- Analyst Insight
3-2-1 Crack Spread - Chart Toppers
Diesel cracks still stronger than gasoline crack and 3-2-1 crack spread since summer 2024
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.
- Analyst Insight
U.S. LNG Feedgas Demand Bouncing Back after Winter Storm Enzo
U.S. LNG feedgas demand still bouncing back after Winter Storm Enzo and cold weather caused Freeport to shut down and drops feedgas demand by nearly 5 Bcf/d during the peak of the impact. For more, see this week’s RBN LNG Voyager. #LNG
- Blog
Bring The (Crude) - What's Behind PADD 1's Reliance on Imported Crude Oil and Refined Products?
PADD 1 — the East Coast — represents about 31% of total U.S. consumption of refined products (and 37% of its population) but is home to just 5% of U.S. refinery capacity.
- Analyst Insight
Permian Gas Outflows to the East Down on Lower Production
Eastbound outflows to the Permian were down last week, as Permian production edged lower because of freeze-offs and LNG feedgas to the Gulf declined due to weather events.
- Analyst Insight
Permian Crude Flows to Gulf Coast Rose Nearly 2% in August
Crude oil flows from the Permian Basin to the U.S. Gulf Coast rose nearly 2% in August 2024, reaching 5.64 MMb/d — an increase of 93 Mb/d compared to July (see graph below) — according to the latest monthly data from the Texas Railroad Commission.
- Analyst Insight
Price Differential for Bakken Light Sweet Crude into Cushing Hits 4 1/2-Half-Year Low
The price differential of Bakken Light Sweet crude oil that is delivered to Cushing has been hitting its lowest values in the past four-and-a-half years, partly due to changes in the flow of Canadian crude into the Midwest.
- Analyst Insight
Waha Natural Gas Price Recovers, Basis Still Negative
After wallowing at a negative 50 cents per MMBtu between March and October last year, Permian Waha natural gas prices have rebounded this year.
- Blog
Hit the Lights - E&Ps Highlight Their Success in Growing Utica Shale Condensate Production
Condensate production in the Utica Shale’s volatile oil window in eastern Ohio has more than doubled over the past three years, and plans by the handful of E&Ps that focus on the super-light crude oil suggest that output will increase further this year and next.
RBN NATGAS Permian
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.
- Analyst Insight
White House Clarifies Trump Order Restricting IRA, IIJA Funds
An executive order issued Monday by President Trump that directs federal agencies to pause the distribution of funds from 2021’s Infrastructure Investment and Jobs Act and 2022’s Inflation Reduction Act was clarified later in the week by the Office of Management and Budget.
- Analyst Insight
US Rig Count Slides To 576 On Losses in Permian
US oil and gas rig count fell to 576 for the week ending January 24, a decline of four vs. a week ago and marking the first week below 580 in four years according to Baker Hughes data.
