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.
ONEOK is buying Brazos Midstream’s Midland Basin natural gas gathering and processing assets for $4.425 billion. ONEOK says this acquisition will more than double its Midland Basin processing capacity to roughly 2.3 Bcf/d.
Artificial intelligence is reshaping the global energy landscape faster than any technological shift in recent memory. Chevron’s Project Kilby, a natural‑gas‑fired power plant built specifically to supply an AI data center, represents a strategic pivot for Chevron into a new business vertical.
The Crude Voyager is a weekly analysis of U.S. Gulf Coast loading activity that explains the ebbs and flows of crude loadings, destinations, and geopolitical issues impacting U.S. exports. It outlines the major paths for laden tankers hauling U.S. crude all over the world and reflects the change in tanker departures to the main regions that consume U.S. crude.
As discussed in this week’s Crude Billboard, the EIA’s latest Weekly Petroleum Status Report (WPSR) shows how strong refinery demand and exports can quickly tighten U.S. crude balances, even as imports rise.
A counterseasonal draw pulled U.S. propane inventories lower as exports and product supplied increased, but stocks remained well above historical levels.
Enbridge is buying Salt Creek Midstream’s crude-oil gathering business for $600 million, which includes full ownership of the Orla and Wink North systems and a 50% interest in Delaware Crossing. Today, we’ll discuss how the deal strengthens Enbridge’s link between Permian production and export markets.
USGC refining margins strengthened again in August as surging diesel cracks pushed the 3-2-1 crack spread to an average of $65/bbl, more than two-and-a-half times its year-ago level.
U.S. LNG feedgas rebounded sharply last week as Freeport returned from an extended maintenance outage and Corpus Christi intake recovered from pipeline work.
NGL Voyager offers subscribers a comprehensive market analysis of natural gas liquids exports which are driven by fundamentals, and combined with the latest industry buzz. The report examines U.S. export trends for propane, butane and ethane, and includes port of origin, destination and volume.
Alberta crude oil and condensate production for July averaged 4.762 MMb/d, up 271 Mb/d or 6% vs. June, and up 116 Mb/d compared the prior July record of 4.646 MMb/d set last year, according to data released by the Alberta Energy Regulator on August 31.
A small cadre of E&Ps active in the San Juan Basin’s Mancos Shale is anticipating breakout growth in natural gas production there if and when gas prices rise, and a well-known midstreamer is planning what could eventually be a high-capacity gas pipeline to the burgeoning Arizona market.
The Trans Mountain pipeline's owner Trans Mountain Corporation said in its Q2 results press release on August 28 that it expects to increase the pipeline's "nominal system capacity by approximately 90,000 bpd by the end of 2026".
