Tag: crude

Trump lets Keystone line ship more oil with expansion stalled – BNN Bloomberg

The Trump administration will allow the existing Keystone pipeline to carry more oil-sands crude into the Midwest and U.S. Gulf Coast while the conduit’s decade-old expansion project faces renewed legal hurdles. A White House permit issued Wednesday raises the cross-border shipping limit for the TC Energy Corp. line to 760,000 barrels a day, from 590,000 […]

Read More Trump lets Keystone line ship more oil with expansion stalled – BNN Bloomberg
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Crude Futures Range Bound; Demand Recovery Falters | By Liubov Georges , DTN Energy Reporter

WASHINGTON (DTN) — After trading in narrow ranges for most of the session, West Texas Intermediate crude futures on the New York Mercantile Exchange and Brent crude on the Intercontinental Exchange pushed higher late Monday afternoon, buoyed by a free fall in the U.S. dollar and prospects of a new massive stimulus bill set to […]

Read More Crude Futures Range Bound; Demand Recovery Falters | By Liubov Georges , DTN Energy Reporter

EXCLUSIVE-EPIC Midstream ships first crude on new Permian line to Gulf Coast – Reuters

EPIC Midstream Holdings LLC on Thursday began shipping crude oil on its 400,000 barrel per day (bpd) pipeline from the Permian Basin to the U.S. Gulf Coast, pushing Midland crude prices to the highest in six months, traders said. — Read on http://www.reuters.com/article/epiccrude-pipeline-startup/exclusive-epic-midstream-ships-first-crude-on-new-permian-line-to-gulf-coast-idUKL2N25B1SX

Read More EXCLUSIVE-EPIC Midstream ships first crude on new Permian line to Gulf Coast – Reuters

EIA data show an unexpected weekly climb in U.S. crude supplies – MarketWatch

EIA data show an unexpected weekly climb in U.S. crude supplies Myra P. Saefong The Energy Information Administration on Wednesday reported that U.S. crude supplies rose by 5.4 million barrels for the week ended May 10. Analysts and traders expected a fall of 1.4 million barrels, on average, according to a survey by The Wall Street […]

Read More EIA data show an unexpected weekly climb in U.S. crude supplies – MarketWatch
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Oil prices rise as API data reportedly show a surprise decline in U.S. crude supplies – MarketWatch

Oil prices rise as API data reportedly show a surprise decline in U.S. crude supplies – MarketWatch — Read on http://www.marketwatch.com/story/oil-prices-rise-as-api-data-reportedly-show-a-surprise-decline-in-us-crude-supplies-2019-02-26

Read More Oil prices rise as API data reportedly show a surprise decline in U.S. crude supplies – MarketWatch
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U.S. pipeline operators reap hefty profits from bottlenecks in Texas | Reuters

Some of the biggest pipeline operators in the United States have supercharged earnings this year by buying deeply discounted shale in West Texas oilfields and selling it at a premium at Gulf Coast ports. — Read on http://www.reuters.com/article/usa-crude-pipelines/u-s-pipeline-operators-reap-hefty-profits-from-bottlenecks-in-texas-idUSL2N1XI2E3

Read More U.S. pipeline operators reap hefty profits from bottlenecks in Texas | Reuters

US is now world’s top oil producer, Energy Department says

The United States is pumping record amounts of oil, vaulting over Russia to become the world’s biggest producer of crude. — Read on http://www.click2houston.com/news/national/us-is-now-worlds-top-oil-producer-energy-department-says

Read More US is now world’s top oil producer, Energy Department says

Phillips 66 Partners expanding Gray Oaks crude pipeline capacity to 900,000 b/d | S&P Global Platts

Phillips 66 Partners said Friday it was expanding to 900,000 b/d the capacity of its Gray Oaks crude pipeline, now under construction, supported by strong demand to move Permian crude to the US Gulf C — Read on http://www.spglobal.com/platts/en/market-insights/latest-news/oil/102618-phillips-66-partners-expanding-gray-oaks-crude-pipeline-capacity-to-900000-b-d

Read More Phillips 66 Partners expanding Gray Oaks crude pipeline capacity to 900,000 b/d | S&P Global Platts

News | Argus Media

US crude exports to China dropped to zero in August, down from about 384,000 b/d in the previous month amid the escalating trade war between the two countries. The drop contributed to an overall decline of US crude exports in August to 1.75mn b/d, down from 2.14mn b/d in July, according to Census Bureau trade […]

Read More News | Argus Media

Major traders are talking about $100 oil again – Midland Reporter-Telegram

Major oil trading houses are predicting the return of $100 crude for the first time since 2014 as OPEC and its allies struggle to compensate for U.S. sanctions on Iran’s exports. With Brent crude already jumping to an almost four-year high on Monday, that’s exactly the kind of price surge President Donald Trump has been […]

Read More Major traders are talking about $100 oil again – Midland Reporter-Telegram