The Shifting Ground in US Crude Markets. Houston, TX April 15, 2013
|
|
- Ginger Griffith
- 6 years ago
- Views:
Transcription
1 The Shifting Ground in US Crude Markets Houston, TX April 15, 2013
2 Agenda Will production growth in Texas, Bakken, etc. overwhelm domestic demand? New Markets Eagle Ford, Permian to the USGC, Bakken to the US Atlantic Coast How shifting spot markets have impacted price relationships Will Cushing to US Gulf Coast pipelines relieve the WTI/Brent inversion?
3 US Crude Production vs. Imports million b/d Source: BENTEK Energy, the analytics unit of Platts 0.00 Crude Oil Production Crude Oil Imports Source: EIA 3
4 Eagle Ford: Fastest Growing Crude Play in the US 4
5 Eagle Ford Crude Production Forecast MBPD 2,200 2,000 1,800 1,600 1,400 1,200 1, Source: Bentek Energy 5
6 Development of an Eagle Ford Waterborne Market: Corpus Christi Crude Loadings b/d 300, , , , ,000 50,000 - Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Source: Port Authority of Corpus Christi
7 Eagle Ford s light and variable gravity can be problematic > 65, 0.1% 55-64, 2.7% Condensate, 14.5% < 32, 3.1% 33, 1.5% 34, 0.8% 35, 1.0% 36, 0.8% 37, 1.2% 38, 1.3% 39, 2.6% 40, 10.8% 50, 3.4% 41, 23.8% 45, 2.6% 44, 2.4% 43, 3.7% 42, 6.5% Source: Bentek. Data complied for September 2012
8 Platts Eagle Ford Marker vs. St. James $ $ $ $ $ $ $ $ $ $ Eagle Ford Marker St. James 8
9 Eagle Ford, LLS Yield Breakdown 30.00% 25.00% 20.00% Yield (% volume) 15.00% 10.00% 5.00% 0.00% LPG Light Naphtha Heavy Naphtha Kerosene Diesel VGO Resid Source: Various Assays, Platts Eagle Ford LLS 9
10 Permian Basin 10
11 Permian Crude Production Forecast MBPD 2,200 2,000 1,800 1,600 1,400 1,200 1, Source: Bentek Energy TX NM 11
12 Permian Basin Completion date New/Expanded Capacity Total Capacity Destination Status Magellan Longhorn Segment Reversal BridgeTex (50/50 Oxy & Magellan) Permian Express (Sunoco Logistics) 1Q , ,000 Houston Mid , ,000 Houston 2H , ,000 Beaumont Phase I 2H ,000 Beaumont Near Completion Developmental Stage Phase 1 Construction Phase II 2H ,000 Sunoco West Texas Gulf 1Q , ,000 Beaumont Construction Total 975,000 12
13 Permian Basin Crude Quality West Texas Intermediate (WTI) West Texas Sour (WTS) Longhorn BridgeTex Longhorn BridgeTex API Gravity ( API) Sulfur Content, (Weight %) Max Reid Vapor Pressure (PSI) Max Total Vapor Pressure (PSI) Source: Magellan Midstream, LP 13
14 Bakken Shale Formation 14
15 Williston Crude Production Forecast MBPD 2,200 2,000 1,800 1,600 1,400 1,200 1, Source: Bentek Energy ND MT 15
16 Bakken Blend vs. Calendar Month Average WTI $/bbl Bakken Blend Ex-Clearbrook Bakken Blend Ex-Guernsey Source: Platts 16
17 North Dakota Rail Terminals ) EOG Rail - Stanley, ND 8) Enbridge Rail - Berthold, ND 2) Rangeland COLT - Epping, ND 9) Plains - Ross, ND 3) Hess - Tioga, ND 10) Basin Transload - Zap, ND 4) Bakken Oil Express - Dickinson, ND 11) Dakota Plains - New Town, ND 5) Plains/USD - Van Hook, ND 12) Great Northern - Fryburg, ND 6) Musket Corp. - Dore, ND 13) Musket Corp. Dickinson 7) Savage Rail - Trenton, ND 14) Centennial Energy - Donnybrook 17
18 Williston Crude Rail Takeaway Owner/Project Capacity (Mb/d) Start Date 1) EOG Rail - Stanley, ND 65 <2010 2) Rangeland COLT - Epping, ND 80 May-12 3) Hess - Tioga, ND Mar-12 - Dec-12 4) Bakken Oil Express - Dickinson, ND Oct-11 - Jun-12 5) Plains/USD - Van Hook, ND Sep-12 - Jun-13 6) Musket Corp. - Dore, ND < Jun-11 7) Savage Rail - Trenton, ND 90 May-12 8) Enbridge Rail - Berthold, ND Sep-12 - Feb-13 9) Plains - Ross, ND Jan-12 - Nov-12 10) Basin Transload - Zap, ND < Jun-12 11) Dakota Plains - New Town, ND < Mar-11 12) Great Northern - Fryburg, ND 60 Jan-13 Other Rail 13) Musket Corp. - Dickinson ) Centennial Energy - Donnybrook Total Rail Capacity
19 Bakken Crude Oil Reach PADD V Current Refining Capacity: million b/d PADD IV Current Refining Capacity: 625,000 b/d PADD III Current Refining Capacity: million b/d PADD II Current Refining Capacity: million b/d PADD I Current Refining Capacity: million b/d 19
