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.
Appalachia is churning out just over one-third of Lower 48 natural gas production and has the potential to produce considerably more. The big question is whether output will finally break out.
Some market observers see a massive wave of LNG supply ready to flood the market, but the fears of cargo cancellations may be exaggerated, with the “great wave” more like a gradually rising tide.
Join our Propane Master Class to explore production modeling, midstream infrastructure, Texas gas data, NGL flows, seasonal demand, global trade, market structures, and pricing dynamics. Understand how weather, exports, and trends shape propane economics.
Elliott Affiliate Amber Energy Gets Approval To Buy CITGO Refineries. A Delaware federal judge on Tuesday signed off on a $5.9 billion bid from hedge fund Elliott Investment Management to purchase the three coveted CITGO refineries.
The NYMEX crude-to-gas ratio for November 2025 — shown by the green bar in the chart below — stands at 13.5, down from 18.2 in October, continuing a steady decline since August, with crude averaging $59.7/bbl and gas at $4.43/MMBtu.
U.S. Feedgas demand remains strong and winter peak demand will push feedgas demand higher.
Energy Transfer stitched together its Permian Express system over multiple years and it’s now a standout in the company’s midstream portfolio, able to carry 600 Mb/d of Permian crude to Nederland, TX.
In a pricing twist not seen since 2019, TET propane jumped to a 7.5 c/gal premium over non-TET on Wednesday (11/19) and averaged 6.5 c/gal for the week. This isn’t some obscure NGL spread with little real-world impact — it goes to the heart of how propane is traded.
Join our Propane Master Class to explore production modeling, midstream infrastructure, Texas gas data, NGL flows, seasonal demand, global trade, market structures, and pricing dynamics. Understand how weather, exports, and trends shape propane economics.
LNG Canada is extending flaring activities for the remainder of this month connected to a restart of Train 2 planned for December 1
Building and expanding refineries is a challenging task involving many moving parts. But even the best projects can unravel if politics shift, the economy sours, or another “black swan” event hits.
U.S. rig count climbed higher for the week ending November 21, adding five rigs. vs a week ago for a total of 554 according to Baker Hughes data. Rigs were added in the Niobrara (+3), Permian (+1), Anadarko (+1) and Appalachia (+1), while the All Other group (-1) was the only weekly decline.
