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Robert L. Barton, Sr. Director, Oil Product Management
July 31, 2014
The first cargo of condensate to be exported from the United States in more than 40 years has loaded and is en route to a South Korean refinery. The 400,000-barrel cargo was bought by Japanese trading house Mitsui from Enterprise. Mitsui then marketed the cargo to GS Caltex of South Korea. The tanker...
Christopher Sternberg, Managing Director of Oil
July 30, 2014
Cushing stocks fell by about 830,015 barrels and are well over 23 mnbbls below the highs for this year, at the lowest level of the year, below last year and the five year average for the same timeframe. The industry remains in the destocking trend that has been in play for most of the year. Meanwhile, total...
Wei Chien, Senior Natural Gas Analyst
July 30, 2014
Southeast natgas demand has increased year-on-year in the past four months. Demand increased by +1.1 bcf/d year-on-year in May, +0.4 bcf/d in June, and +0.5 bcf/d in July. Southeast demand increased to 13.3 bcf/d this week, up +1.3 bcf/d from the previous week. Year-on-year, Transco Zone 4 cash price has...
Wei Chien, Senior Natural Gas Analyst
July 29, 2014
El Paso/SoCal Border spread has traded much wider this summer. California prices have been strongly supported by the low storage inventory in California and limited import capacity. Meanwhile, Permian price has to withstand the pressure from a +0.5 bcf/d of production increase from the 2.1 bcf/d production...
Jason Fuchs, R&D Product Engineer
July 28, 2014
On Saturday, July 19th, in order to further Genscape’s education on the railroads and to support Junior Achievement of Kentuckiana, Jason Fuchs (Genscape Engineer) and Chris Ottinger (Information Technologist) took a trip in a locomotive on the Paducah and Louisville (PAL) Railway. The trip was one of...
Rick Margolin, Senior NatGas Analyst & Nick Battista, NatGas Analyst
July 28, 2014
AECO summer basis is demonstrating its greatest strength in recent history due to strong demand within Alberta and record high outflows to the Midwest and East Canada. AECO basis closed last week at $0.11 after running as strong as $0.03 the week prior. These prices have lifted the summer-to-date AECO basis...
Hillary Stevenson, Manager, Supply Chain Network
July 24, 2014
Inventory levels at the key Cushing, OK, storage hub took another nose dive for the week ending July 18, decreasing just shy of one million barrels according to Genscape’s Cushing inventory report. Cushing storage has been in a destocking pattern since the beginning of 2014 with the completion of...
Natalia Mestvirishvili, NYISO Regional Director
July 24, 2014
Power traders and analysts are always seeking ways to find more detail and more insight to stay a step ahead of the competition and improve the sophistication of their strategies. For years, Genscape has provided visibility into opaque areas of power markets and works to continuously improve its analytic...
Caitlin Sargent, Natural Gas Analyst
July 24, 2014
Based on current injection rates and the deficit in storage inventory remaining, it is unlikely that Stagecoach Storage will reach normal levels by the end of injection season. Stagecoach Storage field inventory levels are currently at 16.7 bcf from a total capacity of 30.5 bcf. Inventory levels have...
Wei Chien, Senior Natural Gas Analyst
July 24, 2014
Alberta production level has bounced back slightly after the low of 11.2 bcf/d on July 16th. Production averaged 11.6 bcf/d in the past week, higher than last week’s 11.3 bcf/d, but lower than the high of 11.9 bcf/d on June 29th. Production level has fluctuated in Alberta due to maintenance this summer...

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