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... the fundamentals of the crude oil market. To do this you need to understand what’s happening with production, ... exports, refinery demand, storage, pricing, and how they all interact with each other. This section covers the ... demand for these refined products. (Your car wouldn’t get very far on raw crude oil!) We’ll look at global and ...
Johnny Martin - Published September 26, 2023
... hanging in there at 533.4 million barrels, just under the all-time record hit last week. U.S. production is up almost ... Energy Information Administration. But where do they get the numbers? And what can we learn about the crude oil ... is that there are a lot of moving parts that would need to align perfectly to provide a crystal-clear picture of ...
Rusty Braziel - Published April 12, 2017
... U.S. crude oil, natural gas and NGL production hit new all-time highs almost every month. Oil production grew by a ... impossible to answer such a question, right? Nah. All we need to do is stick our collective RBN necks out one more ... is actually flowing. We still think these markets will get turned inside-out whenever ME2 is flowing at its full ...
Rusty Braziel - Published January 1, 2019
... butane market was anything but normal the past few weeks. All’s back to square one now, but in the last week of 2016 ... (IC4), an isomer of normal butane that (as we’ll get to in a moment) is a bit more exotic. As we said a while ... we go into what we think may have been behind this, we need to point out the profound effect that this super-spike ...
... for shipping gas into the state from other supply regions. All that may have been acceptable—or at least ... these are relatively monstrous power plants that need to run 70% of the time. Thus, FPL has been keen to ... from the Northeast’s Marcellus and Utica basins (see Get Back to Where You Once Belonged ) is the driver behind ...
Sheetal Nasta - Published April 18, 2017
... and Maritime Canada. But unfortunately, about the time all that infrastructure was in place, crude prices started to ... trains at many East Coast refineries. And these refineries all have water access, making deliveries by barge convenient. ... (blue line, left axis), reducing the East Coast’s need for Bakken crude in the process. Figure 2; Source: ...
Troy Vincent - Published September 26, 2016
... recent memory. Mont Belvieu fractionation capacity is, for all intents and purposes, maxed out. Production of purity NGL ... implications of a tight fractionation market, but did not get the NGL heebie-jeebies. So what has changed? The answer ... piece of evidence that we’re in uncharted territory, we need to look no further than the differential — the basis ...
Rusty Braziel - Published September 16, 2018
... the energy industry to deliver fuel and power where they need it, when they need it, and for a price that everyday ... the most aggressive timelines of any state. Before we get into the details of the changes coming down the line, ... for a combined 87% of the mix, down from 97% in 2001.) But all of that stands to change — and quickly. The state aims ...
Jason Lindquist - Published November 20, 2023
... below the national index Henry Hub (in Louisiana) nearly all year round, after it had traded at a considerable premium ... that differential between Zone 5 and Zone 6. Don’t get us wrong — that relationship is not expected to flip ... the project on August 1, 2017. The operator said it would need the authorization by July 26, in order to give customers ...
Sheetal Nasta - Published July 13, 2017
... Point A to Point B. It’s also about helping producers get the highest possible price per barrel. Back in the olden ... from the Mid-Continent to the Gulf Coast (where half of all U.S. refining capacity resides) supplies started backing ... qualify as a shuttle, a pipeline or pipeline system would need to have a significant diameter (we set the cut-off ...
Housley Carr - Published October 1, 2017
... Necessity is the mother of invention, and the desperate need to transport increasing volumes of crude oil out of the ... of any sort — and pronto. In our recent blog series, All Dressed Up With Nowhere to Go , we examined how rising ... to the Gulf Coast and scramble to find ways to get all their crude to market. All of that incremental ...
Housley Carr - Published May 20, 2018
... would end up and, just as important, how they would get there. As we explained, most of those barrels will be ... much more low-API oil into their crude slates, almost all of the incremental imports will need to flow through the Midwest to the Cushing, OK, hub and ...
Housley Carr - Published August 17, 2025
... the EACs used to establish compliance will generally need to be matched to clean energy production on an hourly ... would require 300 electrolyzers. The combined needs of all nine projects total about 2,800 MW of renewable ... potential to be a game changer in the long term if it can get out of the starting gate. In our next blog in this ...
Jason Lindquist - Published February 21, 2024
... a gas producing basin as definitively oversupplied. That all changed yesterday, as word came in that Southern ... has nearly filled its gas storage caverns and will soon need far less gas hitting its borders. That’s particularly ... Wednesday morning to gauge the impact of the news. We’ll get to those ramifications in a moment, but first a little ...
... out of gas fired power generation assets (see The Gas All Went to Mexico ). More recently we covered the existing ... see Light My Fire ). But the energy trade traffic is not all in one direction. The U.S. is a significant importer of ... fuels from the U.S. (and others). As we’ll get to, all this suggests that Pemex needs lighter crude that ...
Housley Carr - Published November 16, 2015
... cents and change by Friday, it struck a nerve. Déjà vu all over again. Has this market gone illiquid, just like in ... barrels south is constrained. #4 – At the same time all of this new supply is hitting Conway, new production is ... limiting total petrochemical demand for ethane. All of this translates to a temporarily oversupplied market ...
Rusty Braziel - Published February 13, 2012
... barrels to non-Canadian countries (blue bars) were almost all processed condensate. This year exports have included ... and on to China, in itself, is not an impediment. After all, it takes five weeks to get from the Middle East Gulf to the Gulf of Mexico, and ...
Abudi Zein - Published June 5, 2016
... to be gunning for $2.20 which would have blown through all sorts of technical supports and targets. Of course, it ... the “End of the world as we know it”, right? After all, storage fundamentals indicate that it should have ... the January low ($2.231 on Jan 23rd) and we would only need a few hours below that to be looking for a new floor for ...
Rusty Braziel - Published March 8, 2012
... can, given their pricing outlook. But producers do not all receive uniform prices reflecting NYMEX WTI for their ... whack. If that were to play out, producers would once more need to reckon their appropriate level of capital ... a differential to the NYMEX pricing element. We can get some view into quality differentials through refinery ...
David Braziel - Published July 29, 2020
... plus tribal authorities in some instances. On top of all that, mining projects have also faced increasing ... point in the process. It’s also hard to understate the need to speed up the domestic production of critical minerals ... spoken about the need to speed the permitting process and get more mining operations into development. The ...
Jason Lindquist - Published June 29, 2023