20 Northeast Refineries Running Bakken Crude ENBRIDGE LINE 9 REVERSAL Current capacity: 240,000 b/d LINE 9B (Proposed) 6 LINE 9A (Approved) NORTHEAST REFINERIES RUNNING BAKKEN: 1) Phillips 66 / Global Partners (Bayway, NJ) (238,000 b/d) 2) Philadelphia Energy Solutions (330,000 b/d) 3) PBF Energy (Paulsboro, NJ) (180,000 b/d) 4) PBF Energy (Delaware City) (190,000 b/d) 5) Monroe Energy (Delta Airlines) (185,000 b/d) 6) Irving Oil (St. John, New Brunswick (300,000 b/d) 7) Imperial Oil (Nanticoke, Ontario) (112,000 b/d) 8) Imperial Oil (Sarnia, Ontario) (121,000 b/d)
21 USWC Refineries Running Bakken Crude ENBRIDGE NORTHERN GATEWAY PIPELINE Proposed capacity: 525,000 b/d CANADIAN OIL SANDS 1 4 US WEST COAST REFINERIES RUNNING / PLANNING TO RUN BAKKEN CRUDE: 2 3 1) Tesoro (Anacortes, WA) (120,000 b/d capacity) 2) Alon USA (Bakersfield, CA) (68,000 b/d capacity) 3) Chevron USA (Richmond, CA) (245,000 b/d capacity) 4) Phillips 66 (Ferndale, WA) (105,000 b/d capacity)
22 US Midcontinent to US Gulf Coast Pipelines Cushing, OK Houston St. James Proposed pipeline projects for Midcontinent to US Gulf Coast New Capacity Completion date Enterprise Seaway Pipeline 850,000 2Q 2014 TransCanada Gulf Coast Project 700,000 4Q 2013 Energy Partners Trunkline 400,000 2Q 2014 Midcontinent to USGC Capacity 1,950,000 Status Phase 1 Completed Under Construction Regulatory Review 22
23 Houston Crude Distribution From Cushing, OK 850,000 b/d Q Oiltanking Partners Oil Tanking Houston Terminal (OTH)12 million barrels Keystone Pipeline (Houston Lateral) MOORE JUNCTION Seaway (400,000 b/d) Further West Seaway JONES CREEK TERMINAL (2.6 million barrels) Magellan EAST HOUSTON TERMINAL 2 Million barrels DOWNTOWN HOUSTON Seaway Galena Park 1.2 million barrels but will be expanded to 1.8 million barrels. LyondellBasell Houston Refining 268,000 b/d Valero Houston 90,000 b/d Magellan Galena Park 12.5 million barrels of products but adding crude capabilities by mid Petrobras Pasadena 100,000 b/d OTH JUNCTION Magellan Channelview 120,000 barrels, could add 1.4 million barrels Shell s Houston-to-Houma (Ho-Ho)Pipeline HFOTCO 3.2 million barrels ExxonMobil Baytown 561,000 b/d Port Arthur / Nederland Phillips 66 Freeport 247,000 b/d COMBINED CRUDE PIPELINE CAPACITY FLOWING INTO HOUSTON: million b/d By Q COMBINED REFINING CAPACITY: million b/d COMBINED STORAGE CAPACITY: million barrels SPEED JUNCTION GENOA JUNCTION WEBSTER JUNCTION Shell Deer Park 327,000 b/d Enterprise ECHO Terminal 2.25 million barrels but can be expanded to 6 million barrels. Enterprise MORGAN S POINT 2 million barrels Texas City/Galveston Refineries: Marathon (451 mbd) Marathon (80 mbd) Valero (245 mbd) TOTAL: 776,000 b/d FREEPORT JUNCTION Seaway Terminal ( mil barrels storage)
24 Nederland (Beaumont/Port Arthur) Crude Distribution Energy Transfer (Sunoco Logistics) (Q1 2013) West Texas Gulf Pipeline (140,000 barrels) TransCanada (Q4 2013) Keystone XL Gulf Coast Project Pipeline (700,000 barrels) Energy Transfer (Sunoco Logistics) Permian Express Pipeline Phase I (150,000 b/d) (Q2 2013) Phase II (200,000 b/d) (Q2 2014) TOTAL: 350,000 b/d (Q2 2014) 1.19 million b/d pipeline capacity into Nederland, TX by Q Energy Transfer Sunoco Logistics NEDERLAND Storage (22 million barrels) Port Arthur Refineries: Motiva (610 mbd) ExxonMobil (359 mbd) Valero (310 mbd) Total S.A. (174 mbd) TOTAL: mil b/d
25 St. James vs. Empire $/bbl LLS versus HLS Source: Platts 25
26 Swelling US crude production displaces imports Valero replaced all its foreign light oil imports with domestic crude at its Gulf Coast and Memphis, Tennessee, plants during the fourth quarter of Phillips 66 is no longer taking light sweet crude imports at its three US Gulf Coast refineries, and plans to boost the volume of domestic crude it refines to more than 200,000 b/d this year. Marathon Petroleum in January disclosed plans to displacing foreign crude oil imports at its Gulf Coast refineries, ship more Bakken and Canadian crude to its Midwest plants, and outfit its Ohio and Kentucky facilities to process more Utica shale oil and condensate.
