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.
We’ve talked a lot here about NGL storage in Mont Belvieu and Conway. Those are the big underground storage caverns washed out of salt formations thousands of feet below the surface. But those are not the only places where NGLs are stored in underground salt caverns. Two importa
NYMEX WTI is the most liquid commodity future in the world. So far this year the exchange traded an average 125 MMb/d in the prompt contract alone. The NYMEX crude price is so ubiquitous that it also underpins the domestic US crude spot market.
Growing propane production from the NGL surge is building up inventories and pushing down prices because it can’t reach markets where demand is increasing.
Northeast regional interstate pipeline companies are coming to terms with significant supply growth expected between now and 2017. Companies that traditionally delivered natural gas to the Northeast from outside the region are busy reconfiguring their assets.
On Monday as record setting Hurricane Sandy was plowing into the East Coast, another record was quietly being broken. That rec
US domestic crude oil production took off in the past year. Most of the production growth is coming from three shale oil plays – the Bakken, Eagle Ford and Permian basins. A number of factors have combined to allow rising production to continue.
The specialized corporate structures called Master Limited Partnerships (MLP’s) have become part of the landscape for midstream energy companies.
<p>The gasoline market has become highly regionalized with the country apparently divided into areas of feast and famine. Shortages, low margins and declining refinery capacity have plagued the Northeast and California.
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.
Growing condensate supplies from tight oil shale plays are sloshing up at Gulf Coast refineries and being discounted by refiners that don’t need more of the ultra-light crude. Meanwhile there are established international markets for condensate.
<p>Northeast regional interstate pipeline companies are coming to terms with an extra 7 Bcf/d of new Marcellus production in the past two years and maybe another 10 Bcf/d of growth between now and 2017.</p>
