South Texas LNG Facilities Suffer Setback at DC Circuit

Next Decade's 2.8 bcf/d Rio Grande LNG, its associated 2.6 bcf/d Rio Bravo pipeline, and Glenfarne Group's 0.5 bcf/d Texas LNG (at the southern tip of TX on top map, and just above and to the right of center on lower map) have had their Federal Energy Regulatory Commission (FERC) approvals remove

Enbridge To Add 150 Mb/d of New Capacity on Mainline in 2026-2027

Enbridge is seeking to add 150 Mb/d of egress capacity on its Mainline system (orange line in map below) from Alberta in response to expected supply growth and rising demand from U.S. markets.

DOE Seeks 3.5 MMBbl of Crude for SPR Refill, Starts Restocking Bryan Mound

The U.S. Department of Energy (DOE) is looking to begin refilling its Bryan Mound oil reserve in Texas after the completion of upgrades and repairs. The agency has launched two tenders seeking a total of 3.5 MMBbl of crude oil, some for Bryan Mound, for supply in January 2025.

Crude Oil Exports Drop Following Two-Week Post-Beryl Rebound

Crude oil loadings across the U.S. Gulf Coast dropped following two consecutive weeks of recovery after Hurricane Beryl. Last week, exports totaled 3.8 MMb/d, down 1.1 MMb/d compared to the previous week and 0.2 MMb/d below the year-to-date average.

Alberta Sets New Crude Oil Production Record for June; Year-on-Year Growth Powers Ahead

As reported by the Alberta Energy Regulator (AER), Alberta’s oil production was 3.90 MMb/d in June 2024, a record for the month (rightmost stacked bars in chart below) and 275 Mb/d higher than a year ago.

Saudi Aramco Cuts OSPs for U.S.-Bound Crude For the 1st Time Since April

State-owned Saudi Aramco has cut official selling prices (OSP) for its oil headed to the U.S. for the first time since April.

Steam Cracker Margins on NGL Feedstocks Highest Since Early 2022

Margins for U.S.

Permian-to-Gulf Coast Oil Flows Rebound in February to Second-Highest Month

Crude oil flows from the Permian Basin to the U.S. Gulf Coast (USGC) rebounded in February, reaching 5.64 MMb/d, following a cold snap in January. This marks the second highest monthly flows to the USGC, less than 1 Mb/d shy of December 2023.

Rigs Begin August With Small Weekly Dip, Falling To 586

US oil and gas rig count began the month of August posting a modest weekly decline, dropping three rigs from a week ago and falling to 586 for the week ending August 2 according to Baker Hughes.

Texas Port Shutdowns Ahead of Hurricane Beryl Siphon July Ethane Exports

U.S. oceangoing ethane exports in July were down from June after Texas ports shut down ahead of Hurricane Beryl’s July 8 landfall.

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