U.S. LNG Feedgas Remains Steady

U.S. LNG feedgas demand averaged 13.87 Bcf/d last week, about the same as the previous week, with slightly higher flows at Plaquemines, Sabine Pass and Corpus Christi offset by lower flows at Cove Point and Freeport.

Propane Prices Skyrocket—What’s Next?

Propane prices have surged as freezing weather tightens supply. The propane-to-crude ratio is climbing fast—how far will it go?

Propane Demand Surge: Winter Weather Drives Market Tightness

The U.S. propane market is feeling the strain from severe cold weather, driving demand to seasonal highs. While primary storage remains robust, secondary resupply logistics are critical to sustaining supply.

Back from the Brink - Gulf Coast Re-Exports of Canadian Heavy Crude Oil Return to Life in November

Re-exports of Canadian heavy crude oil recovered to 83 Mb/d in November, up from a four-year low of zero in October, and 142 Mb/d less than a year ago, according to data published by the U.S. Census Bureau.

Constellation to Acquire Calpine in $26.6 Billion Deal

Constellation Energy said January 10 it will acquire privately held Calpine in a cash-and-stock deal valued at $26.6 billion, giving the combined company about 60 gigawatts (GW) of power generation capacity from no- or low-emissions sources at a time when power demand is expected to rise thanks t

US Rig Count Falls To 584 After Four Weeks of No Change

After five consecutive weeks at 589, US oil and gas rig count fell to 584 for the week ending January 10 according to Baker Hughes data, a decline of five. Rigs were added in the Anadarko (+3), while the Eagle Ford (-3), Niobrara (-1) and All Other (-4) all lost rigs.

Canadian Drilling – Rig Counts Come Roaring Back After the Holiday Break

For the week ending January 10, Baker Hughes reported that the Western Canadian gas-directed rig rose 22 to 72 (blue line and text in left hand chart below), eight less than one year ago and its largest one-week increase since the beginning of 2021.

Oil Production Begins at Whale Platform in Gulf of Mexico

Oil production has begun at Shell and Chevron’s Whale platform in the Gulf of Mexico, the companies announced January 9. The platform sits in more than 8,600 feet of water in Alaminos Canyon Block 773, about 200 miles southwest of Houston.

Record High Canadian Crude Imports Hit the U.S. Last Week

Canadian crude imports into the U.S. hit a record high weekly volume for the week ended January 3, surging by 690 Mb/d to reach 4.42 MMb/d. This significant increase in Canadian imports occurred despite an overall decline in crude imports by 500 Mb/d to 6.43 MMb/d.

Alberta Crude Oil Production Pushes to Record High in November

Alberta’s crude oil output in November 2024 reached a record high of 4.20 MMb/d (pink dashed rectangle in chart below), inching out ahead of the prior record holder of 4.19 MMb/d set in December 2023 (black dashed rectangle) according to data released by the Alberta Energy Regulator (AER).

Website Upgrades