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.
One of the most prolific “new” crude oil plays is the Permian Basin. Funny how things work out. After the oil price bust of the mid-1980s there was a bumper sticker on every Midland-Odessa pickup: The oilman’s prayer “Please lord, Just Give Me One More Oil Boom.
Crude oil production in the Eagle Ford has ramped up from less than 50 Mb/d two years ago to almost 400 Mb/d today, and the growth shows no sign of slowing down. In most reports and statistics, all of this volume shows up as crude oil. But it’s not. Between 60%-70% of this
In the first week of this month, crude oil prices in the Bakken crashed. We talked about the development here in Back to the Future – What happened to Bakken and Canadian Crude Prices? At one point, the Bakken was trading $45/bbl under Brent. It is not over yet. Pric
Ok, crude prices were up again yesterday. This is starting to get ridiculous.
Prices may be up a bit, and producers are curtailing some production, but it’s a long way between now and the end of the injection season. So there is still the distinct possibility that natural gas storage capacity will hit the wall this year, perhaps sometime late summer. Of course,
<p>On this President’s Day holiday I have included links to five articles from the last 72 hours, all of which are timely and relevant to today’s energy markets. They range from a sobering assessment of coal oversupply by Bloomberg, a recap of Mitsubishi’s acquisition of Encana’s
If there is no storage capacity available, and demand is maxed out, then production must be curtailed. At today’s rate of production and normalized demand, there will be no more storage capacity available at some point during the summer of 2012. Will this result in a price crash of bi
If you don’t look at natural gas basis every day, you might not have noticed that the difference between the highest and the lowest natural gas cash prices in the U.S.
NATGAS Permian is a weekly natural gas fundamentals analysis focusing entirely on the key market drivers within the Permian basin. The report contains details and forecasts around natural gas production, demand, pricing, and a summary of pipeline outflows and capacities from the Permian to neighboring regions.
Just after 2pm eastern time on Monday, the CME/NYMEX (GLOBEX) markets for U.S. crude, gasoline and heating oil futures shut down. Data feeds to trading terminals ceased.
This post continues yesterday’s review of the Conway ethane market. If you did not see that one, please go to The Decline and Fall of Conway Ethane – Implications of a 75% collapse in price. Otherwise the paragraphs below won’t make much sense.
