NGLs and Feedstock Market Overview

Size: px
Start display at page:

Download "NGLs and Feedstock Market Overview"

Transcription

1 NGLs and Feedstock Market Overview Platts Inaugural Petrochemical Seminar Kelly Van Hull Manager Energy Analytics

2 Processing & Fractionation Additions * Expansions Through 215 Processing Capacity Fractionation Capacity 2

3 Significant Portion of Incremental Production Will Flow to Mont Belvieu Infrastructure Build Out Essential To Maintaining Growth (Announced Increases Through 214) PADD IV Mb/d PADD II +561 PADD I +76 Planned Pipelines & Expansions ONEOK Bakken (75) MAPL Rockies (75) Front Range (15) ONEOK Sterling III (2) Texas Express (28) Enterprise ATEX (19) Vantage (4) Mariner East (7) Crosstex Cajun Sibon (5) Bluegrass (2) or KM/MarkWest (2) PADD III +568 Online 212/213 ONEOK Bakken (6) Overland Pass (115) DCP Southern Hills (15) DCP Sand Hills (2) Enterprise A (5)ETX ETC Lone Star (13) ETC Justice (34) Eagle Ford Yoakum (45) Mariner West (5) Cajun-Sibon (7) 212 to 218; Source: RBN 3

4 Actual U.S. NGL Production from Gas Processing to Increase by 1.5 MMb/d ,5 4, Mb/d 3,5 3, 2,5 2, NGL Production Ethane Rejection 4

5 PADD 3 Will Remain the Largest Producer of NGLs from Gas Processing Plants Mb/d PADD 1 PADD 2 PADD 3 PADD 4 PADD 5 5

6 Basin Production Growth Mb/d DJ Basin Anadarko Permian Williston - ND Eagle Ford Marcellus Utica 6

7 Mb/d U.S. Ethane Market Long With Rejection Exceeding 2 Mb/d Starting in 213 2, 1,8 1,6 1,4 1,2 1, Gas Plant Supply Refinery Supply Petchem Demand Exports Rejected Volumes 7

8 U.S. Propane Market Length to be Relieved by Exports Mb/d Gas Plant Supply Refinery Supply Imports Petchem Demand Heating Demand Exports 8

9 Exports Required to Keep Normal Butane Balanced Mb/d Gas Plant Supply Refinery Production Imports Petchem Demand Isomerization Demand Refinery Inputs Exports 9

10 Isobutane Market Balances by Reducing Isomerization Mb/d Gas Plant Supply Isomerization Refinery Production Imports Octane Enhancement Refinery Inputs Exports 1

11 Demand For Diluent to Keep U.S. Natural Gasoline Market Balanced Mb/d Gas Plant Supply Petchem Demand Refinery Demand Imports Renewable Fuel Demand Exports 11

12 Gulf Coast Export Capacity Mb/d Propane Butane Rio Grande Pipeline Capacity 212 U.S Gulf Marine Export Capacity Enterprise 213 Exp Targa 213 Exp Targa 214 Exp Enterprise 215 Exp Targa 215 Exp Mariner South 215 Oxy 215 Williams/Boardwalk 216 Vitol

13 Propane Exports Majority of Propane Leaving PADD Mb/d U.S. Exports of Propane and Propylene Gulf Coast (PADD 3) Exports of Propane and Propylene 13

14 Destinations for U.S. LPG Exports Mb/d Venezuela Panama Netherlands Mexico Japan Dominican Republic Chile Canada Brazil Total U.S. Exports of Liquified Petroleum Gases 14

15 Natural Gasoline Exports Majority of Natural Gasoline Leaving PADD 2 Mb/d U.S. Exports of Pentanes Plus Midwest (PADD 2) Exports of Pentanes Plus 15

16 Destinations for U.S. Natural Gasoline Exports Mb/d Canada Total U.S. Exports of Pentanes Plus 16

17 Crude Oil and Natural Gas Outlook $/Barrel $12 $1 $8 $6 $4 $2 $ WTI $/MMBtu $5. $4.5 $4. $3.5 $3. $2.5 $2. $1.5 $1. $.5 $. Henry Hub 17

18 Ethane and Propane Price Outlook $/Gal $1.6 $1.4 $1.2 $1. $.8 $.6 $.4 Price 7% 6% 5% 4% 3% 2% Ratio to Crude Oil Propane $.2 $. Ethane Propane 1% % 18

