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October 12, 2017
Hurricane Nate, the most recent storm in an unforgettably violent hurricane season, made landfall twice in early October. The storm first came ashore on October 7 near the mouth of the Mississippi River in southeast Louisiana as a Category 1 hurricane, then made a second landfall in Mississippi the morning...
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October 06, 2017
On October 5, 2017 TransCanada Corp announced that it had scrapped its Energy East Pipeline project. The termination of the 1.1 million (mn) barrel per day (bpd) Energy East Pipeline has a significant impact from TransCanada’s perspective, but the impact for the broader Canadian crude...
October 04, 2017
Key takeaways:
After an initial, severe shock to the system, Mexico’s Federal Electricity Commission was able to restore power to 99 percent of the 4.8 million people affected within 48 hours of the September 19 earthquake.
Hurricane Harvey dropped U.S. natural gas exports to Mexico by roughly...
September 27, 2017
North Dakota crude rail cars were delivered to a U.S. East Coast refiner during week ending September 22 for the first time since July, as the recent, relatively wide NYMEX Light Sweet Crude (WTI)/ICE Brent spread incentivized rail movements. The Brent/WTI spread widened following Harvey-related refinery...
September 26, 2017
On September 1, 2017, the first tentative natural gas deliveries flowed on Phase 1 of the Energy Transfer Rover Pipeline, a brand new 3.2 billion cubic feet per day (Bcf/d) pipeline that stretches from East to West across the state of Ohio. Rover is perhaps the most closely-watched energy infrastructure...
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...
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...
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...
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...
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...