27 Have We Hit the Light Crude Wall in PADD III?,000 b/d TX LA MS 1,400 1,200 1, (Jan) Source: EIA
28 Room For Additional Demand in PADD 1,000 b/d Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Source: EIA
29 US Gulf Coast Refinery Crude Input API Gravity API Source: EIA 29
30 Brent/WTI falls, but still inverted in 2016 $/bl 11.0 Brent vs. WTI Frontline Swap, April 11, Source: Platts
31 Conclusions Benchmarks could develop for US crude in the northern US (Bakken) and southern US (WCS, WTI, LLS?). US will continue to supplant crude imports, but an inability to process growing light sweet crude will encourage the industry to seek export permits, alternatives. US Midcontinent to USGC connectivity could bring parity back, but will keep Brent/WTI relatively wide due to plentiful supply and lack of exports. Will a US crude price decline usher in production cutbacks?
32 Special report on crude on Platts.com
33 Thank you.
Defining the Debate: Crude Oil Exports
Defining the Debate: Crude Oil Exports Trisha Curtis, Director of Research Upstream and Midstream Energy Policy Research Foundation, Inc. (EPRINC) Brookings Task Force February 28th, 214 About EPRINC www.eprinc.org
More informationChanging Crude Qualities and Their Impacts on U.S. Refinery Operations AM-14-42
Changing Crude Qualities and Their Impacts on U.S. Refinery Operations Presented to: AFPM 2014 Annual Meeting March 25, 2014 by John M. Mayes International consulting practice since 1971 Downstream focus;
More informationNorth American Storage and Transportation Trends
North American Storage and Transportation Trends Brian Busch Director, Oil Markets and Business Development www.genscape.com 2016 Genscape Incorporated. All rights reserved. What we do 2 Current State
More informationStronger than the others
Stronger than the others Natural gasoline demand, markets, and pricing Maria Mejia, NGL Analyst September 29, 2014 2014 Platts, McGraw Hill Financial. All rights reserved. Bentek Energy is a leader in
More informationLike a Box of Chocolates The Condensate Dilemma. 3rd Annual NGLs Forum
Like a Box of Chocolates The Condensate Dilemma 3rd Annual NGLs Forum E. Russell Braziel RBN Energy, LLC September 23, 2013 Tsunami of Condensates Mb/d 1,600 1,400 1,200 1,000 800 600 400 200 0» Historically
More informationWyoming: At the Crossroads of the Boom
Wyoming: At the Crossroads of the Boom Trisha Curtis Director of Research, Upstream and Midstream Energy Policy Research Foundation, Inc. (EPRINC) Wyoming Pipeline Authority October 15th, 213 Thousand
More informationThe effects of increasing access to the U.S. Gulf Coast on global and North American price spreads
The effects of increasing access to the U.S. Gulf Coast on global and North American price spreads Presented by: John Homan Marketing and Logistics Representative, Laricina Energy Ltd. Crude Oil Markets,
More informationThe Shale Boom Heard Around the World
The Shale Boom Heard Around the World Ben Montalbano Director of Research and Operations Energy Policy Research Foundation, Inc. (EPRINC) Clingendael Institute November 5, 2013 Is this the wrong question?
More informationPre U.S. Crude Boom (~2007/2008)
Pre U.S. Crude Boom (~2007/2008) Export regulations irrelevant. Refinery Utilization 90 80 70 60 50 40 30 20 10 0 U.S. Production Canadian Imports Saudi Imports Other Light & Medium WB Imports Heavy Waterborne
More informationDrilling in North America s Low Oil Price Environment
Drilling in North America s Low Oil Price Environment AMM 8 th Steel Tube & Pipe Conference March 10, 2015 Nicole Leonard, Bentek Energy 2014 Platts, McGraw Hill Financial. All rights reserved. Key Takeaways
More informationCRUDE BY RAIL REFINER S PERSPECTIVES. Presented by Joseph Israel, February 2013
CRUDE BY RAIL REFINER S PERSPECTIVES Presented by Joseph Israel, February 2013 2 Background Profitability Profile Refinery profitability profile is driven by: Location Feedstock and production parity points
More informationGrowing U.S. Light Crude Exports and IMO 2020 Driven Discounts: Who Benefits?
Growing U.S. Light Crude Exports and IMO 2020 Driven Discounts: Who Benefits? OPPORTUNITY CRUDES CONFERENCE OCTOBER 22, 2018 Baker & O Brien, Inc. All rights reserved. Legal Notice Baker & O Brien, Inc.
