Energy Transfer filed an 8K with the SEC on June 3 indicating that it, too, received a letter from the Bureau of Industry and Security (BIS) limiting ethane exports to China.  As is the case with Enterprise, ethane exports to China cannot be done without a license issued by the BIS (

According to the latest Weekly Petroleum Status Report released by the EIA, net refinery input surged by 670 Mb/d for the week ending May 30 to nearly 17.0 MMb/d (blue solid line below), increasing capacity utilization by 3.2% to 93.4%.

U.S. LNG feedgas demand fell by 0.57 Bcf/d last week, primarily due to ongoing maintenance.

The Port of Corpus Christi (POCC) – the most dominant crude oil export port in the United States, responsible for more than 50% of export volumes out of the Gulf Coast (as discussed in our Crude Voyager

As seems to be happening on an almost clocklike annual basis, wildfires are again threatening oil sands production in Alberta.