19 Feedstock Margins Ethane Returns to Most Favored Feedstock Position Cents/LB Ethane Propane Natural Gasoline 19

20 Olefin Prices Sept 211- Sept 213 Cents/LB Ethylene PG Propylene 2

21 NGL Feedstock Prices Sept 211- Sept 213 c/gal Ethane Propane 21

22 Theoretical Ethane Trading Range»Ethane ceiling: The maximum price for ethane before flexible olefin crackers begin to switch to the next best alternative feedstock (typically propane)»ethane floor: Natural gas price at the plant tailgate, adjusted for ethane transportation and fractionation costs Price Ceiling Price Floor 22

23 Ethane Infrastructure Rejection Build Out Essential Economics To Maintaining Growth (Announced Increases Through 214) Bakken Rockies Anadarko Marcellus /Utica Eagle Ford Mont Belvieu 23

24 Pipeline Transportation Rates and Natural Gas Prices Determine Ethane Prices While Market is Long

25 Conclusions»Actual U.S. NGL production from gas processing to increase by 1.5 MMb/d from »Marcellus, Utica, Eagle Ford, and Williston Basin are driving U.S. NGL production growth»u.s. ethane market will remain long through 218 with rejection exceeding 2 Mb/d starting in 213»More distant locations from Mont Belvieu will experience highest levels of rejection»exports will be required to keep propane, normal butane, and natural gasoline markets balanced 25

26 Kelly Van Hull Manager Energy Analytics 3333 Allen Parkway, Suite 187 Houston, TX,

Stronger than the others

Stronger 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 information

Like a Box of Chocolates The Condensate Dilemma. 3rd Annual NGLs Forum

Like 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 information

Trends in U.S. crude oil and petroleum product exports

Trends in U.S. crude oil and petroleum product exports Trends in U.S. crude oil and petroleum product exports For ENERCOM Oil & Gas Conference August 21, 218 Denver, Colorado By T. Mason Hamilton, Petroleum Markets Analyst, Office of Energy Markets and Financial

More information

Changes 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, 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 information

Petrochemical Feed Stock, Global Olefin & Polyolefin Outlook

Petrochemical 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 information

The 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 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 information

Drilling in North America s Low Oil Price Environment

Drilling 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 information

SHALE-ADVANTAGED CHEMICAL INDUSTRY INVESTMENT

SHALE-ADVANTAGED CHEMICAL INDUSTRY INVESTMENT 9 April 2013 SHALE-ADVANTAGED CHEMICAL INDUSTRY INVESTMENT Martha Gilchrist Moore Sr. Director, Policy Analysis and Economics Shale Gas Shale gas is possibly the most important energy development in the

More information

Defining the Debate: Crude Oil Exports

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 information

Rice Global E&C Forum August 9, 2013

Rice 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 information

ABB MEASUREMENT & ANALYTICS ANALYTICAL MEASUREMENT. PGC1000 Meeting the needs of NGL plants

ABB MEASUREMENT & ANALYTICS ANALYTICAL MEASUREMENT. PGC1000 Meeting the needs of NGL plants ABB MEASUREMENT & ANALYTICS ANALYTICAL MEASUREMENT PGC1000 Meeting the needs of NGL plants P G C 1 0 0 0 N G L P L A N T P R O D U C T I O N P B/ 1 0 74 3 - E N Measurement made easy PGC1000 NGL PLANT

More information

Hydrocarbon Gas Liquids (HGL): Recent Market Trends and Issues

Hydrocarbon Gas Liquids (HGL): Recent Market Trends and Issues Hydrocarbon Gas Liquids (HGL): Recent Market Trends and Issues November 2014 Independent Statistics & Analysis www.eia.gov U.S. Department of Energy Washington, DC 20585 This report was prepared by the

More information

Growing Latin America: Feedstocks and Competitiveness

Growing Latin America: Feedstocks and Competitiveness MIDSTREAM DOWNSTREAM CHEMICAL Presentation Growing Latin America: Feedstocks and Competitiveness November 216 ihsmarkit.com Dr. Nick Rados, Global Business Director, Feedstocks +1 832 619 8593, nick.rados@ihsmarkit.com

More information

Thursday, 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, 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 information

