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Tug towing a barge
David Hewson, Genscape Vesseltracker
June 30, 2016
On June 25, 2016, the “Castoro 7” – one of the world’s most efficient pipe-laying barges, with a record of successful operations around the world – was scrapped in Alang, India, after 41-years of service. By tracking the ship’s AIS signals, Genscape Vesseltracker was able...
soybean and crush market insight
Susan Olson, Managing Director, Agriculture & Biofuels
June 28, 2016
On Friday, June 24, 2016, The National Oilseed Processors Association (NOPA) revised downward its soybean crush statistic from 152.8 to 152.3, nine days following the original NOPA data release. “We applaud the National Oilseed Processors Association for revising the number to more accurately reflect...
Benchmarking Lower 48 Operators by Debt & Production
Jeremy Sherby, CFA, Oil & Gas Analyst
June 27, 2016
As Brexit reminds us of inherent uncertainty in the financial markets, the question of company indebtedness and financial stability comes again to the forefront. In the past couple of months, Genscape's Equity Insights team has seen a handful of major E&P bankruptcies despite rallying crude...
Crude Inventories in ARA Hit Record High
Brittney Mills, ARA Oil Storage Analyst
June 24, 2016
Crude inventories in ARA increased 3.561mn bbls to a record high of 65.635mn bbls for week ending June 17, according to Genscape, which began monitoring crude at the ARA oil storage hub in July 2013.  Total ARA crude inventories increased more than 3mn bbls for the past two weeks, rising by...
panama canal
Mark Deverill, Maritime Data Director
June 24, 2016
With the opening of the new larger locks on the Panama Canal extension, container carriers are starting to schedule larger Post-Panama ships through the canal. The first post-Panamax containership expected to officially transit through the expanded Panama Canal is COSCO’s renamed "COSCO...
Big Cajun 2: Increased Visibility into MISO South Flows & Congestion
Jessica Taylor, Power Market Analyst
June 23, 2016
Genscape recently started monitoring the coal plant, Big Cajun 2, with patented EMF technology, and added it to the Power Real-Time (Power-RT) Interface on May 13, 2016. MISO's supply stack consists of 55 percent coal, a total capacity of 44818 MW[1], and Genscape currently monitors 45 percent of...
Summer 2016: Does the Bearish Streak End?
Genscape Meteorology Team
June 14, 2016
The past three summers have featured the strongest warm anomalies along the West Coast with seasonal to below normal temperatures frequenting the Midwest and East. As El Niño influences dissipate and La Niña attempts to emerge, this bearish streak is forecast to come to an end with...
oil well
Bridget Hunsucker, Publications Director
June 06, 2016
U.S. crude producers could soon activate drilled but uncompleted wells if West Texas Intermediate prices hover in the $50/bbl to $60/bbl range, according to Genscape. There are a total of between 3,000 to 3,500 DUCs in the United States, according to Genscape. About 650 of those uncompleted wells are in...
Colin Halling, Senior Analyst, EMEA Oil
May 26, 2016
A number of incoming tanker cargoes of clean petroleum products have changed their intended destination to French ports, as product supply disruptions continue amid the ongoing industrial dispute involving oil refineries in France. At least 232,000 MT of middle distillate cargo shipments have recently...
Brandon Shores
David Li, Power Market Analyst
May 24, 2016
Genscape has recently monitored Talen Energy’s Brandon Shores using infrared technology, adding the plant to the Power Real-Time (Power RT) interface on April 22, 2016. The infrared camera takes images every five minutes displaying real-time images, and is commonly used for plants located in urban...