Author: Jude Hislop

Ethane production growth led to record US natural gas plant liquids production in 2017

Ethane prices began declining relative to natural gas prices in late 2011 and remained consistently lower than gas between 2013 and 2015 U.S. natural gas plant liquids (NGPL) production has nearly doubled since 2010, outpacing the rate of natural gas production growth and setting an annual record of 3.7 million barrels per day (b/d) in 2017, according to the U.S. Energy Information Administration. NGPLs are produced at natural gas processing plants, which separate liquids from raw natural gas to produce pipeline-quality dry natural gas. Marketed natural gas includes both NGPLs and dry natural gas. Growth in U.S. natural gas production has been driven...

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Adoption of autonomous vehicles could increase US transportation energy consumption

Electricity consumption is higher in all cases Autonomous vehicles are one of the main sources of uncertainty in the future of U.S. transportation energy consumption, as autonomous vehicle technology has the potential to change travel behavior, vehicle design, energy efficiency, and vehicle ownership, according to the U.S. Energy Information Administration. Analysis in EIA’s Annual Energy Outlook 2018 (AEO2018) shows that the widespread adoption of autonomous vehicles could increase overall light-duty vehicle travel and, depending on how those vehicles are powered, lead to slightly higher transportation energy consumption. On-road vehicles, including light-duty vehicles, buses, and commercial and freight trucks, are significant consumers...

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CN investing $320 million in Alberta’s rail infrastructure in 2018

CN operates 4,060 kms of rail in Alberta with 2,700 employees CN announced plans to invest $320 million across Alberta in 2018 to expand and strengthen the company’s rail network throughout the province, according to a CN press release. “We are investing for the long haul with these projects to boost capacity and network resiliency to meet growing demand in grain, energy, forest products and other markets so important to Alberta’s economy,” said Doug Ryhorchuk, VP of CN’s Western Region “Our investments in new double track and yard expansions, combined with new equipment and more people, will help us deliver superior...

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EIA expects Brent crude oil prices to average $71 in 2018, $68 in 2019

EIA expects OPEC crude oil production will average 32.0 million b/d in 2018, a decrease of about 0.4 million b/d from  2017 In the June 2018 update of its Short-Term Energy Outlook (STEO), EIA forecasts Brent crude oil prices will average $71 per barrel (b) in 2018 and $68/b in 2019. The updated 2019 forecast price is $2/b higher than in the May STEO. Brent crude oil spot prices averaged $77/b in May, an increase of $5/b from April and the highest monthly average price since November 2014. West Texas Intermediate (WTI) prices are forecast to average almost $7/b lower than...

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Canadian crude oil exports by rail reach a 3-year high – NEB

Refineries in US East Coast have minimal pipeline access so bring in Western Canadian crude oil by rail In March of 2018, Canadian oil volumes exported by rail reached a 3-year high of over 170,000 barrels per day (Mb/d). The differential between light and heavy crude oil benchmark prices also reached a 3 year high in March 2018, averaging $23 per barrel, according to the National Energy Board. Crude-by-rail exports were more economic because the relatively high cost of rail transportation was offset by the lower cost paid for the Canadian oil by refiners in the United States (U.S.). Additionally, major...

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