Running on Empty - Gulf Coast Re-Exports of Canadian Heavy Crude Oil Fall to Zero in October

Zero re-exports of Canadian heavy crude oil from the Gulf Coast were recorded for October 2024 (black text and arrow in chart below), a pullback from a modest 84 Mb/d in September and a collapse from the record of 378 Mb/d one year ago, based on data published by the U.S. Census Bureau.

New Updates to the LNG Voyager Report

A new and improved LNG Voyager Report will be released on December 17th!
We've expanded our coverage of the latest LNG updates including Altamira and Plaquemines.
A new, enhanced layout improves the report’s appearance and usability, ensuring a more user-friendly experience.

Weekly U.S. Crude Oil Exports Plummet But 4-Week Average Trends Higher

U.S. crude oil loadings averaged 2.9 MMb/d last week, a drop of 1.5 MMb/d from the previous week. Last week’s export volumes fell short of the year-to-date (YTD) average by about 979 Mb/d.

Another Early Christmas Present as Western Canadian Natural Gas Production Sets A New Record

Western Canadian natural gas production experienced an upswing in the early days of December resulting in a new single day output record of 19.38 Bcf on December 6 (red text and arrow in chart below) based on data from RBN’s Canad

Boxer and Eugene Island Oil Pipes in Gulf Resume Service

Shell’s Boxer pipeline and Eugene Island Pipeline System (EIPS) in the Gulf of Mexico have resumed service, according to the company.

Permian-to-Corpus Crude Oil Flows Dipped in July After Peaking in May

According to the latest monthly data from the Texas Railroad Commission, crude oil flows from the Permian Basin to Corpus Christi (blue line in graph below) declined to 2.36 MMb/d in July, down 26 Mb/d compared to June.

Permian to Gulf Coast Crude Oil Differential More Than Doubles in 2024

The price differential between Permian/Midland WTI crude oil and Gulf Coast WTI, represented by Magellan East Houston (MEH), has widened this year due to shrinking surplus pipeline capacity out of the Permian Basin due to rising production levels. As shown in the graph below, the differential has

Saudis Leave OSPs for U.S. Customers Unchanged for Supply in January

State-owned Saudi Aramco has left unchanged official selling prices (OSPs) for its crudes bound for the U.S. in January 2025, halting a four month stretch of cuts. These prices are differentials to Argus Sour Crude Index (ASCI, see table below for details).

US Rig Count Up Seven On Gains In Multiple Basins After Weeks of Stagnation

US oil and gas rig count grew by seven for the week ending December 6, the largest weekly gain since September, climbing to 589 according to Baker Hughes.

Canadian Drilling – Gas Rigs Hold Steady at Seven-Month High, Oil Rigs Slip to Five-Month Low

For the week ending December 6, Baker Hughes reported that the Western Canadian gas-directed rig count was unchanged at 70 (blue line in left hand chart below), four less than one year ago and holding at its highest level since mid-April.

Website Upgrades