U.S. Propane Inventories Climb Despite Industry Forecast for a Withdrawal

The EIA reported total U.S. propane/propylene inventories had a build of 982 Mbbl for the week ended March 28, which was more than industry expectations for a draw of 240 Mbbl and the average draw for the week of 192 Mbbl. Total U.S.

Alberta Crude Oil Sets February Production Record

Alberta’s crude oil output in February 2025 reached a record high for the month at 4.02 MMb/d (rightmost blue column and text in chart below), 0.06 MMb/d above one year ago (itself the prior record holder for February) and down 0.18 MMb/d from January.

Crude Oil Exports to Europe Drop Once Again

Crude oil exports from the Gulf Coast to the European region have been a hot topic of discussion in recent weeks.

U.S. LPG Exports Down Again In January 2025

According to data from the U.S.

Tariffs, Tariffs Toil and Trouble – Tight Gulf Coast Cauldron Keeps Canadian Crude on the Boil

A witch’s brew of factors has continued to apply pressure to Gulf Coast price differentials for Western Canadian Select (WCS) and Access Western Blend (AWB), two grades of Canadian heavy crude oil that are actively traded for physical delivery to refiners and exporters (red and blue lines in char

U.S LNG Exports Hit Record High in March

U.S. LNG exports reached another new monthly record in March, driven by ramped-up activity at Plaquemines and continued strong flows from other terminals.

Permian Crude Flows to Gulf Coast Rebounded to Second-Highest Level in October

Crude oil flows from the Permian Basin to the U.S. Gulf Coast (USGC) rose nearly 1% in October, reaching 5.73 MMb/d — an increase of 42 Mb/d compared to September (see graph below), according to the latest monthly data from the Texas Railroad Commission.

Western Canada’s Gas Production Holds Strong in March as Heating Season Draws to a Close

Western Canada’s natural gas production has concluded the most recent winter heating season on a strong note with March 2025 setting a new record for the month at 19.3 Bcf/d (rightmost column and dashed red rectangle in chart below) based on data from RBN’s

Gulf Coast LPG/Propane Spot Terminaling Rates Fall Back to Earth

After running up to 35 c/gal in September 2024 from average rates of 6 c/gal over the previous five years, Gulf Coast spot terminaling rates have dropped back to the single digits.

Another slow week for rigs, as total US count drops one rig and falls to 592

In yet another week that saw very little movement in overall US oil and gas rig count, total rigs declined by one rig, falling to 592 for the week ending March 28 according to Baker Hughes data.

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