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.
Most Americans only come into contact with the Jones Act when they wonder why their cruise ship stopped off at a foreign port. This maritime legislation from a bygone era (1920) is nearly a century old. The Jones Act increases costs for US coastal shipping.
News flash! ---Rail transportation has become a very big deal in the business of transporting crude oil, NGLs and petroleum products!!----The whole world does not revolve around pipelines! Yup, the media has discovered that hydrocarbons can ride the rails. Never mind
Over the next five years, production of natural gas liquids (NGL’s) from gas processing plants will increase by at least one million barrels per day, or about 40% over 2012. Perhaps more. That’s good news for natural gas producers, processors and end-use markets. But there is a
The NYMEX New York October gasoline contract expired last Friday at $3.34/Gal, up 13 percent during the week from $2.91/Gal last Monday (September 24, 2012). In contrast the November contract closed 42 cents lower than October on Friday at $2.92/Gal.
Permian crude production is experiencing a renaissance. This month (September 2012) Bentek estimated current production at 1.3 MMb/d. Most of that production not absorbed by local refineries is shipped to Cushing or further into the Midwest where prices are depressed versus the Gulf Coast.
Next time you fill up with regular; spare a thought for what the product went through to make it into your tank. Before you got a chance to put the pedal to the metal, the tiger in your tank had to treat a digestive problem that was causing too much gas.
The 51-mile long Panama Canal completed in 1914 connects the Caribbean Sea to the Pacific Ocean. By passing through the Canal ships reduce voyage distances by thousands of miles and journey times by 10 days or more.
Henry Hub is the center of the natural gas spot-trading universe with virtually every btu being sold at a price linked in some way to this market center. Henry Hub is also the delivery point for the CME/NYMEX natural gas commodity futures contract that is now the third largest in the world.
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.
Apart from local refinery demand, the majority of Permian Basin crude production is currently shipped to Midwest refiners on existing pipelines. New takeaway capacity projects look to change that balance towards the Gulf Coast where prices are higher now.
US nitrogen based fertilizer prices are currently at record levels as a result of high demand from farmers. Farm demand for fertilizers is driven by crop prices. The Midwest drought this year has pushed corn prices through the roof, creating strong demand for fertilizer to improve crop yields.
