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fertilizer production
Ken Copenhaver, Sr. Director, Engineering, Ag & Biofuels
March 28, 2017
New fertilizer production in the United States has changed the fertilizer supply story, reducing the need for imports as domestic production increases. The question is, what has been the response of the market? February 2017 saw more urea imported than in the last ten years, according to Genscape’s...
Power Lines
Sam Johnson, Regional Director, Mexico, Market Intelligence
March 22, 2017
The deregulation of Mexico’s power sector has progressed in fits and starts over the last year and a half, but it is on course to achieve a historic transition from a vertically integrated state-owned monopoly to a fully open and competitive market. This new market offers tremendous opportunities for...
Suzanne Danforth, Director, Downstream Product Development, Oil
March 16, 2017
Winter Storm Stella, a widespread blizzard across the mid-Atlantic and New England states on March 14, 2017, slashed gasoline and diesel demand as the inclement weather kept drivers off the road, according to Genscape Supply Side data. However, demand appeared to be boosted on March 12 and 13 by consumers...
Oil rig
Jodi Quinnell, Oil Product Manager
March 06, 2017
As the price of West Texas Intermediate steadies in the $50-$55 per barrel (bbl) range, oil rig counts affirm operator commitments to growing production immensely in the Permian Basin over the next two years. Nearly half of all U.S. drilling rigs returned to service since rig counts hit a low in May...
oil refinery
Andrew Taylor, Dylan White, and Hillary Stevenson, Analysts, Oil Storage
March 01, 2017
Gasoline stocks in New York Harbor (NYH) are expected to continue to decline from a recent record high due to increased driving demand during the spring months and planned upcoming refinery maintenance. Gasoline stocks in NYH declined 4 percent, or 899,000 barrels (bbls), during the week ending February...
ethanol production
Will Martin, Analyst, Agriculture and Biofuels
February 17, 2017
January 2017 will be a month for the record books. The question is, will it be an anomaly or will it be a marker for a larger shift in ethanol market fundamentals? Anyone who watches these fundamentals has become acutely aware of just how exceptional the start of 2017 has turned out to be. Three simple facts...
crude oil tanker
Matthew Wheatley, Analyst, Oil Shipping
February 17, 2017
On Saturday, February 11, 2017, Genscape tracked the tanker Valfoglia loading at Libya’s Bouri oil field from the Gaza Marine Terminal, a new Floating Storage and Offloading unit (FSO). The ship, chartered by Saras, was carrying about 789,000 bbls of crude and delivered it to Saras’ Sarroch...
oil pipeline
Hillary Stevenson & Dylan White, Oil Market Analysts
February 14, 2017
Presidential Executive Orders touting the construction of Energy Transfer Partner’s Dakota Access and TransCanada’s Keystone XL pipelines recently advanced the controversial projects that together would move more than one million bpd of crude to Midwest storage hubs. But, the new flow routes...
Natural Gas Pipeline
Kartik Patel, Analyst, Oil and Gas
February 14, 2017
Delay or no delay? What are the implications? Late on Thursday, February 2, 2017, FERC approved the Rover Pipeline Project. While FERC approved the project itself, which is slated to be online this summer, Rover did not escape unscathed from the permitting process. FERC denied Rover a portion of their...
crude oil tanker
Matthew Wheatley, Analyst, Oil Shipping
February 10, 2017
During January - a month when all eyes were on oil production cuts - exports leaving the Middle East Gulf (MEG) region hit the highest level in at least two years, according to Genscape. At the end of November 2016, the Organization of the Petroleum Exporting Countries (OPEC) addressed the...