The monthslong closure of the Strait of Hormuz and the related surge in crude oil exports from the U.S. Gulf Coast has prompted two big questions: (1) how much oil can the region’s marine terminals reliably send out on a sustained basis and (2) does the USGC need more export capacity.
The U.S. is seeing softer domestic demand for traditional fuels, but pockets of the country remain highly dependent on imported gasoline, jet fuel and diesel. Today, we’ll zero in on which PADDs are at the highest risk for shortages and price spikes if the Iran war drags on for an extended period.
Crude oil production from the Western Canadian Sedimentary Basin continues to grow, but U.S. PADD 2 refiners are already taking nearly as much as they can. Growing production could move into Cushing, OK, and Patoka, IL, but will there be enough pipeline capacity to reach the Gulf Coast?
End markets for Canadian crude oil have evolved as production and export capacity have grown, especially in the past few years. Today, we dig into the data to see where Western Canadian Sedimentary Basin crude oil supply goes, how it gets there, and how those destination markets have evolved.
The White House has issued a 60-day waiver of the Jones Act, which will allow foreign tankers to move crude oil and refined products between U.S. ports in a bid to cool gasoline prices. Today, we dive into what the waiver could mean for U.S. refiners, consumers, and other market participants.
Despite ongoing efforts by Pemex to boost production of gasoline, diesel and jet fuel, the Mexican market still depends on imports from the U.S. for just over half of its refined product needs. And moving nearly 700 Mb/d of transportation fuels to population centers south of the border is no easy task.
U.S. exports of gasoline, diesel and jet fuel to Mexico have been mostly rising the past 15 years. Over that same period, the Mexican government’s policy on the import-related roles of state-owned Pemex and private companies has zigged and zagged, slowing efforts to develop new midstream infrastructure.
Northeast Texas is increasingly a key conduit for natural gas supply pushing toward rising Gulf Coast LNG demand. The region’s supply is poised to surge over the next decade, driven by new inflows from the Permian and rising local production, including from the emerging Western Haynesville play.
The U.S. is on the brink of a major transformation in refined products. New pipelines into the Desert Southwest and connecting out to California, along with refinery shutdowns along the West Coast, are poised to usher U.S. refiners into a new era shaped by consolidation, efficiency and market power.
Haynesville natural gas production is heading back to record levels thanks to growing LNG demand and new pipelines designed to move gas from north to south in Louisiana. In today’s RBN blog, we’ll preview some of the topics RBN will be covering regularly in the new NATGAS Haynesville report.
