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Questionable Status of Dominion's New Market Project
Laura Munder, Natural Gas Analyst
April 26, 2016
As with numerous other Northeastern projects, there has been much speculation behind the status of Dominion's New Market Project and whether the project would be complete in time for their November 2016 in-service date. Although there has not been an official release from Dominion or revised...
oil pipelines
Ryan Saxton & Eddie Goodman, Oil Transportation Analysts
April 20, 2016
The Saddlehorn-Grand Mesa joint interest crude pipeline is on track to open in September to bring up to 340,000 bpd of crude from Platteville, CO, to Cushing, OK, where stocks have hovered at close to capacity this year, according to Genscape. The pipeline project, which has Noble Energy and Anadarko as...
Los Ramones Phase II Still Not In Service
Rick Margolin, Senior Natural Gas Analyst
April 19, 2016
In the week ending April 15, 2016, many data vendors reported Mexico’s Los Ramones Phase II came online, but Genscape disagrees with this assessment and doesn't expect that system to come into service until the end of May 2016 at the earliest.  Los Ramones Phase II will be a 1.4...
oil storage and pipeline
Hillary Stevenson, Marcus Waldner, and Dylan White, Oil Analysts
April 13, 2016
The recent eight-day outage on TransCanada’s cross-border Keystone pipeline potentially removed 4.6mn bbls of oil from entering the United States from Canada and was a widespread influence on crude stock levels in both countries, according to Genscape. The 590,000 bpd pipeline resumed flow on April...
oil tanker
Amir Bornaee, EMEA Crude Oil Analyst
April 11, 2016
Iran’s waterborne crude oil exports reached 53.4mn bbls, or 1.7mn bpd in March 2016, up 140,000 bpd from February 2016, as the country sends more crude to India following the removal of economic sanctions in January 2016. Iran’s export target markets have shifted in 2016 from East Asian...
Carl Evans, Senior Crude Oil Analyst
April 06, 2016
Public information on a private upgraders such as Shell’s Scotford upgrader in Alberta is hard to come by. Most analysts rely on the public government data that is often three to six months lagged and can only confirm big changes in production after the fact. Genscape’s infrared cameras can...
Carl Evans, Senior Crude Oil Analyst & Ryan Bouckaert, Crude Oil Analyst
April 05, 2016
North American crude inventories will stay at historically high levels this year, though Genscape expects the first material draws to take place in May 2016, as strong demand takes hold for the summer. With production declines slowly materializing in the face of stronger pricing, coupled with significant...
Power Prices Falling in Western Europe, Concerns About Capacity Adequacy Growing in Great Britain
Pierre Buisson, Manager, R&D & Twan Vollebregt, Managing Director, European Products
March 31, 2016
Over the last three months, commodity prices have continued to fall strongly. In March 2016, Brent oil spot prices remained below 42 $/bbl, coal touched a low of 43 $/tonne and TTF gas fell to 11 €/MWh. Simultaneously, carbon prices fell by 40 percent. This fall in commodity spot prices combined...
oil tanker
Hillary Stevenson & Eddie Goodman, Oil Analysts
March 30, 2016
Crude oil exports from the U.S. Gulf Coast resumed March 14, 2016, following a 10-day lull. Since March 14, 2016, about 4.8mn bbls of waterborne shipments have been loaded in the U.S. Gulf Coast bound for Japan, France, UK, Spain, and The Netherlands. The last shipment bound for Canada was loaded in St....
Retirement of Huntley Coal Plant Drives Volatility and Congestion in NYISO Zone A
Ben Chamberlain, Power Market Analyst
March 30, 2016
During Winter 2015-16, it looked like the price of power in Buffalo, NY was going to be at record-breaking lows for the year. Gas prices were cheap, wind generation was abundant, and power prices were lower than they have been in recent memory. From December 2015 to February 2016, the Zone A power price...