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wind turbine
Terrence Legge, Power Market Analyst, Genscape
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...
soybean field
Timm Decker, Analyst, Ag & Biofuels
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...
Port of Karlsuhe
Paulo Nery, Senior EMEA Oil Director & Genscape Maritime
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...
Dylan White, Oil Market Analyst, Genscape
September 08, 2017
After wreaking havoc on the Caribbean islands on September 7, Hurricane Irma is barreling toward Florida and is expected to make landfall over the weekend, leading to a jump in gasoline demand, Genscape data shows. Many residents are relocating to avoid the brunt of the storm after mandatory evacuations were...
Josh Garcia, Natural Gas Analyst
September 08, 2017
As Texas recovers from Hurricane Harvey, Florida, Georgia, and the Carolinas are bracing for Hurricane Irma and its potential to disrupt the gas market’s supply and demand. Irma was upgraded to Category 5 on September 5. As of September 6, it has become the second-strongest Atlantic hurricane by...
oil refinery near corpus christi, texas
David Arno, Hillary Stevenson, and Dylan White, Oil Market Analysts
September 05, 2017
Hurricane Harvey made its initial landfall on August 25 in Rockport, TX, less than 30 miles outside of critical crude markets in Corpus Christi, TX. The hurricane has had widespread impacts on the Texas Gulf Coast refining complex, with Corpus Christi the first to experience the full force of...
solar eclipse
Ross Fessenden, David Quinn, Genscape, and Will Martin, Locus Energy
September 01, 2017
The solar eclipse came and went, and California’s power grid is still intact! While the eclipse was quite the spectacle to behold, Genscape saw fairly tame CAISO prices in the fifteen-minute market (FMM). During the hours of the eclipse, hours ending 10-12, southern California (SP-15) FMM prices...
stenaweco venture
Colin Halling, Senior Oil Analyst, Genscape
August 31, 2017
  A number of European-sourced gasoline cargoes on the water, which were initially bound for destinations in West Africa and within Europe, have now changed destination to the U.S. in the wake of Hurricane Harvey. So far, Genscape has seen that around 111,000 metric tons (MT) of European gasoline...
hurricane harvey
Genscape Natural Gas Team
August 28, 2017
So far, Hurricane Harvey has generated an expectedly bearish influence on the market as the storm’s demand-destructive elements have kept pace with the production declines. However, Harvey’s landfall and generation of record levels of rainfall in South Texas could flip the storm’s impact to...
gulf coast refineries
Amanda Fairfax Dirkes, Jodi Quinnell, Hillary Stevenson, Lee Williams, & Hans Wytema, Genscape Oil
August 25, 2017
More than 800,000 barrels per day (bpd) of refining capacity is being taken offline as refineries across Texas are preparing for the first anticipated hurricane landfall in the state since 2008. Current forecasts have Harvey making landfall later today, August 25, as a Category 3 hurricane. Production...