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.
Permian crude production increased by 26 percent between January 2012 and May 2013 according to Bentek. Production is now about 1.4 MMb/d - virtually the same as existing pipeline takeaway capacity and local crude consumption.
NYMEX natural gas prices have fallen 16 percent since reaching their high for the year so far of $4.408/MMBtu on April 19, 2013. The NYMEX August contract closed at $3.582/MMBtu on June 27, 2013.The market is currently in the low demand shoulder season.
The new Turner Mason (TMC) study titled “North American Crude and Condensate Outlook” (NACCO) forecasts a high case 8.2 MMb/d increase in crude supplies from US and Canadian production over the next 10 years.
The volume of crude moving out of Corpus by barge and tanker increased from 7 Mb/d in January 2012 to 370 Mb/d in May 2013. At the same time two 300 Mb/d plus pipelines from the South Texas Eagle Ford to Houston are running at less than half full.
A couple of months back in March 2013, the US Environmental Protection Agency (EPA) released proposed Tier 3 gasoline regulations that, if approved, will go into effect on January 1, 2017.
Two weeks ago we posted part 1 of a series looking to answer the question – ‘Are we likely to run into storage issues with NGLs in PADD 1 while we are waiting for infrastructure and demand side projects such as export terminals and petrochemical facilities to be built out?’ We assessed grow
Two years ago in June 2011 the forward curve for NYMEX natural gas pointed to $5/MMBtu for gas in 2012 – rising to $8/MMBtu by 2022. This week (June 2013) the forward curve structure looks much the same except that expected prices in 2022 are down two bucks at $6/MMBtu.
Emission regulations require that companies planning new olefin crackers in EPA designated nonattainment areas like Houston must buy emission credits prior to construction.
The LNG Voyager weekly report provides subscribers with weekly updates of data, analysis and market intelligence on factors affecting feedgas and LNG export volumes, prices and infrastructure, including liquefaction and pipeline projects and capacity contracts.
Cheap feedstocks resulting from dramatic increases in US shale production of natural gas and natural gas liquids (NGLs) have led petrochemical companies to plan at least 7 new processing plants - known as olefin crackers - all but one on the Gulf Coast.
The natural gas trading market has been getting a lot of attention lately and not in a good way.