More informationB A K E R & O B R I E N
B A K E R & O B R I E N I N C O R P O R A T E D Q3 : U. S. Refining Margins Remain Robust Special Topic: Domestic Light Oil Processing in the U.S. Gulf Coast Have We Hit the Limit? Houston, October 30,
More informationCrude Oil Markets, Structures, and Mechanisms. Jenna Delaney, Senior Energy Analyst, Platts Bentek Products May 2017
Crude Markets, Structures, and Mechanisms Jenna Delaney, Senior Energy Analyst, Platts Bentek Products May 2017 Disclaimer Restrictions on Use: You may use the prices, indexes, assessments and other related
More informationA summary of national and global energy indicators. FEDERAL RESERVE BANK of KANSAS CITY
THE U.S. Energy DATABOOK A summary of national and global energy indicators JULY 1, 17 FEDERAL RESERVE BANK of KANSAS CITY SUMMARY OF CURRENT ENERGY CONDITIONS The number of total active drilling rigs
More informationDavid St. Amand. 3 February Page 1
David St. Amand 3 February 2015 Page 1 The Wilson Gillette Report Jones Act Product Tankers and Large ATBs (over 140k BBLs capacity) Current Jones Act Fleet and Deployment Newbuilds The Jones Act Orderbook
More informationAdam Bedard, CEO ARB Midstream, LLC Midstream View on Rail. June 2, 2015
Adam Bedard, CEO ARB Midstream, LLC Midstream View on Rail June 2, 2015 ARB Midstream Overview Growth oriented, infrastructure development company focused on early stage, organic development projects Provide
More informationEnergy and commodity price benchmarking and market insights
Energy and commodity price benchmarking and market insights London, Houston, Washington, New York, Portland, Calgary, Santiago, Bogota, Rio de Janeiro, Singapore, Beijing, Tokyo, Sydney, Dubai, Moscow,
More informationHEAVY FUEL THE NARROWING LIGHT-HEAVY CRUDE OIL SPREAD
Jan-95 Jan-96 Jan-97 Jan-98 Jan-99 Jan-00 Jan-01 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Jan-16 Jan-17 $/B HEAVY FUEL THE NARROWING LIGHT-HEAVY
More informationCrude Export and the New Dynamics
27 April 2016 Crude Export and the New Dynamics Mel Larson, Principal Consultant SUPERIOR RESULTS. SUSTAINED. Topics of Interest Crude Export Impact The Great Divide Export to everywhere The US Advantage
More informationTurner, Mason & Company
6 Turner, Mason & Company International consulting practice since 1971 Downstream focus; refinery/chemical engineers Industry and financial clients Publish various outlook and forecast products Crude and
More informationMay 2018 Short-Term Energy Outlook
May 2018 for Williston Basin Petroleum Conference Bismarck, N.D. by Dr. Linda Capuano Administrator U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov Brent crude oil
More informationTANK BARGE OPPORTUNITIES RELATED TO CRUDE OIL PRODUCTION & MOVEMENT
TANK BARGE OPPORTUNITIES RELATED TO CRUDE OIL PRODUCTION & MOVEMENT Third Edition A SPECIAL INDUSTRY STUDY Prepared by: November 2014 775 Ridge Lake Boulevard, Suite 400 ~ Memphis, Tennessee 38120-9403
More informationENERGY SLIDESHOW. Federal Reserve Bank of Dallas
ENERGY SLIDESHOW Updated: January 16, 2019 ENERGY PRICES www.dallasfed.org/research/energy Brent & WTI & Crude Brent Oil Crude Oil Dollars per barrel 140 120 100 Brent (Jan 11 = $58.64) WTI (Jan 11 = $50.78)
More informationExxon Bets on Downstream U.S. Returns Beaumont refinery expansion complements Permian investment.
? Exxon Bets on Downstream U.S. Returns Beaumont refinery expansion complements Permian investment. Morningstar Commodities Research March. 12, 2018 Sandy Fielden Director, Oil and Products Research +1
More informationNGLs and Feedstock Market Overview
NGLs and Feedstock Market Overview Platts Inaugural Petrochemical Seminar Kelly Van Hull Manager Energy Analytics Processing & Fractionation Additions 45 129 1778 1845 553 232 6 4 17 695 * Expansions Through
More informationU.S. Rail Crude Oil Traffic
U.S. Rail Crude Oil Traffic Association of American Railroads November 215 Summary U.S. crude oil production has risen sharply in recent years, with much of the increased output moving by rail. In 28,
More informationRefining Trends and Outlook
Refining Trends and Outlook Presented by: Greg Kort, P.E., ASA 2018 TXOGA PROPERTY TAX REPRESENTATIVES ANNUAL CONFERENCE March 7, 2018 www.ryan.com Agenda Hurricane Harvey Tax Cuts and Jobs Act of 2017
More informationThe Changing North American Crude Market: Impacts to/from the U.S. Refining Complex
The Changing North American Crude Market: Impacts to/from the U.S. Refining Complex Presented to: North American Refining Conference June 9, 2015 Houston, TX John R. Auers, P.E. Executive Vice President
More informationENERGY SLIDESHOW. Federal Reserve Bank of Dallas
ENERGY SLIDESHOW Updated: March 13, 2018 ENERGY PRICES www.dallasfed.org/research/energy Brent & WTI & Crude Brent Oil Crude Oil Dollars per barrel 140 Brent (Mar 9 = $65.12) WTI (Mar 9 = $61.65) 120 100
More informationCORPUS CHRISTI BAY - AN UPDATE ON THE SOUTH TEXAS PORT CITY'S CRUDE OIL EXPORT INFRASTRUCTURE
CORPUS CHRISTI BAY - AN UPDATE ON THE SOUTH TEXAS PORT CITY'S CRUDE OIL EXPORT INFRASTRUCTURE February 25, 2018 Corpus Christi, TX, is quickly becoming a strategic hub for U.S. crude oil exports. Since
More informationTurmoil in Refining The Shakeout Continues
Turmoil in Refining The Shakeout Continues OPIS National Supply Summit Las Vegas, Nevada October 22 24, 2012 John B. O Brien Executive Chairman Baker & O Brien, Inc. All rights reserved. Conclusions from
More informationThe following events were obtained from the Department of Energy (DOE) website:
Refinery Events October 2, 2013 October 10, 2013 The following events were obtained from the Department of Energy (DOE) website: Lima Energy to Supply 22,000 b/d of Synthetic Crude Oil to Husky s Lima
More informationFor Region 5 and Region 7 Regional Response Teams Meeting April 22, 2015 St. Charles, Missouri via video/teleconference
For Region 5 and Region 7 Regional Response Teams Meeting St. Charles, Missouri via video/teleconference By Grant Nülle, Upstream Oil & Gas Economist, Exploration and Production Analysis Team U.S. Energy
More informationPermian Majors Expand Downstream Processing Exxon and Chevron increase light crude refining capacity.
