Unidentified Supplies Rise to All-Time High

Unaccounted for crude volumes were up 1.6 MMb/d to 2.4 MMb/d for the week ending July 21st, the larg

Louisiana Feedgas Demand to Nearly Double in Next Five Years

As with the first wave of U.S. LNG export projects, the bulk of the second wave of capacity additions will be located along the U.S.

Rig Count Falls to 664 To End July With Third Consecutive Decline

US oil and gas rig count ended the month of July with its third consecutive decline, dropping by five to 664 rigs for the week ending July 28 according to Baker Hughes. Rigs were added in the Permian (+1) and Gulf of Mexico (+1), while the Eagle Ford (-3), Appalachia (-2), Anadarko (-1) and All

ERCOT Meets Record Breaking Power Demand in Texas Amidst Heat Wave

A heat wave has led to several periods of record-breaking power demand across the Lone Star State this summer, according to data collected by the EIA from the Electric Reliability Council of Texas, the state's grid operator.

Supreme Court Clears Way for Construction to Resume on Mountain Valley Pipeline

The U.S. Supreme Court on Thursday removed a key obstacle blocking construction on the long-delayed Mountain Valley Pipeline (MVP) project after it lifted stays issued earlier this month by the 4^th Circuit Court of Appeals.

U.S. Weekly Propane Inventories Build Below Expectations as Exports Remain Strong

The EIA reported that total U.S. propane/propylene inventories increased by 1 MMbbl for the week ended July 21, which was below average industry expectations for a 2.2 MMbbl gain and the 1.3 MMbbl average build for the week. Total U.S.

Gulf Coast Crude Oil Exports Fall to 2.7 MMb/d

Crude oil exports continued to plummet and fell to their lowest level in seven weeks as terminals collectively loaded 2.7 MMb/d for the week ended July 21, down 236 Mb/d from the previous week.

Enterprise Grows Midland Basin Footprint

Enterprise has commissioned it first natural gas processing plant in the Midland Basin, the 300 MMcf/d Poseidon plant. The plant builds on Enterprise's strong Midland processing footprint it established through the bolt-on acquisition of Navitas Midstream in January of this year. Formerly known

U.S. LNG Feedgas Up 210 MMcf/d From Previous Week Driven by Higher Flows to Sabine Pass

Overall feedgas last week averaged 12.02 Bcf/d, up 210 MMcf/d week-on-week, driven primarily by higher flows to Sabine Pass, where one train appears to be still offline for maintenance. Cheniere has been conducting major planned maintenance at the terminal since the beginning of June.

U.S. Ethane Steam Cracker Margins Hit Lowest Level In 3 Years

Many ethylene market insiders thought that steam cracker margins would pick up in the second half of 2023. But it looks like just the opposite with U.S.

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