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June 20, 2018
U.S. domestic ethanol demand suffered this spring relative to 2017, despite consistently favorable blending values and increasing Renewable Fuel Standard (RFS) requirements. The decline, following a period of historically low ethanol prices this winter, forced the ethanol industry to diversify and seek new...
June 15, 2018
On March 23, 2018 President Trump’s new tariffs on U.S. steel and aluminum imports went live, creating a ripple effect on other commodity markets across the globe. In response, several other countries announced retaliatory tariffs of their own on critical American exports including pork products,...
June 13, 2018
Two natural gas-fueled combined-cycle electric generating facilities entered the ISO-NE supply stack since May 21. Competitive Power Venture’s (CPV) 785 megawatt (MW) Towantic facility in Oxford, CT, and the Salem Harbor 674 MW Generating Station in Salem, MA, will no doubt be game changers for general...
June 06, 2018
With Summer 2018 upon us, power market participants need to prepare for the impacts of strong demand. Genscape analysts expect to see electricity demand increase, with the hottest and most humid days leading to a coincident peak (CP) day. CP days are an important mechanic in several markets that are...
June 05, 2018
In this blog series, we explore the regional power market impacts of behind the meter solar generation (BTM). In this post, we examine the ISO New England (ISO-NE) power market region, where we are starting to see clear patterns of price volatility driven by incorrect expectations of BTM. Stay tuned for the...
May 25, 2018
The recent jump in gasoline prices to nearly four-year highs is starting to erode U.S. gasoline demand relative to last year as the summer gasoline season approaches, according to Genscape Supply Side Weekly Gasoline Demand Report data. Diesel demand, however, has expanded relative to 2017 in the...
May 11, 2018
Waterborne exports of U.S. crude reached a record-high amount in April, according to Genscape’s North American Waterborne report. The trend of high export volumes is expected to continue due to an ongoing, relatively wide NYMEX Light Sweet crude (WTI)/ICE Brent spread.
Crude exports in April, all...
May 11, 2018
During early May 2018, the ERCOT power market experienced an unprecedented level of real-time congestion. In an already volatile market, this can create a number of unanswered questions. A few of these questions include, “were there any new real-time congestion events?” and “were...
May 08, 2018
Total gasoline and components shipped to the U.S. from Europe, Baltic, and east of Suez refineries was 1.98mn metric tons in April 2018, a record high, according to Genscape's European Waterborne Products Report.
A spring surge in transatlantic gasoline shipments to the U.S. is not unusual. Seasonally...
May 03, 2018
On Monday, 30 April, 2018, a combination of factors culminated in a critical grid situation in the Netherlands. According to Dutch news sources, operations of public transportation were at risk due to a power shortage. In this blog we utilise Genscape’s PowerRT platform to diagnose...