Post Tagged with: "Oklahoma"
U.S. Crude Stockpiles Fall, with Cushing Down for a Seventh Week – EIA
From Reuters
U.S. crude oil stockpiles fell more than expected last week with supplies at the Cushing, Oklahoma hub dropping for a seventh week, while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday.
Crude inventories fell …
Lotus Midstream Mulls Reversing West Texas to Cushing Pipeline – Sources
From Reuters
Pipeline operator Lotus Midstream LLC may reverse flows on a line now sending crude from West Texas to Cushing, Oklahoma, the main hub for pricing U.S. crude futures, three people familiar with the matter said on Tuesday, an …
Oil Rises More Than 2% on Firm Yuan, Expectations of More OPEC Cuts
From Reuters
Oil jumped more than 2% on Thursday on expectations that falling prices could lead to production cuts, coupled with a steadying of the yuan currency after a week of turmoil spurred by an escalation in U.S.-China trade tensions.…
Oil Falls 3% as Trade War Concerns Hit Demand Outlook
From Reuters
Global oil benchmark Brent futures fell more than 3% on Monday on global growth concerns after U.S. President Donald Trump last week threatened China with more tariffs, which could limit crude demand from the world’s two biggest buyers.…
Oil Slumps 7% as Trump Announces Additional Tariffs on Chinese Imports
From Reuters
Oil prices plummeted more than 7% on Thursday, with the U.S. benchmark posting its worst day in more than four years, after President Donald Trump said he would impose additional tariffs Chinese imports starting Sept. 1.
The drop …
NGL Energy Partners Closes with Mesquite, Announces Multiple Investments
NGL Energy Partners LP Closes Combination with Mesquite and Announces Investment from EIG and FS Energy and Power Fund
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Drilling Slowdown Challenges, Invigorates Oilfield Service Providers
From The Oklahoman
The working number of rigs drilling for oil and gas in Oklahoma is about 28% lower than what it was the first week of January.
The decline has squeezed the number of employed rig workers, which likely …
Building Boom Shows Biggest U.S. Oil Hub Hasn’t Lost Its Allure
From Bloomberg
Over two million barrels a day of new pipe capacity planned, Storage capacity at Cushing could reach 100 million barrels
America’s largest oil hub in Cushing, Oklahoma, is growing even as producers and traders look to move surging …
A Look at U.S.A.’s Energy States: Which Are the Best and Worst for Business?
CEOs rank Texas at the top, California at the bottom
Chief Executive magazine has published its newest list of the best and worst states for business. Texas ranked Number One—again. California is Number 50—again.
In the executive summary of …
U.S. Super-Light Oil Output Rise Roils Texas, Oklahoma Markets
From Reuters
Growing production of Texas super-light oil – and worries about its quality compared with other types of crude – is slowing down deliveries into the main U.S. storage hub in Oklahoma, draining supply there and adding to a …
