In The News

Thursday, 10/27/2022

October 27, 2022 – Energy Intelligence

PBF Buys More Discounted Canadian Crude

By Energy Intelligence Group

Perfect Storm

While there are specific issues that are impacting Canadian crude in particular, broader forces are weighing on heavy, sour grades of oil in general.

Quality plays a major role, especially amid the ongoing impacts of the International Maritime Organization (IMO)’s updated sulfur specifications for marine fuels. Refiners say this has prompted downstream players with less sophisticated facilities to buy...

Monday, 10/17/2022

October 14, 2022 – CNBC

RBN Energy's Rusty Braziel says says oil prices could come down if the economy slows

Cramer spoke with RBN Energy Executive Chairman Rusty Braziel on Friday.

To watch the full segment, visit: https://www.youtube.com/watch?v=VVYXimbPr2o

...

Thursday, 10/13/2022

October 13, 2022 – Energy Intelligence

EIA: Winter Will Be Cold, Fuel Expensive

By Energy Intelligence Group

Propane

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...

Thursday, 10/13/2022

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%...

Tuesday, 10/11/2022

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...

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