In The News

Reuters - U.S. light, heavy oil-price spreads widen as gasoline demand grows
Wednesday, 06/01/2022

June 1, 2022 – Reuters

U.S. light, heavy oil-price spreads widen as gasoline demand grows

By Arathy Somasekhar

Gasoline-friendly light sweet WTI Midland priced at East Houston, called MEH, has averaged a $1.40 per barrel premium to U.S. West Texas Intermediate (WTI), compared with a 96-cent premium in the year-ago period, as exports to Europe climbed.

The spread between Midland and heavy Western Canadian Select (WCS), priced in Houston, widened to about $12 a barrel by late May from around $8 at the start of April, data from ...

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WSJ - Bottleneck Fuels Record-High Gas Prices
Saturday, 05/28/2022

May 28, 2022 – Wall Street Journal

Bottleneck Fuels Record-High Gas Prices

By Christopher M. Matthews and Peter Santilli

The closures were exacerbated by a punishing hurricane season in the Gulf of Mexico, home to the world’s largest petrochemical complex, that damaged some refineries there. Some companies are performing maintenance on their refineries right now, keeping even more capacity offline. The utilization rate for U.S. refineries is at about 90%, according to the EIA, at the top of the five-year range.

All of that is pushing...

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CNBC - As long as there’s a war in Ukraine, we’re not going to see oil under $100/barrel, says RBN Energy’s Braziel
Monday, 05/23/2022

May23, 2022 – CNBC

As long as there’s a war in Ukraine, we’re not going to see oil under $100/barrel, says RBN Energy’s Braziel

Rusty Braziel, RBN Energy founder and executive chairman, joins the ‘CNBC Special: Inflation and your stocks’ to discuss high gas prices and how they’re impacting all aspects of the economy.

Watch the video here: https://www.cnbc.com/video/2022/05/23/as-...

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NYT - Europe’s Quest to Replace Russian Gas Faces Plenty of Hurdles
Thursday, 05/05/2022

May 5, 2022 – New York Times

Europe’s Quest to Replace Russian Gas Faces Plenty of Hurdles

By: Clifford Krauss

Export operations are being expanded in the United States, with three new terminals expected to be completed by 2026. Another 10 await permits, long-term buyers and investors. EQT, a leading gas producer, has called for the country to quadruple L.N.G. capacity by 2030, a proposal that has received broad industry support.

“We have the resources in the ground,” said David Braziel, chief executive of RBN Energy, an...

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NGI - Natural Gas Futures Forge Ahead as Production Woes Fester
Friday, 04/29/2022

April 29, 2022 – Natural Gas Intelligence

Natural Gas Futures Forge Ahead as Production Woes Fester

By: Kevin Dobbs

Routine spring maintenance work at various sites nationally, coupled with protracted interruptions in the northern Plains caused by a severe storm, kept output in check through the week. Production held more than 2 Bcf below 2022 highs, fueling bullish futures sentiment on Friday and through most of the past week.

“Extreme blizzard conditions wreaked havoc on North Dakota energy infrastructure last weekend, taking offline as...

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