Post Tagged with: "oil storage"

Source: CNBC

Oil prices could go negative again for reasons beyond just storage

CNBC


It’s not all about storage.

Yes, the world is watching the available amount of oil storage to try to figure out when the ‘tank tops’ and there’s simply no more space to fill with unneeded crude. There are, however, …

Source: CNBC

Oil markets in ‘inflection phase’ after historic week of trade, Goldman Sachs says

CNBC


The widow-making collapse in oil prices came to a pause in Asia trade on Thursday, but analysts aren’t convinced that the worst sell-off in oil market history is over yet.

“We think that this is the inflection phase,” Goldman …

Marathon Petroleum Grows End User Presence with 900 MBO Terminal and Retail Acquisition

Marathon Petroleum Grows End User Presence with 900 MBO Terminal and Retail Acquisition

Marathon Petroleum Corp. to acquire a terminal and retail locations in Buffalo, New York

April 15, 2019 - 7:00 am Closing Bell Story‎, Downstream, Press Releases
Oil Market Balance will Return by the End of 2017: EIA

Oil Market Balance will Return by the End of 2017: EIA

The dreaded surplus is only 3 days’ production

Global oversupply in the oil market has almost become a curse word in the oil and gas industry. Since the OPEC decision to maintain output levels on November 28, 2014, the industry …