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... represent 60% of the U.S. total, with most of the growth for the past few years coming from the two terminals at Corpus/Ingleside that can almost fully load a VLCC – Very Large Crude ...
RBN Team - Published March 11, 2024
... decline in 2022, according to recent data from the EIA. That’s in contrast to the rest of the U.S., where ... by product supplied (see graphic below), averaged 409 Mb/d for the first four months of 2023, down from 476 Mb/d in ... advantage of economies of scale; and renewable diesel can be blended into any concentration, performs better in the ...
Jason Lindquist - Published July 10, 2023
... WTI at Cushing has averaged a hefty $1.80/bbl over NYMEX for the past year. Most spot Houston and Midland crudes trade ... of physical pipeline deliveries. At the same time, they can be convoluted, arcane and quite opaque, even while ... real price makers, and it’s the workings of those deals that are generally misunderstood by many market participants, ...
Rusty Braziel - Published April 6, 2023
... been in overdrive this winter — it seems the world just can’t get enough of the super-cooled natural gas. Moreover, ... one of the closest and potentially largest sources of LNG for Asian buyers. With one major LNG export project already ... of its gas as LNG, it has been bidding higher for cargoes that might have gone to Asia otherwise. Meanwhile, natural ...
Martin King - Published February 27, 2022
... of consolidation in the midstream space as the companies that gather, process, transport, store and export ... released Drill Down report on the major midstream deals of 2022 and 2023 to date. There are many reasons why large ... smaller midstreamers or merging with near-equals. For many, buying another company and its set of assets gives ...
Housley Carr - Published October 22, 2023
... by another year of high values in 2023. The numbers for 2024 and (so far) 2025 have been more stable, but still ... consumers who pay close attention to gasoline prices know that the retail pump price differential between premium ... value below 20 cents/gal to about 90 cents/gal today. We can think of this premium-regular price differential (also ...
George Hoekstra - Published September 17, 2025
... it down when they fell, it seemed reasonable to expect that market-driven responses would help maintain stability. ... few metrics explain it better than today’s different-as-can-be relationship between crude oil prices and the U.S. rig ... closely tracked statistics in the energy industry — and for good reason. The level of drilling activity is a leading ...
Housley Carr - Published March 29, 2022
... total authorized capacity of 714 MMbbl. The DOE maintains that the national crude oil reserve is always drawdown-ready, which means it can release barrels to the market within 13 days of ... process, award contracts, and arrange the logistics for oil transportation. The DOE estimates an additional 6-8 ...
Sheela Tobben - Published November 21, 2024
... Tobben Guyana’s crude oil production is surging, a trend that is expected to continue through the rest of the decade, ... barrels of oil equivalent (boe). Stabroek (the old name for Georgetown, Guyana’s capital city) is being developed ... to export tankers using hoses. The production facilities can receive a wide variety of ship classes, including Very ...
Sheela Tobben - Published August 18, 2024
... as we head to the beach, to barbecues, or to the mall for back-to-school shopping. The main culprit is crude oil ... — except in California, of course. Crucial to sustaining that production long-term is not just replenishing U.S. oil ... be There, we raised the question: “How much longer can the U.S.’s shale reserves support U.S. oil and gas ...
Tom Biracree - Published August 22, 2023
... in the past four years, and may well double again by 2022. That rapid growth — driven by the pursuit of Permian crude ... Down Report on Permian NGL production growth and the need for more NGL-related infrastructure. One of the surer bets in ... per barrel of oil equivalent (boe). But production growth can only occur if sufficient supporting infrastructure is in ...
Housley Carr - Published September 13, 2017
... up about 60 days later in monthly data. The problem is that the balances don’t balance. EIA uses a plug number ... alternatively called “adjustment” or “unaccounted for” to force supply and demand to equate. That would not ... meaning more demand than supply. And the difference can be mammoth: last week it was 2.3 MMb/d, or 18.4% of U.S. ...
Housley Carr - Published March 8, 2023
Jason Ferguson A lot of people know that Permian natural gas prices have spent many days in ... may come as a surprise to hear that forward basis prices for natural gas in the Permian are trading at a premium to ... (red line), but we want to point out some highlights. You can see there are four months on the curve that are priced ...
... with sanctions, announcing just days after the war began that it would prohibit imports of Russian oil and certain ... key figures in Russia’s energy industry were targeted for individual sanctions. On the oil side, the European ... out back then in The Hard Way Every Time , embargoes can trigger a lot of creative workarounds for those affected, ...
Lisa Shidler - Published January 29, 2024
Martin King It wasn’t that long ago that Western Canada was awash in propane, sending the vast surplus for export by railcar to the U.S. That has changed in the ... in nature. Using data from RBN’s NGL Voyager Report , we can estimate that these exports (orange columns) appear to ...
Martin King - Published October 4, 2021
... to oversee a restart of a shuttered nuclear power plant for the first time — the Palisades Nuclear Plant in ... steam. The steam is then used to spin large turbines that drive electric generators to produce electricity. Large nuclear power plants like Palisades can have an output of more than 1,000 megawatts (MW) and ...
Lisa Shidler - Published September 11, 2024
... the most-watched event on the TV calendar, where the cost for a 30-second ad went for a whopping $6.5 million — to ... with sourcing the minerals and metals needed to make that technology work (see Tell It Like It Is ) to the ... sticker prices, too. A 2022 Nissan Leaf or Chevy Bolt EV can be found with suggested retail prices in the low ...
Jason Lindquist - Published April 6, 2022
... a year makes! The summer of 2022 was a golden age for U.S. E&Ps that embraced a dramatic shift in their business model from ... billion in Q1 2023 and $20 billion in Q2 2023. As you can see in Figure 2, the reinvestment rate for our E&P ...
Nick Cacchione - Published September 7, 2023
... Gulf Coast next year, but it is unlikely to be the flood that was once expected. This year’s decline in oil prices has slashed budgets for West Texas producers and rig counts show no sign of a big ... pipelines in Path G is at least 2 Bcf/d and the corridor can act as a relief valve for the HSC market should it become ...
... madness of war in Europe, with all sorts of consequences for energy markets: sanctions, boycotts, cutbacks, strategic ... a solid grasp of how these factors are linked together. That is what School of Energy Spring 2022 is all about! In ... in last week’s EIA statistics. In our series called I Can't Go for That (No Can Do) we did a deep dive into the ...
Rusty Braziel - Published April 4, 2022