- Analyst Insight
U.S. Crude Production at New Record High After Re-Benchmarking
Crude oil production hit a new all-time high of 13.631 MMb/d, spurred by the EIA's re-benchmarking of supplies by 105 Mb/d.
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. Propane Inventories Draw Over Industry Expectations and Exports Average at High Levels
Despite a drop in propane exports from last week's strong rate, the 4-week average has been trending at high levels.
- Analyst Insight
Running on Empty - Gulf Coast Re-Exports of Canadian Heavy Crude Oil Fall to Zero in October
Gulf Coast re-exports of Canadian heavy oil hit rock bottom in October 2024 at zero. This is the first zero reading since September 2020. It appears that a good portion of this activity has shifted to Canada's West Coast courtesy of the Trans Mountain Pipeline expansion.
- Blog
Over The Hills And Far Away - Even Without a Carbon Tax, U.S. Refiners Feel Efforts to Cut Emissions
The U.S. is still years away from establishing a national carbon tax or cap-and-trade system — and it’s certainly possible it will never take either step.
- Analyst Insight
Weekly U.S. Crude Oil Exports Plummet But 4-Week Average Trends Higher
U.S. crude oil loadings averaged 2.9 MMb/d last week, a drop of 1.5 MMb/d from the previous week. Despite this, the four-week moving average was brought up to 3.8 MMb/d, with last week replacing a slightly lower volume for the week ended November 8.
- Blog
Why Can't We Be Friends? - The Odds For/Against U.S. Tariffs on Imported Canadian, Mexican Crude
President-elect Trump’s plan to impose a 25% tariff on all imported goods from Canada and Mexico — including crude oil — has raised concern among U.S. refiners, many of which depend heavily on those imports and would face serious challenges in replacing them.
- Analyst Insight
Another Early Christmas Present as Western Canadian Natural Gas Production Sets A New Record
Gas output in Western Canada set a new single day production record on December 6 at 19.38 Bcf and is part of what has been strong upwardly trending production since the start of October.
- Analyst Insight
Boxer and Eugene Island Oil Pipes in Gulf Resume Service
Shell’s Boxer pipeline and Eugene Island Pipeline System (EIPS) in the Gulf of Mexico have resumed service, according to the company.
RBN Crude Oil TradeView
Crude Oil TradeView provides up-to-date data and insights into the behavior of differentials for 33 crude assessments across North America. Each week, it also walks you through the reasoning of why differentials widen, narrow, flip (premium vs. discount), or blow out.
- Analyst Insight
Permian-to-Corpus Crude Oil Flows Dipped in July After Peaking in May
According to the latest monthly data from the Texas Railroad Commission, crude oil flows from the Permian Basin to Corpus Christi declined to 2.36 MMb/d in July, down 26 Mb/d compared to June.
- Analyst Insight
Permian to Gulf Coast Crude Oil Differential More Than Doubles in 2024
The price differential between Permian/Midland WTI crude oil and Gulf Coast WTI, has widened this year due to shrinking surplus pipeline capacity out of the Permian Basin due to rising production levels.
