WTI Breaks Below $77 (Again) -- April 26, 2023

Locator: 44472B.

Active rigs: 43.

Peter Zeihan newsletter.

WTI: $76.77.

Natural gas: $2.190.

Thursday, April 27, 2023: 46 for the month; 46 for the quarter, 301 for the year
37291, conf, CLR, Irgens Rexall 9-19HSL1,
37290, conf, CLR, Irgens Rexall 8-19H,

Wednesday, April 26, 2023: 44 for the month; 44 for the quarter, 299 for the year
None.

RBN Energy: the import-export mismatch and what it means for US "Big 3" production. Archived.

The world is full of paradoxes and apparent contradictions, like the phrase “this page intentionally left blank” on an otherwise empty page in a government report, and the energy sector is no different. The U.S. is the world’s largest exporter of the “Big 3” petroleum products — gasoline, diesel/gasoil and jet fuel/kerosene — but it still imports significant volumes of those very same products. That paradox, which is not unlike the U.S.’s need to both export and import various grades of crude oil, is tied to a mismatch between where the product is produced and where it is consumed. In today’s RBN blog, we look at the factors that contribute to that mismatch and what it means for U.S. “Big 3” production and exports going forward.