Lower 48 Natgas Market On Pace for Most Bullish September Since 2020

The Lower 48 natural gas market in September is on pace to be tighter than last year and the 5-year average for the third straight month.

US Rig Count Continues To Fall, Drops to 623

US oil and gas rig count posted another decline for the week ending September 29, falling to 623 according to Baker Hughes.

EIA Cuts 2023 Forecast for U.S. Hydropower Generation on Steep Reductions in Northwest

Power generation from solar and wind resources can vary widely — the sun doesn’t always shine and the wind doesn’t always blow — but weather factors can impact the availability of hydropower as well.

EIA Reports Robust Storage Build As Winter Weather Takes It’s Time

The EIA reported a net 90 Bcf change in stocks for the week ending September 22, 2023. The report was in line with market expectations, RBN's daily NatGas Billboard Report delivered a final estimate this morning of a +91 Bcf net storage change.

LNG Canada Partners’ August Gas Production Little Changed Versus July

RBN estimates that combined natural gas production of the equity partners in LNG Canada fell a modest 0.08 Bcf/d in August 2023 to 1.59 Bcf/d (combined height of the colored bars in top chart below).

Cushing Crude Oil Inventories Fall for 12th Time in 13 Weeks

U.S. commercial crude inventories fell by 2.2 MMbbl in the week ended September 22, with continued declines at the key storage hub of Cushing, OK, according to the EIA’s Weekly Petroleum Status Report. It’s the sixth time U.S.

Trans Mountain Pipeline Expansion Receives Approval for Critical Route Deviation

On September 25, the Commission of the Canada Energy Regulator (CER) approved a request for route deviation for the Trans Mountain Pipeline expansion (TMX, green dashed line in map below).

U.S. Propane Stocks Build Below Expectations While Exports Skyrocket to an All-Time High

The EIA reported that total U.S. propane/propylene inventories increased by 0.7 MMbbl for the week ended September 22, which was below average industry expectations for a 2.1-MMbbl gain but above the 0.4 MMbbl average build for the week. Total U.S.

Enbridge Seeks Northeast Natural Gas Pipeline Expansion

Enbridge is floating an open season to solicit interest from potential shippers for an increase in service as part of an expansion project on Algonquin pipeline. The project, Project Maple, would expand capacity on the Algonquin gas system by up to 750 MMcf/d, 500 MMcf/d at the Ramapo, N.Y., rec

U.S. LNG Feedgas Drops with Cove Point Offline for Annual Maintenance

Overall U.S. LNG feedgas dropped last week, as Cove Point LNG shuts for annual maintenance.

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