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.
Rising crude oil prices provided a powerful tailwind for Oil-Weighted E&Ps, while plunging natural gas prices wounded Gas-Weighted producers after a bountiful Q1. Today, we review the Q2 2026 results of the 37 publicly traded E&Ps we cover and analyze the remarkably wide performance gap they reveal.
AltaGas has delayed the startup of its Ridley Island Energy Export Facility, so buyers won’t have the benefit of increased fuel supplies this winter. Today, we review industry plans to expand LPG export capacity on North America’s west coast, and how this could impact North American LPG markets.
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.
U.S. Gulf Coast crude is returning to Nigeria after a roughly five-month absence, with two Aframax cargoes loaded for the Dangote refinery in Lekki.
U.S. LNG feedgas demand dropped last week as disruptions at Freeport and planned pipeline maintenance at Corpus Christi reduced deliveries.
The Permian Basin is poised to gain new natural gas pipelines and projects over the next year or two, finally easing its long-standing takeaway constraints. But the changes will not stop there. A new wave of proposed projects could further reshape the basin into the 2030s.
Outflows from the Permian Basin were down last week. Nevertheless, production remains very high
British Columbia is a new hot spot for LNG export development. The first phase of LNG Canada is up and running; Phase 2 is nearing FID. Two smaller LNG export projects are under construction; and a 12-MMtpa (~1.6 Bcf/d) proposal may be sanctioned soon.
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U.S. oil and gas rig count fell by five rigs to 588 for the week ending August 21 according to Baker Hughes data, as declines in Gulf of Mexico (-2), Haynesville (-2), the Niobrara (-1) and All Other (-3) overwhelmed gains in Permian (+2) and the Eagle Ford (+1).
In Western Canada the gas-directed rig count was unchanged at 65 rigs, while the oil-directed rig count was up 1 to 147 rigs, for the week ended August 21, according to Baker Hughes data.
Steelmaker Cleveland-Cliffs will spend $1 billion to modernize the blast furnace at its Middletown, OH, facility, a total that includes a $500 million Department of Energy (DOE) grant originally intended to support a hydrogen-focused decarbonization project, the company said August 21. The revised project will reline and upgrade the blast furnace while installing a cogeneration plant for the Middletown site.
