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.
The early signs of a rebound can be seen in Venezuela, where crude oil production and exports are on the rise, although plenty of unknowns remain. Today, we look at how much Venezuelan crude is reaching the U.S., how the U.S. import slate has changed, and preview our latest Drill Down Report.
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.
While most of the discussion about Venezuela involves crude production, it’s important to know that the country was also once a major refiner before it began a decade-long downturn. Today, we look at the history of Venezuela’s refining sector and the prospects for a turnaround.
A major theme under the second Trump administration has been “energy dominance,” with a focus on expanded drilling, increased oil and gas production, and an easier path to project approvals. Today, we explain why the goal of “energy dominance” doesn’t mean going it alone, especially when it comes to the refining sector.
Wow! Pragmatism! Driven by physics, economics and, yes, even politics. It’s clear that 2025’s reset will carry into 2026, and energy markets are breathing a collective sigh of relief. So what does this renewed tilt toward fossil fuels mean for markets? Today, our Prognostications for 2026.
Wow! Pragmatism! Driven by physics, economics and, yes, even politics. It’s clear that 2025’s reset will carry into 2026, and energy markets are breathing a collective sigh of relief. So what does this renewed tilt toward fossil fuels mean for markets? Today, our Prognostications for 2026.
In the early 2000s, prices for West Texas Intermediate (WTI) were becoming increasingly disconnected from global fundamentals. WTI reflected conditions in the Midcontinent at the Cushing, OK, crude oil storage hub, where bottlenecks repeatedly distorted its value. In today’s RBN blog, we look at how the problem contributed to the creation of the Argus Sour Crude Index (ASCI) 16 years ago, how the index has evolved and whether it remains relevant today.
After setting an annual record of 4.1 MMb/d in 2024, U.S. crude exports started off this year relatively strong, but cracks soon began to show, with volumes falling all the way to 3.2 MMb/d in July, one of the weakest months since 2023. But just when it seemed the momentum was gone, Gulf Coast exports rebounded to near 3.9 MMb/d in August and are topping 4.1 MMb/d so far in September. In today’s RBN blog, we look at how shifts in production, imports and refinery runs have impacted U.S. crude exports.