? Permian Majors Expand Downstream Processing Exxon and Chevron increase light crude refining capacity. Morningstar Commodities Research 11 February 2019 Sandy Fielden Director, Oil and Products Research
More informationOperating Refineries in a High Cost Environment. Options for RFS Compliance. March 20, Baker & O Brien, Inc. All rights reserved.
Operating Refineries in a High Cost Environment Options for RFS Compliance March 2, 217 Baker & O Brien, Inc. All rights reserved. Discussion Points Introduction Renewable Fuels Standard (RFS) Overview
More informationHurricane Gustav & Ike Impacts to U.S. Petroleum Supply and Infrastructure Jeremy J. Cusimano Office of Petroleum Reserves Washington, DC
Click to edit Master title style Hurricane Gustav & Ike Impacts to U.S. Petroleum Supply and Infrastructure Jeremy J. Cusimano Office of Petroleum Reserves Washington, DC Hurricane Gustav and Ike Impacts
More informationA perspective on the refining industry. Platts European Refining Summit Brussels, 29 September2016 Kristine Petrosyan, International Energy Agency
A perspective on the refining industry Platts European Refining Summit Brussels, 29 September2016 Kristine Petrosyan, International Energy Agency OECD/IEA 2016 mb/d European refiners: busy 2015 OECD Europe
More informationRegional Refining Outlook
Regional Refining Outlook Implications for Crude Demand Platts Crude Summit 15 May 213 David Wech JBC Energy GmbH 13 th May 213 Research - Energy Studies - Consulting - Training Disclaimer All statements
More informationCommercial-in-Confidence Ashton Old Baths Financial Model - Detailed Cashflow
Year 0 1 2 3 4 5 6 7 8 9 10 11 12 13 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 2,038 2,922 4,089 4,349 6,256 7,124 8,885 8,885 8,885 8,885 8,885 8,885 9,107
More informationChanges to America s Gasoline Pool. Charles Kemp. May 17, Baker & O Brien, Inc. All rights reserved.
Changes to America s Gasoline Pool Charles Kemp May 17, 2016 Baker & O Brien, Inc. All rights reserved. Discussion Points Light Naphtha Definitions Sources and Uses of Light Naphtha Octane Challenges Tier
More informationAsphaltene Precipitation in Domestic Sweet. Ron Fisher BP, Refining and Logistics Technology June 11, 2015
Asphaltene Precipitation in Domestic Sweet Ron Fisher BP, Refining and Logistics Technology June 11, 2015 Overview Precipitated asphaltenes can cause storage tank and heat exchanger fouling, desalter upsets,
More informationUS Shale Oil Development and Impact on Aromatics Supplies
US Shale Oil Development and Impact on Aromatics Supplies Chuck Venezia Vice President, Petrochemicals Argus DeWitt September 23, 2014 The Shale revolution in the US has changed global market dynamics
More informationU.S. Rail Crude Oil Traffic
U.S. Rail Crude Oil Traffic Association of American Railroads May 217 Summary U.S. crude oil production has risen sharply in recent years, with much of the increased output moving by rail. In 28, U.S.
