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oil refinery
Mike Walls, Senior Crude Oil Analyst
July 02, 2018
On June 20, the 350 Mb/d Syncrude Upgrader experienced a power trip on a transformer forcing the production facility to shut, according to a company spokesman statement. A Suncor company spokesman said the project will be shut through July at least and they are performing a comprehensive assessment of when...
natgas pipeline
Josh Garcia, Eric Fell, Colette Breashears & Rick Margolin, Genscape Natural Gas
July 02, 2018
Transco Zone 5 (Z5) provided a home for swelling Northeast production growth and associated natural gas infrastructure projects to move that growth in the past. With Transco's Atlantic Sunrise project adding 1.7 Bcf/d of capacity into Z5 and EQT’s Mountain...
Ricardo Falcon, Regional Director - Mexico, Genscape Power
June 29, 2018
Get ready for a long Sunday. On July 1, 2018, pollsters expect Mexican voters to elect populist, left-wing candidate Andrés Manuel López Obrador (a.k.a. AMLO), to office as the next President. A member of the Morena party, AMLO emerged as the frontrunner, capitalizing on widespread outrage with...
Oil tanks
Suzanne Danforth, Genscape Oil and Jim Venhoff, Genscape Ag and Biofuels
June 20, 2018
U.S. domestic ethanol demand suffered this spring relative to 2017, despite consistently favorable blending values and increasing Renewable Fuel Standard (RFS) requirements. The decline, following a period of historically low ethanol prices this winter, forced the ethanol industry to diversify and seek new...
Chicago Ethanol Inventory
Jim Venhoff, Manager, Agriculture & Biofuels
June 15, 2018
On March 23, 2018 President Trump’s new tariffs on U.S. steel and aluminum imports went live, creating a ripple effect on other commodity markets across the globe. In response, several other countries announced retaliatory tariffs of their own on critical American exports including pork products,...
Salem Harbor Footprint
Robert Lance & Julien Vandal, Genscape Power & Molly Rosenstein & Josh Garcia, Genscape Natural Gas
June 13, 2018
Two natural gas-fueled combined-cycle electric generating facilities entered the ISO-NE supply stack since May 21. Competitive Power Venture’s (CPV) 785 megawatt (MW) Towantic facility in Oxford, CT, and the Salem Harbor 674 MW Generating Station in Salem, MA, will no doubt be game changers for general...
spring power lines
Zachary Szumloz, Meteorologist/Electricity Demand Forecaster
June 06, 2018
With Summer 2018 upon us, power market participants need to prepare for the impacts of strong demand. Genscape analysts expect to see electricity demand increase, with the hottest and most humid days leading to a coincident peak (CP) day. CP days are an important mechanic in several markets that are...
solar panels
Adrienne Horne, Julien Vandal, Robert Lance, and Zachary Szumloz, Genscape Power
June 05, 2018
In this blog series, we explore the regional power market impacts of behind the meter solar generation (BTM). In this post, we examine the ISO New England (ISO-NE) power market region, where we are starting to see clear patterns of price volatility driven by incorrect expectations of BTM. Stay tuned for the...
Suzanne Danforth, Director, Downstream Product Development, Genscape Oil
May 25, 2018
The recent jump in gasoline prices to nearly four-year highs is starting to erode U.S. gasoline demand relative to last year as the summer gasoline season approaches,​ according to Genscape Supply Side Weekly Gasoline Demand Report data. Diesel demand, however, has expanded relative to 2017 in the...
David Arno and Dylan White, Genscape Oil
May 11, 2018
Waterborne exports of U.S. crude reached a record-high amount in April, according to Genscape’s North American Waterborne report. The trend of high export volumes is expected to continue due to an ongoing, relatively wide NYMEX Light Sweet crude (WTI)/ICE Brent spread. Crude exports in April, all...