In The News

Tuesday, 11/03/2020

October 23, 2020 – Lloyd’s List

Eastern Pacific wins ethane carrier deal as US-China trades rise

By Michelle Wiese Bockmann

…Houston-based energy consultant RBN Energy estimates ethane exports at the Energy Transfer facility averaged 31,000 bpd in 2018, rising to 51,000 in the first eight months of 2020.

Exports from the Enterprise terminal on the Houston ship channel were tracked at 129,000 bpd in 2019, falling to 110,000 bpd so far this year,

The Orbit terminal once commissioned in November adds at least 75,000...

Tuesday, 10/13/2020

October 11, 2020 – CBC News

Winter is coming — and that could be good news for Alberta's natural gas sector

By Tony Seskus

Amid a tumultuous stretch for Alberta's oil and gas industry, there's hope around the sector that the arrival of winter could bring some stability for natural gas producers.

Analysts say a drop in natural gas production in the United States — resulting in part from a dramatic pull back in American shale oil — may provide a much-needed lift in prices, if a normal winter is around the corner.

It's a situation...

Tuesday, 10/06/2020

September 25, 2020 – Natural Gas Intelligence

October Natural Gas Futures Close Volatile Week on Low Note

By Kevin Dobbs

On Friday, however, comfortable highs of 70s and 80s spanned much of the country, minimizing near-term weather demand.

Prices dropped in every region, though the declines were most pronounced in the East and in West Texas.

Domestic natural gas production plunged more than 3 Bcf at one point in the week leading up to Friday’s trading, in part because of Gulf Coast production temporarily pushed offline by Beta,...

Tuesday, 10/06/2020

September 24, 2020 – OilPrice.com

How The Oil Crash Solved The Permian Pipeline Problem

By Tsvetana Paraskova

Oil producers and oil infrastructure developers in the Permian – as well as everyone in the world – were taken by surprise in a “global pandemic that would substantially slow economic activity in much of the industrialized world, especially the U.S.; annihilate demand for jet fuel, motor gasoline, and (to a lesser degree) diesel; and spur the U.S. refinery sector to reduce their utilization rates to less than 70%,” RBN Energy...

Tuesday, 10/06/2020

September 8, 2020 – BOE Report

Heavy discount narrows after Suncor cuts production outlook

Via Reuters

Canadian heavy crude’s discount versus West Texas Intermediate (WTI) tightened on Tuesday to the narrowest level since mid-July, after major producer Suncor Energy reduced its full-year production guidance, tightening supplies.

Western Canada Select (WCS) heavy blend crude for October delivery in Hardisty, Alberta, traded at $7.60 per barrel below WTI, according to NE2 Canada Inc. It settled on Friday at $8.70 under.

Production...

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