Refiners along the US Gulf Coast "left money on the table" by performing much-needed seasonal maintenance this winter, giving up profits from exports during a period of substantially higher diesel crack spreads, RBN Energy analyst Sandy ...
Tags: Refiners, Gulf Coast
US policymakers should provide an opening for normal exports of light crude and other hydrocarbons that are seeing increased production due to the shale boom, ConocoPhillips Chairman and CEO Ryan Lance said Tuesday at an industry gathering. ...
Tags: light crude, hydrocarbons, US
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
AFP reported that oil was up in Asia on trader expectations of a hike in Chinese crude demand after a key survey showed its manufacturing activity hitting a 14 month high in December. New York's main contract, light sweet crude for ...
Tags: oil, light sweet crude, rose, improved demand
There is no question, the jump in pump prices these past few years have shaken the economy and challenged households. The upside is that higher fuel prices have fueled the so-called green revolution and high-tech transportation development. ...
BR reported that crude oil and gold prices scored one month highs this week boosted by Middle East tensions the faltering dollar and upbeat economic data but other commodities diverged amid holiday curtailed US trade. Dealers said that ...
Canadian pipeline operator Enbridge Monday announced plans to rail Bakken crude oil to the Philadelphia-area refining markets from 2013. Enbridge Rail will own 75% of a joint venture with Canopy Prospecting, called the Eddystone Rail ...
Tags: Enbridge, Enbridge Rail, pipeline infrastructure, refineries