Ukraine Halts Flow of Russian Gas to Europe

Since Russia began its large-scale invasion of Ukraine in February 2022, interruptions in the flow of Russian natural gas to Europe have roiled energy markets on the continent – and created new opportunities for U.S. LNG exporters.

Weekly U.S. Crude Oil Exports Hold Steady for Third Consecutive Week

U.S. crude oil exports averaged 4 MMb/d last week, a modest increase of 24 Mb/d from the prior week, marking the third consecutive week of stable volumes.

Permian-to-Houston Crude Oil Flows Rebounded in July Following Wink to Webster Maintenance

Permian Basin crude oil flows to Houston showed signs of recovery in July 2024, rebounding from the sharp decline in June that marked the lowest volumes since September 2023 (see blue line on the chart below), according to the latest monthly data from the Texas Railroad Commission. The dip in Jun

Fireworks in Natural Gas Futures in Advance of New Year’s Eve

In many industries, the period between Christmas and the New Year can be the most boring time of the year with big decisions postponed until holidays have ended. However, it is frequently one of the most exciting weeks in natural gas trading, as we can clearly see this year.

ConocoPhillips' Nuna Project produces first oil

ConocoPhillips recently announced the firm got its first oil from the Nuna drill site on Alaska’s North Slope.

U.S. Propane Inventories Draw Largest on Record Despite Lower Exports

The EIA reported total U.S. propane/propylene inventories had a withdrawal of 4.5 MMbbl for the week ended December 20, the largest for the reporting week in the last 10 years.

Refinery Demand Back Up As Inventories Fall

Happy holidays all. Net refinery input increased by 200 Mb/d to 16.82 MMb/d (red area in graph below), a bullish sign as refinery demand recovers much of its losses from previous weeks and nears the psychologically important 17 MMb/d threshold.

Canadian Drilling – Rig Counts Hit a Low for the Holidays

For the week ending December 27, Baker Hughes reported that the Western Canadian gas-directed rig count fell five to 51 (blue line in left hand chart below), eight less than one year ago and its lowest since early June 2023.

Increased Efficiency Boosts U.S. Crude Oil Production as Rig Count Declines

Crude oil production in the Lower 48 averaged 11.3 MMb/d in November (see left side of chart below), a 3% year-on-year increase, even though active rigs declined in most major producing regions, demonstrating gains in operational efficiency, the Energy Information Administration (EIA) said in its

Santa Arrives Just on Time! – A New Daily Natural Gas Production Record for Western Canada

Western Canada’s natural gas production has remained very robust during December 2024 with a new single day record being achieved on December 25 at 19.38 Bcf (red arrow, text and Santa in chart below) based on data from RBN’s Cana

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