More informationDiesel prices finally ease Winter weather and international events could determine your fuel bill for 2018 By Bryce Knorr, senior grain market analyst
Diesel prices finally ease Winter weather and international events could determine your fuel bill for 2018 By Bryce Knorr, senior grain market analyst After rallying to their highest level in nearly three
More informationGrowing U.S. Oil and Gas Production Set to Reshape Competitive Position of U.S. Refineries
Growing U.S. Oil and Gas Production Set to Reshape Competitive Position of U.S. Refineries Prepared by: Charles G. Kemp March 2013 Baker & O Brien, Inc. 12001 N. Central Expressway, Suite 1200 Dallas,
More informationRecent Developments in EU Refining and in the Supply and Trade of Petroleum Products
Recent Developments in EU Refining and in the Supply and Trade of Petroleum Products Third Meeting of the EU Refining Forum Brussels, 22 May 2014 Toril Bosoni, International Energy Agency OECD/IEA 2014
More informationLight-Heavy Crude Oil Outlook: Implications for Coker Margins
Light-Heavy Crude Oil Outlook: Implications for Coker Margins Argus U.S./Canada Asphalt 2009 April 1, 2009 Ben Schrader ben.schrader@bakerobrien.com BAKER & O BRIEN Incorporated, All Rights Reserved Disclaimer
More informationRESEARCH & KNOWLEDGE MANAGEMENT. Oil & Gas Updates: US Shale Industry
RESEARCH & KNOWLEDGE MANAGEMENT FEBRUARY 218 Key highlights US crude oil and condensate proved reserves amounted to 35.2bln barrels (-12% YoY) in 215, based on the latest available data. The share of tight
More informationRice Global E&C Forum August 9, 2013
Rice Global E&C Forum August 9, 2013 Midyear Forecast: July 1, 2013 Conglin Xu, Senior Editor-Economics Laura Bell, Statistics Editor Alan Petzet, Chief Editor-Exploration Forecast & Review: Jan. 7, 2013
More informationThe Impact of Shale Oil Production Growth in the US
The Impact of Shale Oil Production Growth in the US Presentation to IMSF, Copenhagen By Selena Yan, Senior Analyst www.clarksons.com Disclaimer The material and the information (including, without limitation,
More informationImplications of the U.S. Shale Revolution
Implications of the U.S. Shale Revolution For October 17, 214 Chicago, Illinois By Adam Sieminski, Administrator U.S. Energy Information Administration U.S. Energy Information Administration Independent
More informationSTATUS OF THE U.S. REFINING INDUSTRY
STATUS OF THE U.S. REFINING INDUSTRY October 2005 BAKER & O BRIEN Incorporated, All Rights Reserved REFINING VITAL LINK IN THE OIL SUPPLY CHAIN Crude Oil Supply & Logistics Products Distribution & Marketing
More informationWEEKLY REFINING INDICATORS REPORT WEEK ENDING 06/17/2016
WEEKLY REFINING INDICATORS REPORT WEEK ENDING 06/17/2016 Blake Fernandez, Analyst 713.393.4524 blakef@howardweil.com Quick Take: Somewhat bearish stats on the refining side as we had hoped for some gasoline
More informationEnclosed for filing are three copies of each of the following identical tariffs: BP Pipelines (Alaska) Inc. Supplement No. 2 to F.E.R.C. No.
John E. Kennedy jkennedy@velaw.com Tel 713.758.2550 Fax 713.615.5273 January 29, 2009 OIL PIPELINE FILING SPECIAL PERMISSION REQUESTED Kimberly D. Bose Secretary Federal Energy Regulatory Commission 888
More information05/17/2011
RETAIL DIESEL FUEL OUTLOOK A Fundamental Petroleum Trends Weekly Report Lehi German Tel: 816.505.0980 www.fundamentalpetroleumtrends.com Tuesday, May 17, 2011 Diesel Fuel Price Trends U.S. retail diesel
More informationPetrochemical Feed Stock, Global Olefin & Polyolefin Outlook
Feed Stock, Global Olefin & Polyolefin Outlook Paul Joo S&P Global Platts Paul.joo@spglobal.com Strategic Accounts APAC July 2017 Asian Petrochemical Industry = The Cow in the middle? Still be In a Fix
More informationThursday, March 6, 2014 Houston, TX. 8:30 9:40 a.m. AN ECONOMIST S-EYE VIEW OF THE ENERGY INDUSTRY: HYDROCARBON HAT TRICK
Thursday, March 6, 214 Houston, TX 8:3 9:4 a.m. AN ECONOMIST S-EYE VIEW OF THE ENERGY INDUSTRY: HYDROCARBON HAT TRICK Presented by Jesse Thompson Business Economist Federal Reserve Bank of Dallas, Houston
More informationBakken Investor Conference North Dakota Pipeline Authority Justin J. Kringstad April 25, Minot, ND. March 8,
Bakken Investor Conference North Dakota Pipeline Authority Justin J. Kringstad April 25, 2013 - Minot, ND March 8, 2013 1 April 22, 2013 187 Drilling Rigs North Dakota Pipeline Authority 2 ND Drilling
More informationUBS Global Oil and Gas Conference May 22, Joe Gorder Executive Vice President Marketing and Supply
UBS Global Oil and Gas Conference May 22, 2008 Joe Gorder Executive Vice President Marketing and Supply 2008 Year-to-Date Performance Raised annual dividend rate by 25% to $0.60 per share Purchased more
More informationMeasuring the Quality of the Crude Oil Supply and its Impact on Basis Differentials
Measuring the Quality of the Crude Oil Supply and its Impact on Basis Differentials Quality Flexibility Relationship Innovation Information = Advantage Ali AL-SUMAITI PhD Candidate, Colorado School of
More informationPREVIEW FundamentalEdge Report October 2018
GLOBAL CRUDE OIL SUPPLY AND DEMAND PREVIEW FundamentalEdge Report October 2018 learn more at drillinginfo.com Key Takeaways This is a PREVIEW of a 20+ Page Report Global Crude Oil Supply and Demand is
More informationCopyright 2018 Renewable Energy Group, Inc. AFOA Biomass Based Diesel Market Trends
AFOA Biomass Based Diesel Market Trends Agenda Production Trends Modest and steady growth in biodiesel Potential Growth in RD, timeline is uncertain Co-processing volume yet to materialize Market Trends
More informationEmerging Trends in Petroleum Markets
Emerging Trends in Petroleum Markets For Defense Logistics Agency, Worldwide Energy Conference Washington, D.C. By T. Mason Hamilton, Petroleum Markets Analyst U.S. Energy Information Administration Independent
More informationStrategic Factors Impacting The California Crude Oil Market. About Purvin & Gertz, Inc. California Independent Petroleum Association
Strategic Factors Impacting The California Crude Oil Market Hyatt Regency Huntington Beach Mike Sarna Eric Wei Long Beach Office 1 About Purvin & Gertz, Inc. Privately-Owned, Independent International
More informationThe Game Has Changed The Influence Of Shale Development On The Global Petrochemical Industry
The Game Has Changed The Influence Of Shale Development On The Global Petrochemical Industry Bill Hyde, Senior Director Olefins and Elastomers Foro Pemex Petroquimica June 7, 2012 Presentation Agenda Outlook
More informationCan Small Refineries Succeed in North Dakota and Texas? Economics favor larger operators.
