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US Gulf Coast Crude Stocks Climbed to Their Highest Level on Record in The Week

Mar 28, 2014

US Gulf Coast crude stocks climbed to their highest level on record in the week that ended Friday, hitting 200.3 million barrels, as growing pipeline capacity from Cushing, Oklahoma, sends barrels surging south, according to data released ...

Tags: Crude Stocks, pipeline capacity, refinery

BP Has Started up Its US Gulf Deepwater Na Kika Phase 3 Oil Project

Feb 26, 2014

BP has started up its US Gulf deepwater Na Kika Phase 3 oil project, the company said Monday. The first Na Kika well began producing oil February 19, with another expected to start in the second quarter. The full Na Kika Phase 3 project ...

Tags: Oil Production, Mineral

In Kazakhstan Work on The First Phase Is Scheduled for Completion Next October

Dec 3, 2013

The Caspian Pipeline Consortium expects to complete construction work on phase one of the expansion of the line which carries crude from Kazakhstan to the Russian Black Sea port of Novorossiisk in October 2014, CPC said in a statement ...

Tags: Metallurgy, Crude Pipeline

Mars Cash Differential Declined $1.15/barrel Thursday

Jun 24, 2013

The Mars cash differential declined $1.15/barrel Thursday on a narrower Brent/WTI spread and low demand for the crude stemming from the reversal of Shell's Houma, Louisiana-to-Houston pipeline system, according to market sources. The Mars ...

Tags: Metallurgy, Mineral, Energy

Enbridge Will Have to 'Wait and See'

May 10, 2013

Enbridge, the Calgary-based crude oil carrier, will have to "wait and see" whether it faces a replay of rival TransCanada's Keystone XL regulatory battle as it seeks US State Department approval for changes to its Alberta Clipper (Line 67) ...

Tags: Enbridge, Alberta Clipper

Chinese and Kazakh State Companies Have Signed an Agreement

Apr 11, 2013

Chinese and Kazakh state companies have signed an agreement to expand the existing China-Kazakhstan crude oil pipeline, China National Petroleum Corp said Monday on its website. The agreement was signed Saturday during talks held between ...

Tags: crude oil pipeline, crude oil

NYMEX May Crude Settled 16 Cents Lower at $97.07/b on Monday

Apr 2, 2013

NYMEX May crude settled 16 cents lower at $97.07/b on Monday, as the complex came under pressure from a combination of weaker-than-expected US manufacturing data and the closure of ExxonMobil's 96,000 b/d Pegasus crude pipeline on Friday. ...

Tags: NYMEX Crude, Pipeline

Chinese State Company PetroChina Has Completed a New Crude Oil Pipeline Linking Lanzhou

Mar 18, 2013

Chinese state company PetroChina has completed a new crude oil pipeline linking Lanzhou in northwest Gansu province with Chengdu in central Sichuan province, the company said on its website Friday. "From now, there will be 10 million ...

Tags: Petrochina, Crude Pipeline, Chemicals

Russia and China May Reach a Basic Agreement on The Supply of Russian Gas to The Asian

Feb 26, 2013

Russia and China may reach a basic agreement on the supply of Russian gas to the Asian giant by the end of March -- in time for the visit to Moscow by Xi Jinping, secretary general of the Communist Party of China -- Russia's deputy prime ...

Tags: Gas Supply, Chemicals, basic agreement

Crude Pipeline Reversal Project Is Open for Shippers

Jan 25, 2013

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

Russia's Crude Exports to Europe Will Not Be Affected by Increased Supplies to Asia

Jan 24, 2013

Russia's crude exports to Europe will not be affected by increased supplies to Asian markets, Russia's deputy prime minister Arkady Dvorkovich said Tuesday. "[Russia's crude] supplies to eastern markets will grow but this will not ...

Tags: Russia, crude, exports to Europe

China's Crude Imports From South America and The Caspian Region Increased by 18%

Dec 26, 2012

China's crude imports from South America and the Caspian region rose by 18% and 20% year on year respectively in the first eleven months of 2012, according to data released by the General Administration of Customs. The imports from ...

Tags: China's crude imports, South America, Caspian region

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