As southbound pipeline capacity is built and there's less demand in the Midwest, West Texas Intermediate will stabilize and trade at about $7/b under Light Louisiana Sweet, an industry expert said at an event Friday. Less demand for WTI, ...
Tags: Pipe Capacity, pipeline, Midwest
The Houston to Nederland, Texas, segment of Shell Pipeline's Houston to Houma, Louisiana, crude pipeline reversal project is open for shippers, a company spokeswoman said Wednesday. "The reversal is progressing on schedule, and the ...
Tags: Shell Pipeline, crude pipeline reversal project, crude
The NYMEX February crude contract broke out of a narrow trading band immediately ahead of the 1:15 p.m. EST (1815 GMT) cessation of trading on the NYMEX contract to end the day 9 cents lower at $95.47/b. Prior to 12:30 p.m. EST (1730 ...
Tags: crude oil, NYMEX, macroeconomic indications, US
The Laker Carriers' Association (LCA) reported Tuesday that shipments of iron ore on the Great Lakes totaled 61.6 million tons in 2012, a slight improvement over 2011. The increase, 245,000 tons, is equal to about four cargos in a ...
Tags: LCA, iron ore, Great Lakes
While analysts are generally in consensus in forecasting Brent crude to average around $110/b in 2013, the surge in North American production and question marks on the timing of new infrastructure has made for a highly divergent set of ...
Tags: Brent crude, crude oil prices, crude oil market, Brent
It is reported that coal and iron ore shipments are leading an 8% and a half percent increase in tonnage through the St Lawrence Seaway’s Montreal to Lake Ontario section this year over last. According to figures from the St. ...
Tags: iron ore, coal, Lake Ontario, ship traffic