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.
For many, 2026 will be remembered as the year that diesel cracks topped the century mark ($100/bbl) for the first time, surpassing even the post-COVID boom year of 2022. Today, we examine the various factors driving this run-up and what they reveal about the broader physical refined products market.
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.
The RBN NATGAS Haynesville is a weekly natural gas fundamentals analysis focused on supply, flow, and LNG-driven demand dynamics within the Haynesville basin.
According to the EIA’s Weekly Petroleum Status Report (WPSR) released this morning, distillate stocks are on track for their lowest end-of-month level since April 2005; and this week marks the lowest inventories have been in the month of August since 1951.
U.S. propane inventories climbed to a second consecutive record as Gulf Coast and Midwest stocks accounted for approximately 92% of the weekly build. If inventories continue building at a similar pace, total stocks could approach 119 MMbbl by early October.
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.
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.
NATGAS Billboard is a daily, early morning email and report that provides an up-to-the-minute view of the natural gas market outlook, including storage injections/withdrawals and price. Billboard’s models incorporate pipeline flow data, weather models, electricity demand data and more.
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.
