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Hurricane Harvey: Genscape's Natural Gas Update
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...
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Product Tankers Divert to U.S. as Post-Harvey Demand Spikes
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...
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The August 2017 Solar Eclipse: What Happened in the California Power Market?
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...
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Corpus Christi, TX, Begins Recovery from Hurricane Harvey
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...
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Southeast Gas Markets Prepare for Hurricane Irma
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...
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Florida Gasoline Demand Spikes Ahead of Hurricane Irma's Landfall
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,...
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Optimal Rhine River Insight from Genscape Vesseltracker’s New Inland Antennae
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...
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Genscape Crushes the NOPA Soybean Estimate for August 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...
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Changing Market Fundamentals Present New Trading Opportunities in New England
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...
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Aftermath of Hurricane Harvey Lingers over U.S. Refinery Markets
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...
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ARA Gasoline Stocks React to U.S. Hurricane Damage
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...
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Rover Pipeline: Tracking Steel and Natural Gas from Greece to Ohio
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...
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Harvey Hangover Sends North Dakota Crude by Rail to the U.S. East Coast
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...
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Genscape’s Active View of the Mexican Energy Market Highlights its Resiliency...
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...
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What is the Impact of the Energy East Termination on the Canadian Crude Market?
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...
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Hurricane Nate Disrupts Oil Operations in the Gulf Coast
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...
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SoCal Gas & Power Prices Ripping; More to Come
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...
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Genscape Increases Soybean Processing Capacity with Key Facility Additions
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...
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Record-High Exports Lead to Storage Draws Across the U.S. Gulf Coast
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...
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Thanksgiving Holiday Gasoline Demand Falls Short of Expectations
U.S. gasoline demand over the Thanksgiving holiday weekend only showed modest gains relative to the previous week and 2016 levels, despite expectations of increased holiday travel. Sizable growth in...
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