? Can Small Refineries Succeed in North Dakota and Texas? Economics favor larger operators. Morningstar Commodities Research July 9, 2018 Sandy Fielden Director, Oil and Products Research +1 512 431-8044
More informationCurrent Oil Market Issues. Energy Training Week Paris, April 2013
Current Oil Market Issues Energy Training Week Paris, April 2013 Short and Medium-Term Analysis & Forecasting: Current Oil Market Issues Antoine Halff Crude oil prices retreat from recent highs $/bbl 130
More informationThe Changing composition of bunker fuels: Implications for refiners, traders, and shipping
Platts 4 th European Refining Markets Conference The Changing composition of bunker fuels: Implications for refiners, traders, and shipping Wade DeClaris, EVP Marine World Fuel Services Corp. Agenda: Role
More informationUS Shale Liquids Surge: Implications for the Crude Oil Value Chain
US Shale Liquids Surge: Implications for the Crude Oil Value Chain Praveen Gunaseelan Vantage Point Advisors Matt Thundyil Transcend Solutions COQA Spring Meeting Houston March 2012 Transcend Solutions
More informationImpact of New Rail Car Safety Regulations on Crude Markets in the U.S. and Canada
Impact of New Rail Car Safety Regulations on Crude Markets in the U.S. and Canada CERI 2015 Oil Conference Presented by: Harry Vidas Vice President, ICF International April 21, 2015 2015 ICF International.
More informationHighlights from the Argus Americas Crude Summit January 23-25, Dennis Sutton
Highlights from the Argus Americas Crude Summit January 23-25, 2013 Dennis Sutton Forward-Looking Statements This presentation contains forward looking statements within the meaning of the Private Securities
More informationGlobal Overview of Middle Distillates Supply and Demand ICE Market Forum Rotterdam, November 2012
Global Overview of Middle Distillates Supply and Demand ICE Market Forum Rotterdam, November 2012 About Petromatrix Based in Switzerland (city of Zug) Publishes a daily newsletter on oil markets Mix of
More informationU.S. Crude Oil: The Upside & The Other Side
U.S. Crude Oil: The Upside & The Other Side Greg Haas ghaas@hartenergy.com Director of Research, Integrated Oil & Gas Houston, Texas March 13, 2014 Disclaimer Reports by Hart Energy Research & Consulting,
More informationAppendix B. OSHA Carcinogen Air Emissions (1999, 2003, and 2004)
Appendix B OSHA Carcinogen Air Emissions (1999, 2003, and 2004) OSHA Carcinogen Air Emissions (1999) Row # Facility OSHA Carcinogen Fugitive Air Emissions OSHA Carcinogen Stack Emissions Total OSHA Carcinogen
More informationInvestor Presentation. March 2014
Investor Presentation March 2014 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of federal securities laws regarding both MPC and MPLX. These forward-looking
More informationU.S. Total Crude Oil Supply and Demand
MMbbl U.S. Total Crude Oil Supply and Demand Mbbl/d U.S. Total Crude Oil Supply and Demand Table: A Previous Current ly Previous Forecast Change Estimate Estimate 4/13/18 4/20/18 4/20/18 4/20/18 4/27/18
More informationPetroleum and Natural Gas Situation
Petroleum and Natural Gas Situation John C. Felmy Chief Economist and Director Statistics Department American Petroleum Institute Felmyj@api.org www.api.org www.gasolineandyou.org www.naturalgasfacts.org
More informationNational Trends and Highlights
June 5, 2017 Volume 2: Issue 21 National Trends and Highlights U.S. Downstream Refinery Netback The turnabout in crude values came with a $2.20 hike in processing costs this past week. This increase is
More informationCrude Oil Quality Association (COQA)
Crude Oil Quality Association (COQA) Dennis L. Sutton February 22, 2018 COQA s Mission Ensure quality and consistency of crude oil are maintained from production to refinery Expand definition of quality
More informationOil Market Outlook 100 dollar oil In the cards again?