The Shale Boom Heard Around the World

The 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 information

May 2018 Short-Term Energy Outlook

May 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 information

Evolving Global Oil Trade Flows. IEA-IEF-OPEC Joint Meeting Vienna, March 2018

Evolving Global Oil Trade Flows. IEA-IEF-OPEC Joint Meeting Vienna, March 2018 Evolving Global Oil Trade Flows IEA-IEF-OPEC Joint Meeting Vienna, March 2018 SHIFTING FLOWS: WHAT HAS THIS MEANT IN PRACTICE? US/Europe crude imports & exports Saudi crude to Poland Chinese teapots importing

More information

A summary of national and global energy indicators. FEDERAL RESERVE BANK of KANSAS CITY

A 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 information

U.S. Rail Crude Oil Traffic

U.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 information

Turmoil in Refining The Shakeout Continues

Turmoil 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 information

Adam 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 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 information

U.S. Rail Crude Oil Traffic

U.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 information

Market Report Series Oil 2018 Analysis and Forecasts to Columbia University Centre on Global Energy Policy, New York, May 22 nd 2018

Market Report Series Oil 2018 Analysis and Forecasts to Columbia University Centre on Global Energy Policy, New York, May 22 nd 2018 Market Report Series Oil 218 Analysis and Forecasts to 223 Columbia University Centre on Global Energy Policy, New York, May 22 nd 218 Robust global oil demand growth to 223 1.8 1.6 1.4 1.2 1..8.6.4.2.

More information

Downstream & Chemicals

Downstream & Chemicals Downstream & Chemicals Pierre Breber Executive Vice President 017 Chevron Corporation Downstream portfolio Fuels refining & marketing Integrated value chains Lubricants & additives Globally positioned

More information

B A K E R & O B R I E N

B 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 information

Methodology. Supply. Demand

Methodology. Supply. Demand Methodology Supply Demand Tipping the Scale 1 Overview Latin America and the Caribbean, a major petroleum product importing region, provides an important counterbalance to surpluses in refined product

More information

Wyoming: At the Crossroads of the Boom

Wyoming: 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 information

Growing 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 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 information

ENERGY & FEEDSTOCKS OUTLOOK Global Plastics Summit

ENERGY & FEEDSTOCKS OUTLOOK Global Plastics Summit SEPTEMBER 2016 ENERGY & FEEDSTOCKS OUTLOOK Global Plastics Summit Mark Eramo, Vice President IHS Chemical +1 281-752-3202 mark.eramo@ihsmarkit.com Energy & Feedstocks Agenda Chemical Value-Chain & The

More information

North American Storage and Transportation Trends

North 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 information

For 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 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 information

CORPUS 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 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 information

TANK BARGE OPPORTUNITIES RELATED TO CRUDE OIL PRODUCTION & MOVEMENT

TANK 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 information

THE CHANGING WORLD OF RAW MATERIALS: IMPACT OF ADHESIVES AND COATINGS. Ingrid Brase

THE CHANGING WORLD OF RAW MATERIALS: IMPACT OF ADHESIVES AND COATINGS. Ingrid Brase THE CHANGING WORLD OF RAW MATERIALS: IMPACT OF ADHESIVES AND COATINGS Ingrid Brase Presentation Outline Supply chain overview Factors impacting feedstock supply Crude oil Natural gas Supply chain Raw material

More information

Dr. Robert Brooks RBAC, Inc. IAEE Conference 2014 June (c) RBAC, Inc., , All Rights Reserved

Dr. Robert Brooks RBAC, Inc. IAEE Conference 2014 June (c) RBAC, Inc., , All Rights Reserved Dr. Robert Brooks RBAC, Inc. IAEE Conference 2014 June 2014 (c) RBAC, Inc., 2012-2014, All Rights Reserved The Shale Gas Revolution Technological innovations have brought about the shale gas revolution

More information

CHEMSYSTEMS. Report Abstract. Petrochemical Market Dynamics Feedstocks

CHEMSYSTEMS. Report Abstract. Petrochemical Market Dynamics Feedstocks CHEMSYSTEMS PPE PROGRAM Report Abstract Petrochemical Market Dynamics Feedstocks Petrochemical feedstocks industry overview, crude oil, natural gas, coal, biological hydrocarbons, olefins, aromatics, methane

More information

Market Report Series Oil 2018

Market 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 information

Emerging Trends in Petroleum Markets

Emerging 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 information

INTRODUCTION Enabling Iran s Future Through Partnership and Technology

INTRODUCTION Enabling Iran s Future Through Partnership and Technology UOP Olefins Seminar; Efficient Monetization of Natural Gas and LPG UOP Limited Nigel Orchard December 2016 INTRODUCTION Enabling Iran s Future Through Partnership and Technology UOP Creates Knowledge for

