Lower Flows and Pipeline Maintenance Keep US LNG Feedgas Demand Down

Overall feedgas last week averaged 12.14 Bcf/d, down 230 MMcf/d week-on-week, driven by lower flows to Corpus Christi at the beginning of the week. Currently U.S. feedgas is around 12.4 Bcf/d, but will likely drop later this week because of planned pipeline maintenance at Corpus Christi.

A Look Behind The Curtain At Mont Belvieu NGL Inventories

It is probably not a big surprise to most NGL market pundits that Mont Belvieu Y-grade (raw mix) inventories were up sharply last year.  As shown on the left-hand chart below, Mont Belvieu Y-grade inventories, as recorded by the Texas Railroad Commission (TX RRC), for October 2021 were 12.8 milli

Crude Oil Quality Differentials Evaporate – High Sulfur and Heavy Differentials Narrow Relative to Light Sweet Crudes

In the aftermath of the COVID crude oil price meltdown as prices recovered and then skyrocketed with the Ukraine invasion, the quality-based differentials for crudes in North America widened.  As shown in the graph below, demand for light sweet crudes, represented by Magellan East Houston (MEH, 4

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