'Ring of Fire' Eclipse Dims Solar Generation but Poses No Big Problems for California's Power Grid

California’s power grid performed largely as expected during Saturday’s solar eclipse, with no major problems affecting the power grid and partly cloudy conditions dimming solar generation across much of the state.

Rig Count Up Slightly As Permian, Eagle Ford Make Gains

US rig count was up slightly versus a week ago, with total rigs climbing by three to 622 for the week ending October 13 according to Baker Hughes. Rigs were added in the Permian (+2), Eagle Ford (+2), Gulf of Mexico (+2) and Bakken (+1), while the Haynesville (-2) and All Other (-2) both lost ri

Appalachia Gas Production Recovers on Cove Point LNG, Cold Snap

Northeast natural gas production hit a three-month high of 35.3 Bcf/d on October 9, and October-to-date volumes are averaging 34.7 Bcf/d, up 200 MMcf/d month-on-month. With the recent gains, the year-on-year increase expanded to 600 MMcf/d, from 200 MMcf/d last month.

Crude Production At Record High While Demand Plummets

The crude oil balance transformed from a seesaw to a catapult last week, as supplies soared while demand plummeted. Crude production hit an all-time high of 13.2 MMb/d last week due to a massive 370 Mb/d jump caused by re-benchmarking by the EIA.

Biden Administration Picks 7 Hydrogen Hub Proposals to Receive up to $7 Billion in Funding

Seven proposals for regional clean hydrogen hubs have been selected to receive up to $7 billion in funding, the Biden administration said October 13. The hubs are intended to accelerate the commercial-scale deployment of low-cost clean hydrogen.

U.S. Propane Weekly Stocks Build Below Expectations While Exports Soar To All-Time High

The EIA reported that total U.S. propane/propylene inventories built by 106 Mbbl for the week ended October 6, which was below average industry expectations for a 543-Mbbl gain and the 591 Mbbl average build for the week. Total U.S.

The Netherlands Top Destination for U.S. Crude Oil in August: U.S. Census Bureau

The U.S. Census Bureau data shows August crude oil exports at 4.1 MMb/d, up from 3.7 MMb/d in July. Nearly 45% of these shipments (1.9 MMb/d) headed to Asia, followed by another 41% (1.7 MMb/d) to Europe.

Normal Butane Overtakes Ethane As Most Economical Cracker Feedstock

U.S. steam cracker margins for normal butane (butane) have rallied in early October overtaking ethane for the top spot as the most economical feedstock.

U.S. LNG Feedgas Heads Higher Even with Cove Point Offline

Overall feedgas demand jumped back above 13 Bcf/d over the weekend with nearly every terminal taking in more feedgas than the week prior.

IRS Moves to Make EVs, Plug-In Hybrids Immediately Eligible for Tax Credits in 2024

One the biggest barriers to electric vehicle (EV) adoption has been their up-front costs, but proposed guidance published October 6 by the Internal Revenue Service (IRS) could help open up EVs to a new set of potential buyers.

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