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.
After years of relentless balance-sheet repair, the upstream oil and gas industry may be reaching an important turning point in its capital-allocation strategy. Today, we review Q2 2026 cash allocation and analyze a trend that is far from uniform, revealing sharply different priorities among E&Ps.
U.S. propane inventories posted a counterseasonal 1.4-MMbbl draw. Stocks remain historically high, but continued draws or below-normal builds could quickly narrow the surplus ahead of the winter heating season.
The Future of Fuels bi-annual report by RBN's Refined Fuels Analytics provides an in-depth analysis of the U.S. and global refinery industries, focusing on crude oil and fuel market dynamics, supply and demand, alternative fuels, refinery capacities, and price forecasts to help stakeholders navigate the evolving energy landscape.
As discussed in this week’s Crude Voyager, the cost of moving U.S.
Enbridge is buying Tallgrass Energy's crude oil transportation business for $2.55 billion. The deal includes a 75% stake in the 1,050-mile Pony Express Pipeline system, which connects oil production in the Rockies to Cushing and provides access to about 500 Mb/d of refining capacity.
Ksi Lisims LNG LP, the consortium that owns the proposed Ksi Lisims LNG project to be located on the northwest coast of British Columbia, has signed a Heads Of Agreement with Australian energy company Santos for the sale and purchase of 1 million tonnes per annum (MMtpa) of LNG for a term o
Total U.S. LNG feedgas demand averaged 18.9 Bcf/d for the week ending September 13 (blue-dotted line below), up slightly week-on-week with small changes across all terminals.
Today, we look at why high crack spreads don’t necessarily increase a refinery’s output, how market disruptions elsewhere can drain U.S. inventories, and the indicators that will help tell us whether the diesel squeeze is easing (or worsening).
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.
The frac spread — a rough gauge of the value of extracting NGLs from raw gas — hit $6.15/MMbtu last week, its highest level since February 2024.
Summit Midstream is moving full speed ahead with its 900-MMcf/d expansion of the Double E Pipeline after it secured about 550 MMCf/d of long-term commitments to move natural gas from the Permian Basin’s Delaware Basin toward the Waha Hub.
U.S. oil and gas rig count gained three rigs to 591 for the week ending September 11 according to Baker Hughes data, as gains in the Bakken (+5), the Eagle Ford (+1) and the Niobrara (+1) more than offset a one-rig decline in Gulf of Mexico and a three-rig decline in All Other.