More information

Exxon 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. ? 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 information

Permian 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. ? 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 information

OCTANE THE NEW ECONOMICS OF. What Drives the Cost of Octane and Why Octane Costs Have Risen Since 2012 T. J. HIGGINS. A Report By:

OCTANE THE NEW ECONOMICS OF. What Drives the Cost of Octane and Why Octane Costs Have Risen Since 2012 T. J. HIGGINS. A Report By: THE NEW ECONOMICS OF OCTANE What Drives the Cost of Octane and Why Octane Costs Have Risen Since 2012 A Report By: T. J. HIGGINS Contents Foreword... 1 1. Executive Summary... 2 2. Tracking the Changing

More information

PROCESS ECONOMICS PROGRAM SRI INTERNATIONAL Menlo Park, California

PROCESS ECONOMICS PROGRAM SRI INTERNATIONAL Menlo Park, California PROCESS ECONOMICS PROGRAM SRI INTERNATIONAL Menlo Park, California Abstract Process Economics Program Report No. 169 REFINERY/CHEMICALS INTERFACE (January 1985) Demand for most major refinery products

More information

Changing Crude Qualities and Their Impacts on U.S. Refinery Operations AM-14-42

Changing 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 information

World crude oil exports by country, thousand barrels daily

World crude oil exports by country, thousand barrels daily World crude oil exports by country, 2002 thousand barrels daily Saudi Arabia 5 285 Former USSR 3 940 Norway 3 113 Iran 2 094 Nigeria 1 798 United Kingdom 1 746 Mexico 1 715 United Arab Emirates 1 614 Venezuela

More information

Abstract Process Economics Program Report 222 PETROLEUM INDUSTRY OUTLOOK (July 1999)

Abstract Process Economics Program Report 222 PETROLEUM INDUSTRY OUTLOOK (July 1999) Abstract Process Economics Program Report 222 PETROLEUM INDUSTRY OUTLOOK (July 1999) Global energy demand is rising, with fossil fuels oil, natural gas, and coal continuing to provide more than 90% of

More information

US Shale Liquids Surge: Implications for the Crude Oil Value Chain

US 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 information

Bakken 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, 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 information

Maximizing Refinery Margins by Petrochemical Integration

Maximizing Refinery Margins by Petrochemical Integration Topic Maximizing Refinery Margins by Petrochemical Integration Presented by : Rajeev Singh Global Demand for Refined Products 29% 29% 29% 29% 30% 30% 33% 10% 10% 10% 9% 8% 8% 7% 7% 7% 7% 7% 7% 7% 22% 22%

More information

CRUDE BY RAIL REFINER S PERSPECTIVES. Presented by Joseph Israel, February 2013

CRUDE 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 information

Downstream & Chemicals

Downstream & Chemicals Downstream & Chemicals Mark Nelson Executive Vice President Downstream & chemicals portfolio Fuels refining & marketing Focused, regional optimization Petrochemicals Advantaged feed, scale and technology

More information

Market Report Series: Oil 2018 Analysis & Forecasts to Energy Community 10 th Oil Forum, Belgrade, 25 September 2018

Market 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 information

6. Lone Star NGL Mont Belvieu LP E/P Mix November 16, Lone Star NGL Mont Belvieu LP Refinery Grade Butane November 29, 2012

6. Lone Star NGL Mont Belvieu LP E/P Mix November 16, Lone Star NGL Mont Belvieu LP Refinery Grade Butane November 29, 2012 LONE STAR NGL LLC PURITY TABLE OF CONTENTS UPDATED AS OF: MARCH 4, 2013 ISSUING ENTITIES DATE 1. Ethane (Purity Ethane) November 29, 2012 2. 3. Propane November 28, 2012 Isobutane November 29, 2012 4.

