Pictures of You: Regional Balances Tell the Tale of the U.S. Crude Oil Market

New Drill Down Report for Backstage Pass Subscribers on PADD-by-PADD Balances
PADD-Level Data Details Trends Around Imports, Exports and Production
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ExxonMobil to Store CO2 Captured From Calpine’s Baytown Energy Center

ExxonMobil will transport and permanently store up to 2 million metric tons per annum (MMtpa) of carbon dioxide (CO₂) captured at Calpine’s Baytown Energy Center near Houston, the companies announced April 23.

Potential New Gas Supply to South Carolina Power

During its recent quarterly earnings report, Kinder Morgan discussed a potential expansion of the Elba Express pipeline called Elba Express Bridge.

Summit Carbon Solutions Faces Another Setback

Summit Carbon Solutions just hit another speed bump on the road to building what it hopes will be the world’s largest carbon dioxide pipeline.

Gray Oak Phase 1 Expansion Complete — Brings Breathing Room to Permian-to-Corpus Route

Enbridge has completed Phase 1 of the Gray Oak Pipeline expansion, increasing the system’s capacity by 80 Mb/d to a total of 980 Mb/d. Phase 2 of the expansion project is scheduled to come online in April 2026, which would add 40 Mb/d.

U.S. Crude Imports Shrink, But Canada Remains Strong in 2025

Total U.S. crude oil imports declined by 410 Mb/d to 5.59 MMb/d. Over the past 10 weeks, imports have averaged just 5.885 MMb/d—590 Mb/d below the 6.475 MMb/d average during the same period last year.

Refinery Runs Rise, As Capacities Get Updated

Net refinery input rose by 325 Mb/d to 15.89 MMb/d, matching the same level seen in 2024. Input should begin climbing above 16 MMb/d in the next two to three weeks and could reach over 17 MMb/d by early July if it follows last year’s trend.

U.S. Propane Inventories Rise, Exceeding Expectations

The EIA reported total U.S. propane/propylene inventories had a build of 2.3 MMbbl for the week ended April 18, surpassing industry expectations of a 1.3 MMbbl increase and the average build for the week of 1.2 MMbbl. Total U.S.

U.S. Crude Oil Exports to Africa Hit Highest Levels Since 2023

More U.S. crude oil found a home in Africa last week than any time since 2023, despite trade tensions and tariff disputes.

Frac Spread - Chart Toppers

So far for April 2025, the frac spread has averaged $3.65/MMBtu, reflecting a 2% decline from March 2025 and a

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