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.
The US energy midstream sector will remember 2012 as the “Year of the Tank Car”. Venerable pipeline companies were reduced to investing in rail terminals. Although reluctant at first, coastal refiners embraced the margin boost that crude by rail provides them.
Canadian natural gas exports to the Northeast US fell from about 3Bcf/d in 2008 to around 1 Bcf/d in 2011 and have been at that level ever since. Last November significant US exports began to flow northward across the border into Canada at Niagara.
Back in October we posted a blog forecasting that the Brent/WTI price spread (at that time $22.76/Bbl) would narrow by the time of the Super Bowl (see Place Your Bets on Narrow Brent /WTI Spread for the Super Bowl).
Eagle Ford pipeline takeaway capacity is four times production and local refinery consumption – an excess of over 1.3 MMb/d. More than 20 pipeline projects are already built or under construction to move Eagle Ford production to market.
Growth in natural gas demand forecasts these days rely heavily on projections of increased power burn. Lack of coordination between the gas and electric industries threatens to limit that expansion.
Over the next three years seven Gulf Coast region terminal operators will build an estimated 19 MMBbl of new crude oil storage capacity.
Is the winter of 2012/13 all over - bar the shouting? With the end of the heating season just nine weeks away (March 31, 2013) there may not be enough time left for winter temperatures to have a material impact on record natural gas storage levels.
This year (2013) Canadian regulators are expected to decide the fate of two West Coast crude oil pipeline projects.
The Future of Fuels bi-annual report by RBN's Refined Fuels Analytics provides an in-depth analysis of the U.S. and global refinery industries, focusing on crude oil and fuel market dynamics, supply and demand, alternative fuels, refinery capacities, and price forecasts to help stakeholders navigate the evolving energy landscape.
Canadian National Energy Board (NEB) data released earlier this month shows that the flow of natural gas imports across the US border at Niagara reversed to become exports for the first time in 2012.
Even though ethane prices have recovered by about 4 cnts/gal from the lows last week (January 14, 2013) most gas processing plants are still faced with ethane rejection economics.