More information

CHEVRON PHILLIPS CHEMICAL PIPELINE COMPANY LLC PETROCHEMICAL PRODUCTS (AS DEFINED HEREIN)

CHEVRON PHILLIPS CHEMICAL PIPELINE COMPANY LLC PETROCHEMICAL PRODUCTS (AS DEFINED HEREIN) (Cancels T.R.S. No. 48.0.0) CHEVRON PHILLIPS CHEMICAL PIPELINE COMPANY LLC LOCAL TARIFF Applying on Intrastate Transportation of PETROCHEMICAL PRODUCTS (AS DEFINED HEREIN) [C] Ethane-Propane Mixture System

More information

New York Energy Forum

New York Energy Forum Presentation at the New York Energy Forum 30 June 2014 Antoine Halff The oil market at a junction Balances loosen up on paper but must be seen in perspective The unconventional supply revolution enters

More information

US Shale Oil Development and Impact on Aromatics Supplies

US 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 information

Recent 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 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 information

CHEVRON PHILLIPS CHEMICAL PIPELINE COMPANY LLC PETROCHEMICAL PRODUCTS (AS DEFINED HEREIN)

CHEVRON PHILLIPS CHEMICAL PIPELINE COMPANY LLC PETROCHEMICAL PRODUCTS (AS DEFINED HEREIN) (Cancels T.R.S. No. 48.1.0) CHEVRON PHILLIPS CHEMICAL PIPELINE COMPANY LLC LOCAL TARIFF Applying on Intrastate Transportation of PETROCHEMICAL PRODUCTS (AS DEFINED HEREIN) Rates in Cents per Barrel of

More information

ENERGY SLIDESHOW. Federal Reserve Bank of Dallas

ENERGY 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 information

ENERGY SLIDESHOW. Federal Reserve Bank of Dallas

ENERGY 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 information

The Shifting Ground in US Crude Markets. Houston, TX April 15, 2013

The Shifting Ground in US Crude Markets. Houston, TX April 15, 2013 The Shifting Ground in US Crude Markets Houston, TX April 15, 2013 Agenda Will production growth in Texas, Bakken, etc. overwhelm domestic demand? New Markets Eagle Ford, Permian to the USGC, Bakken to

More information

Light-Heavy Crude Oil Outlook: Implications for Coker Margins

Light-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 information

IHS Petrochemical Outlook

IHS Petrochemical Outlook IHS Petrochemical Outlook Presentation to Indian Petrochem 2014 Tony Potter Vice President Asia Pacific IHS Chemical October 30, 2014 IHS CHEMICAL Best-in-Class Brands Brought together to form the most

More information

Downstream Petroleum Sector The Growing Prominence of Asian Refining

Downstream Petroleum Sector The Growing Prominence of Asian Refining Downstream Petroleum Sector The Growing Prominence of Asian Refining Mr. Fahad Al-Dihani Deputy CEO,MAA Refinery, Kuwait National Petroleum Company-Kuwait Outline.. Global refining trends Kuwait s Position

More information

Refining Trends and Outlook

Refining 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 information

U.S. Crude Oil: The Upside & The Other Side

U.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 information

Downstream & Chemicals

Downstream & Chemicals Downstream & Chemicals Pierre Breber Executive Vice President Profitable downstream & chemicals portfolio Fuels refining & marketing Focused, regional optimization Petrochemicals Advantaged feed, scale

More information

The first wave of US crackers : End of a super cycle?

The first wave of US crackers : End of a super cycle? The first wave of US crackers : End of a super cycle? Tokyo Anu Agarwal 4 October 2017 London Houston Singapore Moscow Dubai New York Calgary Santiago Rio de Janeiro Beijing Shanghai Tokyo Sydney Astana

More information

Can 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. ? 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 information

The Petrochemical Industry From Middle Eastern Perspective?

The Petrochemical Industry From Middle Eastern Perspective? The Petrochemical Industry From Middle Eastern Perspective? Hydrocarbon Journey in Kuwait 1946 ENTERING CRUDE EXPORT MARKET 1949 FIRST REFINERY COMMISSIONED 1938 1 st COMMERCIAL OIL DISCOVERY 1963 AMMONIA

More information

Precios del Petróleo, la OPEP y los Mercados

Precios del Petróleo, la OPEP y los Mercados Precios del Petróleo, la OPEP y los Mercados Javier Díaz Manager, Energy Analysis & Consulting S&P Global Platts August 23, 2017 X Feria y Congreso International BOLIVIA GAS & ENERGIA 2017 Key Themes in

More information

Light Olefins Market Review. Bill Hyde, Senior Director Olefins and Elastomers Foro Pemex Petroquimica June 7, 2012

