In The News

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...

Tuesday, 10/04/2022

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...

Tuesday, 10/04/2022

October 4, 2022 – LP Gas

Leaders stress propane supply planning in volatile market

By: Brian Richesson   

It was only logical that an energy market report teeming with volatility would precede messages from industry members professing ways for propane marketers and suppliers to stay ahead of the supply game.

U.S. propane inventory ended last winter about 5 million barrels below 2021 levels. Fast forward about five months, and inventory had rebounded off higher production and lower demand and headed toward the 2022-23 winter about 7.5...

Wednesday, 09/28/2022

September 28, 2022 – Natural Gas Intelligence

Political Will, Supply Chain Said Essential for UK Shale Gas Industry with Staying Power

By: Matthew Veazey

Despite recent action by the UK government to encourage unconventional natural gas extraction in England, a lasting domestic shale industry would need a dedicated supply chain and reliable support through changing political winds, according to prominent energy prognosticators.

“I would just be shocked if anything could happen,” RBN Energy LLC CEO Rusty Braziel said last...

Wednesday, 09/28/2022

September 28, 2022 – Bloomberg

(BN) US REFINERY INSIGHTS: Shutdowns, Maintenance Lift Crack Spreads

By: Barbara Powell, Chunzi Xu

Exacerbating matters: A strike by workers at France’s oil refineries is disrupting fuel supplies in Europe’s third-largest economy, further tightening global supplies and boosting diesel margins.

“It seems the cracks bottomed out as high prices depressed demand and now you have a pretty strong maintenance season and fairly large outage for Toledo,” said John Auers, managing director of Refined Fuels...