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oil storage
Callie Minor, Oil Storage Analyst, Genscape
September 22, 2017
Gasoline and gasoline component stocks in the Amsterdam-Rotterdam-Antwerp (ARA) region posted substantial declines the week ending September 15. Gasoline storage levels were down 265,000 MT while gasoline component stocks fell 102,000 MT, resulting in a 367,000-MT total decrease. The gasoline draw was the...
texas oil refinery
Dylan White, Oil Market Analyst, & Lee Williams, Oil Refinery Analyst
September 21, 2017
Hurricane Harvey made landfall in Texas on August 25 and spent the next week ravaging the U.S. Gulf Coast. The nation’s oil industry, which has a de facto capitol in Houston, felt the wrath of the storm as much as any other. Refinery shutdowns across the Texas Gulf Coast significantly impaired crude...
wind turbine
Terrence Legge, Power Market Analyst, Genscape
September 20, 2017
As New England ISO moves towards a cleaner grid, they are undergoing long-term infrastructure changes that will potentially increase trading opportunities. The most impactful infrastructure changes include the development of wind generation, increasing amount of behind-the-meter (BTM) solar, retirement of...
soybean field
Timm Decker, Analyst, Ag & Biofuels
September 18, 2017
On September 15, 2017, the National Oilseed Processors Association (NOPA) released that their members had crushed 142.424 million (mn) bushels in August. On September 2, 13 days before the NOPA number was released, the Genscape Soybean Production Monitor accurately predicted...
Port of Karlsuhe
Paulo Nery, Senior EMEA Oil Director & Genscape Maritime
September 14, 2017
Running throughout six countries, the Rhine River serves as a main gateway for shipping between southern and northern Europe. Each day, thousands of vessels carrying commodities like grain, coal, and oil transit through the river’s winding waterways. After a bout of severely dry weather hit in June...
Dylan White, Oil Market Analyst, Genscape
September 08, 2017
After wreaking havoc on the Caribbean islands on September 7, Hurricane Irma is barreling toward Florida and is expected to make landfall over the weekend, leading to a jump in gasoline demand, Genscape data shows. Many residents are relocating to avoid the brunt of the storm after mandatory evacuations were...
Josh Garcia, Natural Gas Analyst
September 08, 2017
As Texas recovers from Hurricane Harvey, Florida, Georgia, and the Carolinas are bracing for Hurricane Irma and its potential to disrupt the gas market’s supply and demand. Irma was upgraded to Category 5 on September 5. As of September 6, it has become the second-strongest Atlantic hurricane by...
oil refinery near corpus christi, texas
David Arno, Hillary Stevenson, and Dylan White, Oil Market Analysts
September 05, 2017
Hurricane Harvey made its initial landfall on August 25 in Rockport, TX, less than 30 miles outside of critical crude markets in Corpus Christi, TX. The hurricane has had widespread impacts on the Texas Gulf Coast refining complex, with Corpus Christi the first to experience the full force of...
solar eclipse
Ross Fessenden, David Quinn, Genscape, and Will Martin, Locus Energy
September 01, 2017
The solar eclipse came and went, and California’s power grid is still intact! While the eclipse was quite the spectacle to behold, Genscape saw fairly tame CAISO prices in the fifteen-minute market (FMM). During the hours of the eclipse, hours ending 10-12, southern California (SP-15) FMM prices...
stenaweco venture
Colin Halling, Senior Oil Analyst, Genscape
August 31, 2017
  A number of European-sourced gasoline cargoes on the water, which were initially bound for destinations in West Africa and within Europe, have now changed destination to the U.S. in the wake of Hurricane Harvey. So far, Genscape has seen that around 111,000 metric tons (MT) of European gasoline...