Propane Exports Reach Year-to-Date Peak

Weekly exports of propane reported by the EIA were stronger than the prior reporting week at about 2.2 MMb/d, up 842 Mb/d, and above the four-week average of 1.8 MMb/d. Exports increased by 842 Mb/d to 2,248 Mb/d.

Alberta Crude Oil Sets January Production Record

Alberta’s crude oil output in January 2025 reached a record high for the month at 4.19 MMb/d (rightmost blue column and text in chart below), soaring more than 0.38 MMb/d above one year ago (itself the prior record holder for January) and down a slight 0.07 MMb/d from the all-time high of 4.26 MM

U.S. Crude Oil Exports Jump to Six-Week High

U.S. crude oil exports averaged 4.5 MMb/d last week, an increase of 694 Mb/d, with increased activity observed in all regions except Houston (dark blue stacked area in chart below), which experienced some reduced operations, likely due to fog. This marks a six-week high for U.S.

Plaquemines LNG Terminal pushes U.S. LNG feedgas to Record High in February

The new Plaquemines LNG terminal gave U.S. LNG feedgas the edge it needed to reach record highs in February.

U.S. Monthly Natural Gasoline to Crude Ratio - Chart Toppers

Natural gasoline price for March 2025 currently stands at 92% of NYMEX crude, reflecting a significant increase since May 2024. The last time it was this high was April 2022 at 94%.

Waha Gas Price Plunges As Outflows to the West Were Disrupted

Negative Waha cash prices were a major theme of 2024, but have not been an issue for the first two months of 2025 as high flows on the new Matterhorn Express Pipeline and relatively few maintenance events have loosened constraints in the region and allowed producers to receive actual money for th

Rig Count Finished February With Four Consecutive Gains

The U.S. oil and gas rig count rose by one to 593 for the week ending February 28 according to Baker Hughes, closing the month with four consecutive weeks of increases and a total gain of 11 rigs for the month.

LNG Canada Signals Import of LNG Cool Down Cargo for Early April

On February 27, LNG Canada announced that it will take delivery of an LNG import cargo in early April as part of the liquefaction site’s commissioning process.

Permian Crude Flows to Gulf Coast Ticked Higher in September

Crude oil flows from the Permian Basin to the U.S. Gulf Coast (USGC) edged up nearly 1% in September, reaching 5.69 MMb/d — a 54 Mb/d increase from August (see graph below), according to the latest monthly data from the Texas Railroad Commission.

Light on Its Toes – Light Louisiana Sweet Soars to One of Its Highest Values in More Than Four Years

On February 27, the price differential for Light Louisiana Sweet (LLS), a grade of light sweet crude oil that is produced in the Gulf of Mexico for delivery to the St. James, LA terminal, rose to $4.00/bbl, one if its highest values since at least 2021 (black text and arrow in chart below).

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