Crude Supply Boost Not The Real Fix It Appears

The Weekly Petroleum Status Report (WPSR) showed that Lower 48 production shot up 400 Mb/d last week to 12.2 MMb/d, the highest total volume since March 27, 2020, right before the COVID crash. Total U.S. production was listed at 12.6 MMb/d when adding in Alaskan supplies.

The Netherlands Preferred Destination For VLCCs So Far This Year

Data from the Crude Voyager report shows that eight Very Large Crude Carriers (VLCCs) exited the Gulf Coast the week ended August 4. Of these, six were bound for a port in Asia Pacific.

U.S. Weekly Propane Inventories Remain High As Production And Exports Soar

The EIA reported that total U.S. propane/propylene inventories increased by 1.3 MMbbl for the week ended August 4, which was below the average industry expectations for a 1.9 MMbbl gain but in line with the 1.2 MMbbl average build for the week. U.S.

U.S. Propylene Margins Remain Under Pressure As Propane Prices Rally

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LNG Europe and Global Prices Down for Summer

Overall feedgas last week averaged 11.71 Bcf/d, down 240 MMcf/d week-on-week, with small changes at every terminal leaving feedgas slightly below the previous week’s average level. Twenty-three LNG cargoes departed from U.S. terminals last week, down one from the previous week.

First Reactor Goes Online at Georgia’s Vogtle Plant, But Will Delays, Cost Overruns Doom Others?

A new nuclear reactor began commercial operations in the U.S. last week for the first time since 2016, with another likely to follow in the next several months, but they could be the last for a while thanks to years of construction delays and huge cost overruns related to the Vogtle project.

Why is BridgeTex Crude Oil Pipeline Running on Empty?

There has been a glut of crude oil pipeline takeaway capacity out of the Permian for more than four years since new pipelines were built to Corpus Christi and the Houston market. Even with production out of the Permian increasing by 1.4 MMb/d since mid-2019 when the overbuild kicked in, and pip

Williams Touts Transco Expansions as MVP Moves Forward

With Mountain Valley Pipeline (MVP) resuming construction and growing confidence that it will be completed later this year, Williams

US Rig Count Continues Slide Into August, Drops to 659

US oil and gas rig count began the month of August by dropping to 659, a decline of 5 vs.

Earnings Calls Shed Light on Last Week's Ethane Roller Coaster

RBN’s own Todd Root published a blog July 26 on the fundamentals driving the recent spike in ethane prices.

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