Exports Could Rise to Avoid End-of-Year Crude Storage Tax

Exports rose by 350 Mb/d to 4.1 MMb/d last week, bouncing back from the first dip below 4 MMb/d since October 6. We could soon see a surge in crude exports as traders seek to avoid high year-end taxes on inventories.

FERC Extends Timeline for MVP Southgate

On December 19, the Federal Energy Regulatory Commission (FERC) granted a three-year extension for the construction of the MVP Southgate pipeline.

U.S. Propane Weekly Inventories Draw by 2.2 MMbbl as EIA Issues Notification of Errors in PADD 2

The EIA reported that total U.S. propane/propylene inventories fell by 2.2 MMbbl for the week ended December 15, which was above average industry expectations for a draw of 1.5 MMbbl but below the 2.7 MMbbl average decline for the week. Total U.S.

U.S. Gulf Coast Crude Oil Exports On Track to Reach New Highs in 2023

Crude oil exports from the U.S. Gulf Coast terminals are estimated at 3.8 MMb/d for the year so far, up 600 Mb/d from the same time last year, as per the data from RBN’s Crude Voyager report.

Ethane Supply for Dow Chemical’s New Net-Zero Steam Cracker in Alberta; No Concerns?

Dow Chemical announced in late November that they made a final investment decision (FID) to build a new “net-zero” integrated ethane steam cracker and associated polyethylene (PE) derivatives plants (see schematic below)

It's Gettin' Hot in Here - Northern Border BTU Content

The heat on Northern Border Pipeline is increasing to uncomfortable levels.

It’s Increasingly Difficult to get U.S. LNG to Asia

More Renewables Headwinds

On the heels of recent announcements about the viablility of offshore wind projects, two residential solar-related firms made announcements today indicating further headwinds for renewable power development. First, Enphase Energy, a manufacturer of solar micro inverters, has announced that they

Sustainable Aviation Fuel Gets a Second Way to Qualify for Production Tax Credit

U.S.

New Natural Gas Production Record in Western Canada

Using data compiled in RBN’s Canadian NatGas Billboard report, we estimate that natural gas production in Western Canada reached a record daily high of 18.83 Bcf on December 10 (red dashed oval in top chart below), capping off a recent run of strong daily production data in early December.

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