RBN’s Daily Energy Blog and Insights sharpen your energy IQ through fundamentals-based analysis that makes sense of North America’s energy market dynamics.
Global prices for refined products have remained elevated for a number of reasons, with the state of Russia’s refining sector a major, if sometimes overlooked, factor. Today, we look at the conditions in Russia, how trade flows have shifted, and what a post-war recovery might look like.
The diesel crack has become a key focal point for the market. After surging more than 11% last week to $92.75/bbl, 264% above year-ago levels, it pushed to a record $99.125/bbl yesterday, bringing the $100/bbl mark within striking distance.
NATGAS Permian is a weekly natural gas fundamentals analysis focusing entirely on the key market drivers within the Permian basin. The report contains details and forecasts around natural gas production, demand, pricing, and a summary of pipeline outflows and capacities from the Permian to neighboring regions.
U.S. propane inventories reached an all-time high as the Midwest led the weekly build and Gulf Coast stocks set a regional record.
Since the start of 2022, more than 12 Bcf/d of new gas processing capacity has come online in the Permian, about half of it in the Midland Basin and half in the Delaware. That unprecedented buildout will be continuing in 2027-29, and the shift toward the gassier Delaware is picking up steam.
Kinetik said its Q2 2026 earnings call that its Permian operations were boosted by structural tailwinds from gassier production, increased natural gas takeaway capacity and surging power demand.
Gulf Coast crude exports rose 20% week-over-week to 3.6 MMb/d, but the more telling development was the renewed strength in Houston. Enterprise Houston loadings increased 21% to 786 Mb/d, while Seaway Freeport returned to the export market for the first time in eight weeks.
U.S. LNG feedgas demand was relatively consistent last week, with most terminals operating at or near full contracted utilization except for Freeport, where one train is offline for maintenance.
NATGAS Billboard is a daily, early morning email and report that provides an up-to-the-minute view of the natural gas market outlook, including storage injections/withdrawals and price. Billboard’s models incorporate pipeline flow data, weather models, electricity demand data and more.
AltaGas has delayed the startup of its Ridley Island Energy Export Facility, so buyers won’t have the benefit of increased fuel supplies this winter. Today, we review the existing LPG export terminals on North America’s west coast and how their growth has impacted Western Canadian LPGs.
Last week the price of isobutane in Mont Belvieu soared above 145 c/gal, the highest in four years.
For the first time in years, the Permian Basin’s chronic natural gas takeaway constraint is beginning to ease — and in a big way. Today, we discuss the major Permian gas pipeline projects scheduled to come online in 2026-27, how much new capacity they will provide, and consider what it all means.