Light Olefins Market Review. Bill Hyde, Senior Director Olefins and Elastomers Foro Pemex Petroquimica June 7, 2012 Light Olefins Market Review Bill Hyde, Senior Director Olefins and Elastomers Foro Pemex Petroquimica June 7, 212 N. America Energy Market Shift Felt Around The Petrochemical World $US per Million Btu

More information

Petrochemical Industry - Key Geographies Experiencing Change in Feedstock Scenario

Petrochemical Industry - Key Geographies Experiencing Change in Feedstock Scenario Petrochemical Industry - Key Geographies Experiencing Change Reference Code: GDCH005TR Publication Date: March 2012 The global petrochemical industry is witnessing significant changes in the feedstock

More information

feedstock will be paramount. Olefins production will be optimizing between ethane, propane and naphtha feedstock; while aromatics producers will be

feedstock will be paramount. Olefins production will be optimizing between ethane, propane and naphtha feedstock; while aromatics producers will be Naphtha and octane are feedstocks for production of aromatics, but are also important gasoline blendstocks. In 2012-13 demand for naphtha and octane was high, but presently octane and specially naphtha

More information

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.

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. 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 information

THE THUNDER ROLLS IMO 2020 S MARKET IMPACTS AND CHALLENGES TO REFINERS (PART 2)

THE THUNDER ROLLS IMO 2020 S MARKET IMPACTS AND CHALLENGES TO REFINERS (PART 2) THE THUNDER ROLLS IMO 2020 S MARKET IMPACTS AND CHALLENGES TO REFINERS (PART 2) December 4, 2018 The planned shift from 3.5%-sulfur marine fuel to fuel with sulfur content of 0.5% or less mandated by IMO

More information

U.S. Ethane Crackers and Ethylene Derivative Capacity Additions

U.S. Ethane Crackers and Ethylene Derivative Capacity Additions U.S. Ethane Crackers and Ethylene Derivative Part 1 The Economics Behind Monetizing Cost-Advantaged U.S. Ethane Reserves by CLAY JONES, TERREL LAROCHE, and CHERYL GINYARD-JONES www.honfleurllc.com HONFLEUR

More information

PRESENTATION TO FOURTH IEA-IEF-OPEC SYMPOSIUM ON ENERGY OUTLOOKS

PRESENTATION TO FOURTH IEA-IEF-OPEC SYMPOSIUM ON ENERGY OUTLOOKS PRESENTATION TO FOURTH IEA-IEF-OPEC SYMPOSIUM ON ENERGY OUTLOOKS Nathalie BRUNELLE Senior VP Strategy, Development, Research Refining & Chemicals January 22, 214 Riyadh, Saudi Arabia janv.-7 juin-7 nov.-7

More information

The Changing Face of Global Refining

The 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 information

Perspectives on US Energy Outlook, Cocktail Party Issues and Impacts on E&C Players

Perspectives on US Energy Outlook, Cocktail Party Issues and Impacts on E&C Players Perspectives on US Energy Outlook, Cocktail Party Issues and Impacts on E&C Players October 4, 211 1 World Oil Outlook 2 US Refining and Gasoline Outlook 3 US Natural Gas Outlook 4 US NGL Outlook Wood

More information

Crude Oil Markets, Structures, and Mechanisms. Jenna Delaney, Senior Energy Analyst, Platts Bentek Products May 2017

Crude 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 information

Regional Refining Outlook

Regional 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 information

Executive Panel Discussion

Executive Panel Discussion Theme: Executive Panel Discussion, Thursday Dec 14, 2017 Executive Panel Discussion Moderator: Dave Witte - IHS Markit Panelists: Walter Pinto - Lyondellbasell Tony Jones - Valero Ron Corn - CPChem Mike

More information

Weekly Petroleum Status Report

Weekly Petroleum Status Report DOE/EIA-0208(2015-34) Distribution Category UC-98 Data for Week Ended: August 14, 2015 Weekly Petroleum Status Report EIA DATA ARE AVAILABLE IN ELECTRONIC FORM The tables in the Weekly Petroleum Status

More information

India s Current Position in the Petrochemicals Industry

India s Current Position in the Petrochemicals Industry India s Current Position in the Petrochemicals Industry 6 th Annual Platts Asian Petrochemicals Markets 2017 April 19-20, 2017, Shanghai, China K.K.Jain, Executive Director (Petrochemicals-Projects) 1

