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.
On Friday, the Conway ethane (in E/P mix) price crashed to 13.5 cnts/gal. No this is not the Decline and Fall of Western Civilization (neither the actual event or the punk rock movie of that name), but it is an important development for NGL and natural gas markets. Six months ago the
With natural gas prices hanging at numbers around $2.50/MMbtu and possibly headed lower, there is a lot of talk about shut-ins. Presumably going out to the wellhead and turning off the valve. A couple of weeks ago, Jim Hackett, Anadarko CEO told a Rice University audience that “at cur
“Prices have dropped to the lowest level in years. Pipelines are overbooked, and supplies are backing up. There is just not enough capacity to get out of the supply area and into the market area. Pipeline capacity is at a premium. The last time prices got to this level, pr
It looks like OPEC has started to figure out that this shale thing might be a problem for them. The evidence? In the latest edition of OPECs bi-monthly bulletin, there is an article about the environmental risks of shale gas drilling in the north of England. OPEC? Environm
Over the past couple of years, the NGL market has cussed and discussed every nuance of PADD I ethane. The fear that ethane bottlenecks would curtail Marcellus drilling worried a lot of producers, and their investors. But it finally looks like the problem is being fixed, and the
Drilling and crude oil production in the Bakken has developed much faster than the gathering and pipeline infrastructure necessary to move the barrels. Consequently, over the past two years rail has become a significant feature of crude oil transportation in the region. According to t
Yesterday I attended the Argus Americas Crude Summit in Houston. Throughout the day the same theme kept repeating – “The times they are a changing”. Not only is the crude oil market trying to digest the implications of rapid growth in U.S.
We finally got that press release warning of shut-ins from Chesapeake, and it had the expected impact on price. Feb was up 18.2 cents to $2.525. The market was oversold and the smart money had gone long, so it was the perfect triggering event for a bump up. But as we said
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.
Natural gas prices are low. Really low. Really really low. The refrain has started to get tiresome. Yes it is a warm winter and yes shale production is high. We’ve all got that. The only question seems to be ‘Where is the bottom?’
Good article today in several newspapers (including the Chicago Tribune) from Jonathan Fahey at AP. “Cheaper natural gas gives American homeowners a break and helps manufacturers compete globally”. I talked to John last week on one of my last days at Bentek and provided several items
