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U.S. Gulf Coast Crude Oil Exports Resume
Crude oil exports from the U.S. Gulf Coast resumed March 14, 2016, following a 10-day lull. Since March 14, 2016, about 4.8mn bbls of waterborne shipments have been loaded in the U.S. Gulf Coast bound...
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Power Prices Falling in Western Europe, Concerns About Capacity Adequacy...
Over the last three months, commodity prices have continued to fall strongly. In March 2016, Brent oil spot prices remained below 42 $/bbl, coal touched a low of 43 $/tonne and TTF gas fell to 11...
View ArticleGenscape Fully Integrates The Petrochemical Standard (TPS); Plan to Refocus...
Genscape to Provide a Holistic View of the Petrochemicals Market with Commercial Offering of PX/PTA and Benzene-SM Product Assessment Reports from TPSMarch 31, 2016, Louisville, KY – Genscape today...
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North American Crude Inventories to Stay Historically High in 2016, but Draws...
North American crude inventories will stay at historically high levels this year, though Genscape expects the first material draws to take place in May 2016, as strong demand takes hold for the summer....
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Maintenance at the Oil Sands Upgraders in Canada Starting in April
Public information on a private upgraders such as Shell’s Scotford upgrader in Alberta is hard to come by. Most analysts rely on the public government data that is often three to six months lagged and...
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Iran Targets India to Gain Crude Export Market Share
Iran’s crude oil waterborne exports reached 53.4mn bbls, or 1.7mn bpd in March 2016, up 140,000 bpd from February 2016, as the country sends more crude to India following the removal of economic...
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Keystone Pipeline Outage Impacts North American Crude Stock Levels
The recent eight-day outage on TransCanada’s cross-border Keystone pipeline potentially removed 4.6mn bbls of oil from entering the United States from Canada and was a widespread influence on crude...
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Los Ramones Phase II Still Not In Service
In the week ending April 15, 2016, many data vendors reported Mexico’s Los Ramones Phase II came online, but Genscape disagrees with this assessment and doesn't expect that system to come into service...
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Saddlehorn-Grand Mesa Pipeline to Increase Cushing Pipeline Imbalance to...
The Saddlehorn-Grand Mesa joint interest crude pipeline is on track to open in September to bring up to 340,000 bpd of crude from Platteville, CO, to Cushing, OK, where stocks have hovered at close to...
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Questionable Status of Dominion's New Market Project
As with numerous other Northeastern projects, there has been much speculation behind the status of Dominion's New Market Project and whether the project would be complete in time for their November...
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North Dakota Crude-by-Rail Loadings Hit Record Low
Average weekly crude loadings at North Dakota rail terminals fell to about 215,000 bpd last week, the lowest level since crude-by-rail volumes ramped up in the state along with Bakken shale production...
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Containership MSC Fabiola Grounding Blocks Suez Canal
A ship blocking the Suez canal can cause a major disruption to trade. Ships transit the canal in a convoy system and a prolonged blocking of the canal can cause disruption to the convoy schedule.On...
View ArticleGenscape Launches Crude Oil Daily Price Assessment for Bakken Crude at Beaver...
New assessment captures value of prolific Bakken crude production at the nexus of both pipeline and rail takeaway capacity May 3, 2016, Houston, TX – Genscape launched a daily price assessment for...
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Impacts of TETCO's Natural Gas Pipeline Explosion
A massive explosion occurred Friday on TETCO’s Penn-Jersey Line in the M3 zone. The explosion occurred on one of its 30” lines near Salem Township in Westmoreland County, PA, about 40 miles east of...
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Houston Gasoline Rack Activity Shows Recovery Following “Tax Day Flood”...
Houston gasoline rack demand finally recovered the week ending April 28, 2016 from the “Tax Day Flood” of April 18, 2016, where heavy rains and widespread flooding closed roads and damaged thousands of...
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Rare Biodiesel Import to the U.S. from Australia Detected
On April 27, 2016, Genscape Vesseltracker detected a shipment of 4,200 tons (about 1.3 million gallons) of biodiesel from Australia arriving at the Texas Terminals Wharf in the Houston area. The Stolt...
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Genscape’s NGL & Petrochemical Monitors Reveal Progress on Unit Expansions
Genscape’s proprietary network of infrared cameras provide clients with unique images of construction progress on expansions and capital improvements in addition to real-time alerts on the ethylene...
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Fire Strikes Singapore’s Jurong Aromatics Corporation (JAC)
Singapore's Jurong Aromatics Corporation (JAC) was struck by a fire on Wednesday, April 20, 2016, according to eyewitness accounts, and an employee was hospitalized following the blaze, according to an...
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Cushing, OK, Crude Stocks, USGC Exports Hit Record Highs after U.S....
Cushing, OK, crude inventories reached a record high May 3, 2016 of more than 70mn bbls after refinery outages in the U.S. Midcontinent displaced barrels to both storage tanks and the U.S. Gulf Coast....
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Alberta Wildfire Disrupts North American Crude Supply Chain
In addition to nearly 340,000 bpd of planned maintenance scheduled in May, Western Canadian oil output is expected to be cut by an additional 260,000 bpd after bitumen and synthetic crude production...
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