Tesla Continues Dominance of EV Market, but GM Sees Biggest Jump

U.S. electric vehicle sales continued to accelerate in Q1 2023, jumping to 258,885, up 45% from the year-ago period, according to newly released data from Kelley Blue Book.

The 2023 Great Propane Production Mystery. Is Production Increasing or is it Flat?

Propane stocks ended March at 54.9 MMbbl, which is 18.7 MMbbl, or 52%, above last year and 18 higher than the 5-year average. At the same time, propane exports have been screaming, with exports out of the Gulf Coast at a record-high rate in March at 1,451 Mb/d, 149 Mb/d more than March 2022. To

US Rig Count Posts Third Consecutive Decline, Dropping To 748

US oil and gas rig count declined for the third consecutive week, down to 748 for the week ending April 14 - a decline of 3 vs.

MVP Gets Forest Service Nod But More Legal Setbacks, Delays Await

On Thursday, the U.S. Forest Service (USFS) issued a favorable Final Environmental Impact Statement (FEIS) for the 2-Bcf/d Mountain Valley Pipeline (MVP) project -- for the third time since it was first approved in 2017.

U.S. Crude Production Back to Annual High

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Hydrogen Update

News and Highlights

Propane Inventories Show Small Build for First Week of Injection Season

For the week ending April 7, the EIA reported a small build of 469 Mbbl for U.S. propane inventories. Expectations for inventories were mixed as to whether inventories would build or have a withdrawal. The average of expectations called for a decline in propane stocks of only 21 Mbbl.

Crude Oil Exports Rise in February; Singapore, China Top Importers: U.S. Census Bureau

Recently released data from the U.S. Census Bureau shows that crude oil exports from the U.S. rose from 3.4 MMb/d in January to 3.9 MMb/d in February.

Despite Near Term Bearish Fundamentals, AECO Prices Could be Setting Up for a Modest Rally

AECO prices have been holding steady the past few weeks above C$2.25/GJ ($1.75/MMbtu) as what appears to be bargain hunting and repositioning by traders for a potential “spring fling “ in prices given increased open interest in AECO forward contracts.

Rumors of Permian Well Declines May Be Exaggerated

Lately, we have noticed a lot of mention of 2022 well results along with a narrative that production per lateral foot was down versus the prior year.

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