Record setting US oil production growth is altering physical oil flows, flipping supply-demand fundamentals and leaving market observers searching for tools that can provide insight into these new price formation elements. Pipeline reversals and infrastructure expansion along the Gulf has debottlenecked the Cushing, Oklahoma storage hub, which has redrawn traditional oil grade basis differentials. Energy market… Keep reading →
Coal, renewables, nuclear and decreased year-on-year electricity demand are all eating into US natural gas-fired power generation. Increased installed wind power capacity played a major role, as developers rushed to achieve project eligibility ahead of scheduled end-2012 PTC expiration, according to Genscape data. “Year-to-date gas-fired generation continues to trail 2012 by 13%. It has lost… Keep reading →
Private-sector energy information provider Genscape is offering complimentary access to energy reports to fill the void left by the shutdown of agencies such as the Nuclear Regulatory Commission and the Energy Information Administration. EIA and NRC employees are joining the ranks of those furloughed during the government shutdown, meaning that many regular data reports will… Keep reading →
Arbitrage opportunities created by wide disparities between peak and off-peak power prices can offer strong returns, but data transparency is the key to capitalizing on those opportunities, said speakers at New York Energy Week’s Energy Data Jam, hosted by Google. Genscape has made a business of amassing and analyzing energy data, and “where that data… Keep reading →
Importing Canadian heavy oil via the Keystone XL pipeline may represent a more environmentally friendly option than crude from other sources, according to panelists at the New York Energy Week Oil and Gas Market Perspectives breakfast on Tuesday, hosted by CME Group. Environmentalists frequently cite the environmental footprint of Canada’s “tar sands” as a primary… Keep reading →
Competition between coal and natural gas is intensifying When the price of natural gas dipped below $2/MMBTUs in April 2009, the dash for gas set off in earnest. Any utility who could switch did switch from coal to natural gas. Not everyone could, of course, either because of the logistics, long-term fuel contract obligations or… Keep reading →
Energy markets are traditionally opaque, but technology firms ranging from the well-established to the start-up level have the opportunity to extend recent moves to improve transparency and improve market efficiency. They’ll be given the opportunity to demonstrate the power of technology in the evolving energy sector during the events planned for New York Energy Week, Genscape… Keep reading →
