Saturday, June 13, 2026

Weekly Oil Storage: Post-Harvey Build Continues

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week. Crude oil stocks rose by 4,591 MBBL last week to 472,832 MBBL, up from 468,241 MBBL last week. This is slightly below the 473,966 MBBL that was in storage at this point last year, and is 25%

Oryx Midstream Announces New Permian Pipeline

Oryx Midstream Services II announced today that it will build a new regional crude oil transportation pipeline serving the Delaware Basin with initial capacity of up to 400,000 barrels per day. Oryx II recently closed on a long-term regional oil transportation agreement with WPX Energy (ticker: WPX) and other producers bringing total acres committed to Oryx II to approximately 300,000

Anadarko Announces a $2.5 Billion Share-Repurchase Plan

GOM, Delaware, DJ producer targets $1 billion in share buybacks during 2017; expects 2018 capital program to be within cash flow Anadarko Petroleum Corporation’s (ticker: APC) board of directors has authorized a $2.5 billion share-repurchase program through the end of 2018, the company announced Wednesday. “We believe this is a very attractive use of our cash given the value of

Federal Reserve Says Will Start Reducing Stockpile of Bonds on its $4.5 Trillion Balance Sheet

From the Los Angeles Times The Federal Reserve announced Wednesday that it would start slowly reducing the trillions of dollars in bonds it bought to try to stimulate the economy, another milestone in the central bank’s efforts to return to a normal monetary policy after the Great Recession. The long-awaited reduction in the Fed’s $4.5-trillion balance sheet comes amid great uncertainty at