Mason Hamilton

The Death of Energy Statistics We Can Trust The death of energy statistics we can trust in the name of cost-cutting affects not just governmental policy but our daily lives as well.

Wise words from a wise man.

nationalinterest.org/blog/energy-...

Canada’s crude oil exports to Asia and U.S. West Coast have risen following the Trans Mountain pipeline expansion The American Petroleum Institute (API) is the only national trade association that represents all aspects of America’s oil and natural gas industry. Our more than 600 corporate members, from the large...

Read More: www.api.org/products-and...

Western Canada Select crude oil typically sells at a discount to WTI due to quality differences and transportation bottlenecks. In the past 5 years the discount has been as wide as $30/bbl. The discount remains near $10/bbl despite record exports to non-U.S. markets due to crude quality differences.

The Trans Mountain pipeline expansion added 590 kb/d of capacity. The expanded pipeline began ramping up in May 2024 and has eased takeaway constraints and opened new export markets. Canada exported nearly 400 kb/d to non-U.S. markets in January-April 2025, up from ~80 kb/d a year ago.

U.S. ethane production and exports rose a record in 2024 The American Petroleum Institute (API) is the only national trade association that represents all aspects of America’s oil and natural gas industry. Our more than 600 corporate members, from the large...

Read more: www.api.org/products-and...

The U.S. is the only major waterborne exporter of ethane in the world. Ethane is a petrochemical feedstock used primarily for plastics manufacturing. Over the past year, nearly half of U.S. ethane exports went to China and 19% to the EU and UK.

The U.S. produced 2.8 mb/d of ethane in 2024, up 1.0 mb/d or 55% since 2019. This is faster growth than U.S. crude oil production, which increased by 0.9 mb/d over the same period. Around 80% of U.S. produced ethane is used domestically and ~20% is exported.

75% of the active LNG tanker fleet was built in South Korea The American Petroleum Institute (API) is the only national trade association that represents all aspects of America’s oil and natural gas industry. Our more than 600 corporate members, from the large...

he U.S. built several LNG tankers in the 1970’s, but most have been scrapped or are at the end of their lifespan.

www.api.org/products-and...

At the end of 2024, there were 742 active LNG tankers according to the IGU 2025 LNG report, with 75% built in South Korea, 15% in Japan, and 7% in China. An additional 337 tankers have been ordered for delivery by 2031 with a record 101 vessels expected to be delivered in 2026.

Rising domestic production has helped the U.S. become less reliant on imported crude oil, particularly from the Middle East. In 2024, only 8% of U.S. crude oil imports came from Persian Gulf countries, down from 25% in 2014.

www.api.org/products-and...

In 2024, U.S. imports of petroleum products were the lowest since 1995, reflecting robust domestic production and changes to consumption. Lower imports and increased exports helped make the U.S. and even larger net-exporter of crude oil and petroleum products in 2024.

Don't call it a "chart" when it's clearly a "table".

U.S. exports of LNG to Europe set a new record high in January 2025!

Today, a legend retired. Creator of This Week In Petroleum, and probably still the most prolific author. A legend to the analysis community, the energy statistical community, and the strategic petroleum reserve world. A dedicated public servant and friend. Cheers and thank you!

2024 year in review: U.S. oil and natural gas.

2024 year in review: U.S. oil and natural gas.

CERAWEEK Day 4: I leave today so I’m wearing my Pi day socks early.

Bye Houston!

Opinion | Here’s one federal building we could — and should — scrap The Forrestal Building’s form is impeding its function as home of the Energy Department.

YESS!! #ScraptheBunker

“Here’s one federal building we could - and should - be scrapped”

www.washingtonpost.com/opinions/202...

Also the most frequently said word at CERAWEEK = “uncertainty”

CERAWEEK day 3!
On brand.

“Well” played Houston beer scene, well played.

CERAWeek Day 2!

CERAWEEK day 1

Not yet, but now I know what to look for!

Arrived in Houston for CERAWeek (yes, I packed my special socks).

Keen observers will notice the discontinuity in the data series. This is a legacy of the 1990's budget cuts and layoffs (Clinton-era) that forced EIA to suspend the survey collecting this data.

U.S. refineries: When less is more. The U.S. has 122 fewer refineries than in 1982 (pour one out for the homies), but has 2.2 million b/d more capacity. U.S. refineries have expanded and increased complexity to adjust to market conditions.

Looking forward to seeing friends, colleagues, and other people who draw charts with their hands while talking at @CERAWeek. I'll be there from March 10-13, reach out if you want to chat about markets and what amazing things my team
@ API has in store.