More information

STATUS OF THE U.S. REFINING INDUSTRY

STATUS 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 information

U.S. Total Crude Oil Supply and Demand

U.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 information

RESEARCH & KNOWLEDGE MANAGEMENT. Oil & Gas Updates: US Shale Industry

RESEARCH & 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 information

On- Purpose Butadiene (OPBD) Will Be Needed In The Future. Gale Richards Director Strategic Project Analysis TPC Group

On- Purpose Butadiene (OPBD) Will Be Needed In The Future. Gale Richards Director Strategic Project Analysis TPC Group On- Purpose Butadiene (OPBD) Will Be Needed In The Future Gale Richards Director Strategic Project Analysis TPC Group Disclaimer This Report includes forecasts, projec5ons and other predic5ve statements

More information

Greg Haas, Director of Research, Stratas Advisors

Greg Haas, Director of Research, Stratas Advisors U S Oil & NGL Fundamentals U.S. -- Shale Liquids Moving From Excess to Exports -USAEE - Houston Chapter, Thursday, October 16, 2014 Greg Haas, Director of Research, Stratas Advisors Stratas Advisors. All

More information

PREVIEW FundamentalEdge Report October 2018

PREVIEW 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 information

Monthly Petroleum Statistics

Monthly Petroleum Statistics AUGUST 2015 Vol. XXVII No. 8 Monthly Petroleum Statistics SUBDIECCIÓN DE DESEMPEÑO DEL NEGOCIO AV. MAINA NACIONAL 329 GEENCIA DE INDICADOES OPEATIVOS Y DEL NEGOCIO PISO 31 TOE EJECUTIVA 11311 MÉXICO D.

More information

VTTI. Storage Markets : Our Perspective. StocExpo Europe March Onur Capan: Market Intelligence

VTTI. Storage Markets : Our Perspective. StocExpo Europe March Onur Capan: Market Intelligence VTTI Storage Markets : Our Perspective Onur Capan: Market Intelligence StocExpo Europe March 2017 VTTI track record at its 10 th anniversary VTTI has grown in 10 years to be one of the largest global independent

More information

A New Proxy for Coking Margins Forget the Crack Spread

A New Proxy for Coking Margins Forget the Crack Spread Annual Meeting March 13-15, 2005 San Francisco Hilton Hotel San Francisco, CA A New Proxy for Coking Margins Forget the Crack Spread Presented By: John B. O Brien President Baker & O Brien, Inc. Dallas,

More information

PVC and Chlor-Alkali In a Vibrant Region

PVC and Chlor-Alkali In a Vibrant Region PVC and Chlor-Alkali In a Vibrant Region Joel Lindahl Director, Chlor-Alkali & Vinyls Americas Foro PEMEX Petroquímica Junio 2011 1Singapore Shanghai Bangkök Houston New York London Düsseldorf Dubai Latin

More information

California s Petroleum Infrastructure Overview and Import Projections

California s Petroleum Infrastructure Overview and Import Projections California s Petroleum Infrastructure Overview and Import Projections Port of Los Angeles Harbor Commission Meeting San Pedro, CA February 1, 2007 Gordon Schremp Fuels and Transportation Division California

More information

Welcome to Natural Gas 101 Overview of Oil and Gas Industry by Michael Rozic ECI. Remote Automation Solutions 1

Welcome to Natural Gas 101 Overview of Oil and Gas Industry by Michael Rozic ECI. Remote Automation Solutions 1 Welcome to Natural Gas 101 Overview of Oil and Gas Industry by Michael Rozic ECI Remote Automation Solutions 1 from Well Head to Burner Tip or as they say in the industry Upstream Midstream Downstream

More information

Implications of the U.S. Shale Revolution

Implications 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 information

ENERGY PRICES How High and How Long???

ENERGY PRICES How High and How Long??? ENERGY PRICES How High and How Long??? ISM Chemicals Group February 28 Presented By Ron Gist What a difference a year makes Jan. 27 Jan. 28 Jan. 2 WTI Crude Oil ($/bbl) $54.14 $92.98 $27.26 USGC Reg. Gasoline

More information

UTC Region 5 Meeting. Justin J Kringstad Geological Engineer Director North Dakota Pipeline Authority

UTC Region 5 Meeting. Justin J Kringstad Geological Engineer Director North Dakota Pipeline Authority UTC Region 5 Meeting Justin J Kringstad Geological Engineer Director North Dakota Pipeline Authority April 20, 2017 JJ Kringstad - North Dakota Pipeline Authority 2 Bakken-Three Forks Formations Mature

More information