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.
The U.S. energy industry is continuously evolving. Unlike the previous era of unconventional supply growth, demand is increasingly determining where capital will be deployed, reshaping investment priorities. That’s today’s subject and the focus of our upcoming School of Energy: Foundations.
There are several approaches hyperscalers can take to mitigate the climate-related impacts of their increasing gas consumption for data centers. These include buying and retiring environmental credits; capturing and sequestering gas-plant CO2; and developing more renewables and nuclear capacity.
NATGAS Permian is a weekly natural gas fundamentals analysis focusing entirely on the key market drivers within the Permian basin. The report contains details and forecasts around natural gas production, demand, pricing, and a summary of pipeline outflows and capacities from the Permian to neighboring regions.
Although the emergency Jones Act waiver issued in March 2026 generated considerable attention, it has had minimal impact on the U.S. LPG/propane market. Based on MARAD voyage reports, only three propane cargoes moved under the waiver, totaling approximately 540 Mbbl.
Efforts to develop a new LNG export terminal along the Delaware River near Philadelphia appeared to be going nowhere. But now it seems that Penn America Energy’s moribund plan for such a project has gained new life with a new company name and a new site — in Eddystone Borough, PA.
U.S. oil and gas rig count edged up one rig to 581 for the week ending July 10 according to Baker Hughes data, as gains in the Eagle Ford (+3) and Gulf of Mexico (+3) eclipsed a five-rig decline in Permian, with all other basins unchanged. Oil-directed rigs were unchanged at 445 and gas-directed rigs were unchanged at 126, while miscellaneous rigs climbed to 10 (+1). Total U.S. rig count is up 36 over the last 90 days and now stands 44 rigs above this week in 2025.
In Western Canada, the gas-directed rig count fell by one to 57 rigs, while the oil-directed rig count dropped by 11 to 116 rigs, for the week ended July 10, according to Baker Hughes data.
The price of the D4 Renewable Identification Number has increased 130% so far in 2026, a response to a 70% increase in the minimum bio-based diesel volume mandate and a higher price premium for soybean oil. Today, we analyze the additional factors at play, from theoretical and practical standpoints.
Crude Oil Permian provides detailed analysis of the fundamental drivers impacting the Permian Basin crude oil market including weekly data, analysis and market intelligence updates of: Permian crude oil supply and demand, pipeline outflows and capacity, prices, and infrastructure updates.
M&A activity in the oil and gas minerals/royalty space had quieted during a prolonged wave of major E&P consolidation. As that activity winds down, rising realizations for both oil and gas have spurred a major consolidation among royalty trusts as well as a recent successful initial public offering.
The EIA's Weekly Petroleum Status Report (WPSR) for the week ended July 3 pointed to a notable softening in U.S. crude market fundamentals, marking a shift away from the supply-driven tightness that has characterized recent weeks amid the Iran conflict.
U.S. propane inventories posted a counter-seasonal draw during the week ended July 3, well below industry expectations. The decline was centered in PADD 3, where inventories recorded their largest same-week draw.
