In The News

Wednesday, 12/14/2022

December 14, 2022 – Wall Street Journal

U.S. Oil Prices Under Pressure From Keystone Pipeline’s Largest-Ever Leak

By Benoît Morenne and Vipal Monga

A weeklong shutdown of the Keystone oil pipeline is squeezing Gulf Coast refiners, who now have to replace hundreds of thousands of barrels that are no longer flowing through the system…

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Monday, 12/12/2022

December 12, 2022 – Energy Intelligence

Keystone Still Down, No Timeline for Restart

By Frans Koster

If Keystone remains shut down for long, the roughly 600,000 b/d that was traversing the line this year would struggle to find alternative delivery systems. Enbridge’s lines are running near capacity and the rail system is congested.

The recently reversed Capline has spare capacity, however, according to analysts with RBN Energy.

“This 40-inch-diameter pipe once moved up to 1.2 [million b/d], but until recently was...

Tuesday, 12/06/2022

December 6, 2022 – Reuters

Alaska North Slope crude price falls to lowest since April 2020

By Arathy Somasekhar

Weaker ANS prices are consistent with the overall widening of the spread between heavy and light crude grades, said John Auers, a refining analyst with RBN Energy.

"As heavy/light spreads widen, medium sour crudes such as ANS and Oriente also widen their discounts vs. light sweet crudes such as Brent," Auers added.

Plains All American earlier this year suspended operations on its Line 2000 pipeline system...

Monday, 11/28/2022

November 28, 2022 – Bloomberg

Putin’s War Leaves West More Reliant Than Ever on Asian Fuel

By Elizabeth Low and Chunzi Xu

(Bloomberg) -- The war in Ukraine is strengthening the role of Asia and the Middle East as the world’s main providers of fuels like diesel and gasoline that are crucial to the global economy…

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…Meanwhile, rising shortages of diesel and...

Saturday, 11/19/2022

November 19, 2022 –

M&A Boom May Not Lead To Drilling Spree In U.S Shale

By Alex Kimani

Eagle Ford In Focus

The Eagle Ford was the hardest-hit region in the U.S. shale patch, and has lagged behind other regions during the ongoing ramp-up in production. But as energy analytics company RBN Energy has noted, M&A and drilling have lately been surging in the shale play.

To wit, two weeks ago, Marathon Oil (NYSE: MRO) announced that it has entered into a definitive agreement to acquire the...