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crude oil tanker
Dylan White, David Arno, and Alex Geisler, Oil Analysts
November 06, 2017
Waterborne crude exports from the U.S. Gulf Coast increased 2.9mn bbls (411,000 bpd) to 17.7mn bbls (2.53mn bpd), for the week ending October 27, the most recent record high in a two-month trend of increasing movements, according to Genscape. Inventories fell precipitously the same week,...
soybean field
Timm Decker, Analyst, Ag & Biofuels
October 31, 2017
On October 25, Genscape added three new soybean facilities to its Soybean Processing Monitor Service, increasing the coverage of the U.S. soybean processing capacity to over 33 percent. The additions include Archer Daniels Midland’s (ADM) 125,000 bushels per day (bpd) Fostoria, OH, facility, their...
natural gas pipelines
Rick Margolin & Joe Bernardi, Genscape Natural Gas & Ross Fessenden & Dave Quinn, Genscape Power
October 23, 2017
Southern California gas and power prices are registering some of their highest prices in years as the market deals with potentially record-breaking heat, hitting at a time when both gas and power markets are dealing with supply disruptions. The contributing factors are lining up to persist through the rest...
Genscape aerial imagery
Dylan White, Oil Market Analyst & Lee Williams, Oil Refinery Analyst, Genscape
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...
oil pipeline
Mike Walls, Crude Oil Analyst, Genscape
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...
mexico earthquake
Sam Johnson, Mexico Power, Rick Margolin, Natural Gas & Esteban Trejo, Natural Gas
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...
crude by rail train cars
David Arno, Oil Market Analyst, Genscape
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...
Genscape Imagery of the Rover Natural Gas Pipeline
Colette Breshears, Product Manager, Natural Gas & Josef Spalenka, Research Scientist, R&D
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...
oil storage
Callie Minor, Oil Storage Analyst, Genscape
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...
texas oil refinery
Dylan White, Oil Market Analyst, & Lee Williams, Oil Refinery Analyst
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...