Keystone, which is run by TransCanada, can carry 590,000 barrels of oil each day. The pipeline provides about one-fifth of Canadian pipeline imports into the United States, according to the energy research firm Genscape. "It's critical," said Dylan White, an oil markets analyst at Genscape.
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The ultra-large crude carrier Seaways Laura Lynn is back on the move after spending more than two years moored in the same spot off the coast of Oman.
The animation in this story was provided by Genscape's Vesseltracker team.
“Generally, gasoline and diesel that are produced by a specific refiner that has downstream retail assets may not end up at that refiner’s retail stations,” Suzanne Danforth, downstream market development director with Genscape, told Rigzone. “This is due to a number of reasons that link back to the nature of contractual and spot markets for transportation fuels and geographic location/transportation.”
While Keystone XL would likely increase the price for Canadian crude by allowing more volumes to reach the U.S. Gulf Coast refining center, Trans Mountain would have the added benefit of opening access to customers in Asia, said Mike Walls, a Boulder, Colorado-based crude oil analyst at Genscape Inc.
New England prices posted the most substantial declines across the country as demand was projected to fall from a high of 3.44 Bcf/d Friday down to an average 2.86 Bcf/d for Thanksgiving week and to an average 2.758 Bcf/d for the Nov. 27-Dec. 1 work week, according to Genscape Inc.
Southeast and Mid-Atlantic "demand is anticipated to spike to 16.8 Bcf Monday; up 1.6 Bcf/d compared to the previous two-week average of 15.2 Bcf/d," Genscape said. But temperatures were expected to return "to near-normal Tuesday before gradual cooling over the next two days, with another expected localized peak" of demand on Thanksgiving Day. Genscape said it expects regional demand to average 15.4 Bcf/d over the next five days.
Add Genccape and the Edison Center, and you've got a whole lot of people who are hungry for exactly what Bar Vetti is offering," O'Neil said. "Fresh ideas, fresh food, vibrant energy with infusions of a vintage vibe. It's perfect."
"It looks like SoCal is dodging a bullet here," Genscape’s Rick Margolin, senior natural gas analyst, told NGI Friday. "Demand is lurking below the 2.3 Bcf/d mark with mild temperatures, and likely to stay there with the start of the weekend and forecast calling for more mild weather. Last November month-to-date demand averaged 2.43 Bcf/d.
Tight-oil supply is expected to grow by some one million barrels a day next year, said Jodi Quinnell, manager of crude oil analytics for Genscape Inc. in Denver.
Last year’s was held at Genscape and sold out with around 100 attendees. This year’s event is being held at the Tim Faulkner Gallery. Breithart says she expects around 400 attendees, as 200 tickets have already been sold.