As expected, RRC data shows that Permian Basin crude oil flows to Houston extended their recovery in November 2024, rebounding from the sharp decline in June — the lowest volume since September 2023 (see blue line on the chart below).

For the first time in over a year, the price of propane in Conway, KS has dropped to more than 10 c/gal below the propane price in Mont Belvieu, TX (left chart below, green dashed circle).

For the week ending April 4, Baker Hughes reported that the Western Canadian gas-directed rig count was unchanged at 54 (blue line and text in left hand chart below), 17 less than one year ago but well within the five-year range.

The Department of Energy (DOE) announced today that Strategic Storage Partners, LLC has secured a $1.4 billion contract to operate and manage the Strategic Petroleum Reserve (SPR) – the world’s largest crude oil stockpile - as part of President Trump’s initiatives to support domestic supply chain

Well, it’s official — President Trump’s long-teased tariff shake-up is here, and while the new 10% blanket duty on all imports has everyone from Brussels to Beijing on edge, energy products have largely dodged the bullet. For now.