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Calling the Shots - Exports Are Now the Driving Force in U.S. Crude, Gasoline and Distillate Markets
... losers in crude oil and product markets. It’s going to get way more intense as export economics increasingly ... in fortunes, why barrels move where they do and what it all means for U.S. producers, midstreamers, refiners, ... data and experience come together to explain what you need to know about the next phase of development in U.S. ...
Housley Carr - Published January 23, 2023
... of Montana generate massive volumes of associated gas that need to be processed (to separate natural gas from mixed ... use of this project.” Still ONEOK has the edge — after all, the company is already transporting virtually all of the ... situation on the NGL side so I won’t comment until we get incremental contracts signed. But needless to say, we are ...
Housley Carr - Published July 20, 2025
... it will be good riddance to have this one behind us. After all, we’ve seen a collapse in transportation fuel demand, ... course, on April 20 we would all discover how bad it could get. But in this blog, we laid out the relationship between ... — some will be exported, but most of the surplus will need to move into storage. At some point, storage will fill ...
Rusty Braziel - Published December 30, 2020
... so they must be commercially justified, which means they need to serve a specific purpose. That’s not to say they ... by Energy Transfer, Phillips 66, and Enterprise. Before we get to the net impacts of these projects and events, here are ... U.S. almost two years ago. Also, our understanding is that all (or virtually all) of the 100 Mb/d-plus of heavy Western ...
Housley Carr - Published January 18, 2022
... ever . In other words, the market is telling traders in all-caps, “SELL, SELL, SELL! Sell any crude you can get your hands on. It’s going to be worth far less in the ... meet refinery specifications, and sent out when refineries need it. Those companies and marketers as well also use ...
David Braziel - Published March 10, 2022
... of 10 from two years ago and roughly in line with the all-time highs seen in late 2019. This tradable credit allows ... in 2020, the Tier 3 gasoline sulfur standard requires that all refiners and importers that deliver gasoline to the U.S. ... A strategy to generate credits in 2024 would most likely need to be made now and implemented through all of 2024. [The ...
George Hoekstra - Published November 29, 2023
... demand and LNG production will close out the year at all-time highs, but with just a few weeks left it looks like ... for multiple projects to move toward FID in 2022. We cover all the latest developments in our LNG Voyager Quarterly ... bass solo). The Race is On album was originally titled I Get Lonely in a Hurry but was changed after “The Race is ...
Lindsay Schneider - Published December 12, 2021
Sandy Fielden A question we get asked all the time these days is whether or not U.S. ... time frame in response to better crude prices or if they need to increase production to raise cash flow or meet volume ...
Sandy Fielden - Published September 28, 2015
... for the region, and—looking ahead--at the possible need for more pipeline takeaway capacity. It’s been a ... the 1.2 MMb/d Capline crude pipeline (co-owned by Plains All American, Marathon Petroleum and BP) still flows north ... or $12 below WTI, reflecting the higher transport cost to get Canadian crude to U.S. refineries and quality ...
Housley Carr - Published May 16, 2016
... and no plans for further expansions at this time. If all the proposed projects come on as planned in the Northeast ... capacity additions, NGLs without local demand will need to leave the region to find a home. NGL pipeline ... 20 Mb/d. Excess butanes and natural gasoline will also need to leave the region to find sufficient demand. There ...
... lowest levels since September 2008 during Hurricane Ike. All this presents refiners with two challenges: (1) reduced ... products from a grouping of crude oils that would all be considered in the “light sweet” range. We’ve ... to run — part of the refinery or the entire refinery may need to be shut down. Some refineries have more than one ...
David Huffman - Published May 6, 2020
... steps that Sentinel’s TGL has knocked off its checklist. All of the terminals vying to get built have dealt with a sluggish permitting process — ... shift has favored smaller tankers, reducing the immediate need to fully load VLCCs offshore. With U.S. crude exports ...
Lisa Shidler - Published February 17, 2025
... trading community has increasingly begun to reassess the need to hedge weather-related risks — everything from high ... said if you bought at least $3,000 in furniture, you’d get it for free if the Houston Astros won the World Series. ... store a load of free publicity, and more than made up for all the free furniture he ended up giving away. Houston’s ...
Jason Lindquist - Published September 24, 2025
... Ten years ago, East Coast refineries imported virtually all of the crude oil they needed — 60% from OPEC, 21% from ... much of it superlight oil or condensate), and that nearly all of the oil refined there — domestic or imported — ... years of the Shale Era (2010-12), PADD 1 refineries — all of which are located in either West Virginia, ...
Housley Carr - Published November 4, 2020
... a mostly mild winter and a general investor pall over all things carbon. The threat of a global coronavirus ... just as the world market was signaling that it doesn’t need any more gas for now. So the global price of gas has ... had already been in a fight for barrels. That would only get worse if crude oil prices continue tanking and production ...
Rusty Braziel - Published March 1, 2020
... double the 1.6 Bcf/d value in 2010, and represented 55% of all the gas used in Alberta last year (red line, right axis). ... rising trend since 2010, when it represented 20% of all gas demand (8.1 Bcf/d). As you might expect, there’s a ... powered by rising oil sands gas use. Okay, we think you get the picture: the oil sands matter. So it stands to reason ...
Martin King - Published April 30, 2020
... as midstreamers scramble to keep pace with the fast-rising need for associated-gas processing. We’ve kept a close ... a fresh production forecast in hand, we can now tally it all up and take a closer look at how processing capacity ... truly understand the potential for constraints, we have to get more granular — it’s about whether you can process it ...
Sheetal Nasta - Published October 10, 2022
... slightly different definition of the “Niobrara,” so we need to start there. Our geographical outline is in Figure 2; to us, the Niobrara is all of the sub-basins that are within the yellow line. The ... capacity, traders and shippers look to find new ways to get to superior-priced markets. Once Liberty starts up, ...
John Zanner - Published August 8, 2019
... outlet for surplus supplies, and most, though not all, of the pipelines in these corridors are fully subscribed ... for gas to actually leave the Northeast region (i.e., get across the Ohio-Indiana border) is closer to 2.3 Bcf/d ... a number of supply laterals that tap into volumes from all three Appalachian gas-producing states — Pennsylvania, ...
Sheetal Nasta - Published April 20, 2021
... To understand what is going on with RINS you first need to know about the ethanol mandates. The Energy Policy ... not without controversy the current market excitement is all about ethanol – by far the largest source of renewable ... pool of gasoline for ethanol blending decreases. You can get a pretty good idea of how the ethanol blend wall is ...
Sandy Fielden - Published March 20, 2013