October 13, 2022 – Energy Intelligence
EIA: Winter Will Be Cold, Fuel Expensive
By Energy Intelligence Group
The inventory situation for propane is considerably healthier, panelists noted, with stocks roughly in line with the 5–year average. The EIA expects propane expenditures to be 5% higher this winter than last. However, some panelists said that while inventories look healthy, logistics present a major hurdle.
“Given the shortage of crews with the railroads, the extended delivery time … and the...
October 13, 2022 – ABC News
Higher heating bills expected this winter amid energy market turmoil: Report
By Stephanie Ebbs
Americans are expected to see higher energy bills when it comes to heating their homes this winter, according to a new analysis from the U.S. Energy Information Agency released this week.
The independent agency within the Department of Energy found that homes heated with natural gas could see prices 28% higher than last winter, while homes heated by electricity will see a 10% increase and propane heat will see a 5%...
October 11, 2022 – Bloomberg
(BN) US REFINERY INSIGHTS: California Refinery Work Delayed to 2023
By Barbara Powell and Chunzi Xu
(Bloomberg) -- With a spate of fall maintenance poised to start this month at some of California’s largest oil refineries, at least three plants planning turnarounds took a look at the tightening market and said: nope, not now.
It’s easy to see why: Boosted by maintenance that had already begun in September, the 3-2-1 crack spread, a measure of the profit of turning crude oil into two part gasoline and one...
October 4, 2022 – New York Times
Saudi Arabia and Russia May Find Their Oil Pricing Power Limited
By: Clifford Krauss
Energy experts say whatever OPEC Plus announces it will probably translate into a supply reduction of roughly 500,000 barrels a day, or about 0.5 percent of global supplies.
“Not that big a deal,” said Rusty Braziel, executive chairman of RBN Energy, another Houston consulting firm. But, he added, “an OPEC Plus cut will definitely impact the market, just by the signal it sends that OPEC Plus stands ready...