Oil Market Outlook 100 dollar oil In the cards again? Geopolitical events, a global bunker spec change plus the effect of CAPEX cuts in 2014-16 makes for a potent mix in 2020 DNB oil story in pictures
More informationThe Changing Relationship Between the Price of Crude Oil and the Price At the Pump
In 2007, what goes up, does not necessarily come down... May 3, 2007 The Changing Relationship Between the Price of Crude Oil and the Price At the Pump Prepared by: Tim Hamilton Petroleum Industry Consultant
More informationThe Changing Face of Global Refining
The Changing Face of Global Refining OPIS National Supply Summit Las Vegas, Nevada October 24-26, 2010 John B. O Brien, Executive Chairman Baker & O Brien, Inc. All rights reserved. The Changing Face of
More informationImpacts of Recent Hurricanes and the Outlook for Energy Markets
Impacts of Recent Hurricanes and the Outlook for Energy Markets Presentation to Baton Rouge Rotary Club November 8, 2005 David E. Dismukes Center for Louisiana State University Summary on Impacts of Hurricanes
More informationInvestor Presentation. July 2014
Investor Presentation July 2014 Safe Harbor Statement Statements contained in this presentation that state the company s or management s expectations or predictions of the future are forward looking statements
More informationMarket Report Series: Oil 2018 Analysis & Forecasts to Energy Community 10 th Oil Forum, Belgrade, 25 September 2018
Market Report Series: Oil 218 Analysis & Forecasts to 223 Energy Community 1 th Oil Forum, Belgrade, 25 September 218 Short term update: crude prices (excl. WTI) up strongly Aug/Sep $/bbl 8 Benchmark Crude
More informationJanuary 2018 Monthly Update North Dakota Pipeline Authority Justin J. Kringstad January 16, 2018
January 2018 Monthly Update North Dakota Pipeline Authority Justin J. Kringstad January 16, 2018 US Williston Basin Oil Production - 2017 JJ Kringstad - North Dakota Pipeline Authority 2 Monthly Production
More informationU.S. Dis(llates: A tale of economic resurgence and failed policy
U.S. Dis(llates: A tale of economic resurgence and failed policy Ben Montalbano Director, Research and Opera7ons Energy Policy Research Founda7on, Inc. (EPRINC) PlaDs 2 nd Annual North American Refined
More informationThe Asphalt Oil Binder Business A Necessary Evil or a Godsend From a Refiner s Perspective
The Asphalt Oil Binder Business A Necessary Evil or a Godsend From a Refiner s Perspective Austin Miller Sr. Manager Asphalt Supply & Trading Valero Energy Corporation NAPA s 56 th ANNUAL MEETING Orlando,
More informationIndustrial Commission Update. Justin J Kringstad Geological Engineer Director North Dakota Pipeline Authority
Industrial Commission Update Justin J Kringstad Geological Engineer Director North Dakota Pipeline Authority January 24, 2018 US Williston Basin Oil Production - 2017 JJ Kringstad - North Dakota Pipeline
More informationFeaturing: Tom Kloza, Oil Price Information Service (OPIS) SPONSORED BY.
THE OUTLOOK OF FUEL Featuring: Tom Kloza, Oil Price Information Service (OPIS) SPONSORED BY TH E NATSO SHOW 2013 FEB 3-7 SAVANNAH, GA. www.opisnet.com tkloza@opisnet.com 1 Presentation By: Tom Kloza OPIS,
More informationTRAFFIC VOLUME TRENDS July 2002
TRAFFIC VOLUME TRENDS July 2002 Travel on all roads and streets changed by +2.3 percent for July 2002 as compared to July 2001. Estimated Vehicle-Miles of Travel by Region - July 2002 - (in Billions) West
More informationGlobal Refining: Fueling Profitability in the Turbulent Times Ahead. Sponsored by:
Global Refining: Fueling Profitability in the Turbulent Times Ahead Sponsored by: The Outlook for Energy: A View to 24 Roland L. Moreau ExxonMobil Upstream Research Company Hart Energy Breakfast Club February
More informationTerminals Jeff Armstrong
Terminals Jeff Armstrong KMT - 2002 Legend Dry Bulk Locations Liquid Locations 2 KMT - 2004 (4) (4) (4) Legend Transload Operations Dry Bulk Locations Liquid Locations 3 Liquids Terminals Pasadena Terminal
More informationUS Crude Oil Reshaping International Crude Oil Flows. Olivier Jakob,
US Crude Oil Reshaping International Crude Oil Flows Olivier Jakob, ojakob@petromatrix.com www.petromatrix.com Claimer Petromatrix publishes since 2006 a daily market note on the oil markets Our reports
More informationExpansion of the Panama Canal A Game Changer: Port of Houston and Beyond. Juan B. Sosa, Consul General of Panama CAPT Bill Diehl, USCG (Ret.
Expansion of the Panama Canal A Game Changer: Port of Houston and Beyond Juan B. Sosa, Consul General of Panama CAPT Bill Diehl, USCG (Ret.) The Panama Canal How A Canal Works Suez Canal Type New Third
More informationThe Fuel and Vehicle Trends Report August 31, 2016
ISSN 1948-2388 The Fuel and Vehicle Trends Report August 31, 2016 This report is a summary of the latest fuel prices and other oil industry key statistics. In addition, this report provides the latest
More informationMarket Report Series Oil 2018
Market Report Series Oil 218 Norwegian Ministry of Energy, 17 April 218 Neil Atkinson, Head of Oil Industry and Markets Division Toril Bosoni, Senior Oil Market Analyst, Oil Industry and Markets Division
More informationCOMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS*
COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) 2 Fixed Rates Variable Rates For Internal Use Only. FIXED RATES OF THE PAST 25 YEARS AVERAGE RESIDENTIAL MORTGAGE LENDING RATE - 5 YEAR* (Per cent) Year
More informationCOMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS*
COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) 2 Fixed Rates Variable Rates FIXED RATES OF THE PAST 25 YEARS AVERAGE RESIDENTIAL MORTGAGE LENDING RATE - 5 YEAR* (Per cent) Year Jan Feb Mar Apr May Jun
More information