Post Tagged with: "crude oil storage"

Source: Pembina Pipeline Corporation

Pembina to Acquire Kinder Morgan Canada and Cochin Pipeline for CAD $4.35 Billion

By Tyler Losier, Energy Reporter, Oil & Gas 360

Pembina Pipeline Corporation will purchase Kinder Morgan Canada and U.S. portion of Cochin Pipeline for CAD $4.35 billion
Pembina Pipeline Corporation (stock ticker: PBA), a midstream service provider based out of

Saudis’ Biggest Oil Surge in 5 Years Barely Steadies OPEC

Saudis’ Biggest Oil Surge in 5 Years Barely Steadies OPEC

From Bloomberg

Under U.S. pressure, kingdom boosts production by 330,000 b/d

Libyan, Venezuelan losses mean total OPEC output holds steady. Saudi Arabia’s biggest oil-production surge in five years was only enough to keep OPEC’s output steady last month, as losses …

Glencore Looks to Sell Crude Storage Assets as Futures Curve Flattens

Glencore Looks to Sell Crude Storage Assets as Futures Curve Flattens

Crude storage is becoming less attractive as futures prices decline

Swiss mining giant and commodity trader Glencore (ticker: GLEN) is looking to divest its global storage assets, following similar moves by rivals Vitol and Gunvor. As the futures curve begins …

Iran Takes Advantage of Higher Prices to Sell its Floating Storage Crude Oil

Iran Takes Advantage of Higher Prices to Sell its Floating Storage Crude Oil

Floating storage in Iran down nearly 50% in the last three months – up to 30 cargoes

Iran is using the recent uptick in oil prices to sell off crude oil that has been sitting in offshore storage since the …

U.S. Crude Storage Utilization Up while Capacity Grows

U.S. Crude Storage Utilization Up while Capacity Grows

The U.S. adds record amount of crude oil storage capacity; smaller than expected draw reported today

The glut of crude oil has prompted for some time now a fear that storage may not be able to keep pace with the …

June 22, 2016 - 5:00 pm Closing Bell Story‎, Oil and Gas 360 Articles
Cheniere Energy Increases Scope:  Will Export Crude Oil Condensate as well as LNG

Cheniere Energy Increases Scope: Will Export Crude Oil Condensate as well as LNG

– Building $550 Million Condensate Storage and Marine Terminal

– Cheniere Partners Taking on $5.8 Billion Debt to Build Train 5 at Sabine Pass LNG Export Facility

Cheniere Energy (ticker: LNG) is moving forward now on several energy export fronts.…

June 30, 2015 - 7:00 pm LNG, Oil and Gas 360 Articles