March.
With TransCanada repurposing their Mainline gas pipeline to ship crude from Western Canada to the East and two new unit train crude loading terminal projects underway in Edmonton and Hardisty, competition between rail and pipelines is intensifying.