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 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.
There’s an interesting aspect to the buildout of new Permian gas processing capacity, NGL pipelines, fractionators and NGL export terminals, namely that virtually all of the projects are being undertaken by midstream companies that handle NGLs along their entire value chain, from wellhead to water.
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.
Haynesville production is beginning to climb again as spring maintenance winds down, with LNG demand expected to rebound as the Freeport facility restarts and Golden Pass commissioning advances.
Crude exports out of the Gulf Coast averaged 5.1 MMb/d (far right of chart below) for the week ended June 5. As discussed in our Crude Voyager Report, Louisiana posted its strongest week since August 2023, averaging 864 Mb/d of exports. The increase was driven by elevated activity at the Louisiana Offshore Oil Port (LOOP), which loaded its highest weekly volume since November 2024.
The WTI crude-to-gas ratio has softened in June but remains above year-ago levels. Check out the latest RBN Insight for the details.
The Marcellus/Utica still has vast amounts of natural gas to supply the ongoing surge in demand from power generators and LNG exporters. But there’s a catch: A significant step-up in Appalachian production can only occur if new pipeline infrastructure is built to transport that gas to where it’s needed.
Natural gas prices were up week-on-week, but still remain negative. Things may be set to change though, as the Gulf Coast Express expansion is imminent.
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.
U.S. Gulf Coast ethane cracker margins have come back to earth after several weeks of extraordinary profitability.
The U.S. is at the tail end of an incredible wave of LNG expansion that has so far seen nine new projects across seven terminals reach a final investment decision in a little over a year. Today, we take a closer look at the Commonwealth LNG project and what comes next for U.S. LNG development.
U.S. oil and gas rig count gained one rig to 563 for the week ending June 5 according to Baker Hughes data, with little movement across most basins, as a two-rig gain in Permian offset a one-rig decline in Anadarko and all other basins were unchanged.
