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 Henry Hub is the best known natural gas trading location in the world. There is certainly no more liquid point in the industry. An average of almost 400,000 natural gas futures contracts trade there each day. The Henry price is used to compute location ‘basis’ at all other n
The Permian Basin has been producing oil in West Texas since the 1920’s. The principal route to market for Permian crude has been via Cushing, OK to Midwest refineries. After declining in the 1980’s Permian production is increasing again – reaching an estimated 1.3 MMB/d (September 2012 Bentek).
Refinery yields are an important measure of refinery performance indicating the outputs that running a particular crude through a refinery configuration will produce.
Unlike pipelines that take a long time to build and only deliver to a handful of destinations, rail freight cars offer the flexibility to deliver anywhere across North America.
Permian basin oil production rose above 1 MMb/d last year (2011) for the first time since 1998, after sliding from a 1973 peak of 2.1 MMb/d. A lot of new Permian production uses conventional drilling and enhanced oil recovery techniques, but horizontal drilling is making its mark as well.
<p>Our good friends at Turner, Mason & Company (TM&C) released the latest update to their 2012 North American Crude Oil Outlook (NACOO) today (<a href="http://www.turnermason.com">
Over the past five years exploitation of abundant gas and oil bearing shale basin formations by combining and augmenting two long-standing technologies has revolutionized North American energy markets.
Nowadays everyone is pretty sure that there is plenty of natural gas supply to go around. Storage is bursting at the seams; production is close to record levels. Midstream infrastructure companies are busy developing new pipelines and additions to deliver shale gas to existing markets.
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.
The West Coast natural gas liquids (NGL) market is an island unto itself.
US Complex refining capacity leads the world and US Gulf Coast refineries are enjoying an export led boom. As lower cost crude starts to become available to these refineries they should be in a strong position to compete even more efficiently in global markets.
