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.
Crude prices closed down again yesterday at $78.20/Bbl - their lowest level since last October. Gasoline and heating oil also posted new 2012 lows. Sadly, falling oil prices won’t help beleaguered East Coast refiners stay in business.
Crude prices closed yesterday at $81.90/Bbl - an 8 month low. Gasoline and heating oil also posted 2012 lows. These falling prices come on the heels of a tough year for East Coast refiners that saw more than 25 percent of refining capacity shut down.
By 2013, nearly 300Mb/d of incremental NGL supply will flow to Mont Belvieu from the burgeoning U.S. wet gas shale plays.
Bakken crude oil has traded at an $8-$10/Bbl discount to WTI for the past few weeks, and a few times since January this year has blown out to more than $20/Bbl. We talked about some of the reasons for this volatility in the first two installments of “The Bakken Buck Starts Here”, cove
On Wednesday of last week, Conway ethane dropped to 4 cnts/gal, another multi-decade low for any natural gas liquid and an 86% decline in the ethane price since the first of the year. But Conway ethane is not the only NGL that has been suffering.
Natural gas futures surged over 12 percent on Thursday to close at $2.49/MMbtu following an unexpectedly bullish EIA storage report.
Subtitle: Rupture in the Space-Time Continuum
West Texas Intermediate (WTI) is the benchmark price for essentially all crude produced in the U.S. But few crudes are actually priced at the WTI level. Most are subject to some kind of discount based on location, quality or competitive conditions. And that means that producers
Hydrogen Billboard tracks the latest developments in the domestic and global hydrogen markets, filtering through the noise with an unbiased lens to deliver impactful hydrogen infrastructure and market analysis.
With natural gas storage at record levels in early June, it looks like it’s going to be a long summer for gas producers hoping for better prices.
In just over a month, purity ethane prices in Mont Belvieu are off 41%, falling from 50 cnts/gal on 4/30 to 29 cnts/gal on Friday, 6/8. During the same period, non-TET propane was down 35% from 116 cnts/gal to 75 cnts/gal (see left graph, below). Last week when we looked at petrochemi
