|Day's Range||52.03 - 52.14|
By Nia Williams CALGARY, Alberta (Reuters) - Two crude oil pipelines in western Canada were shut down temporarily on Wednesday, the day after stormy weather caused power outages in parts of Alberta and Saskatchewan. TransCanada Corp's 590,000 barrel-per-day Keystone pipeline, which delivers crude from Hardisty, Alberta, to Steele City, Nebraska, was shut down for a few hours and is now back to operating as normal, spokesman Terry Cunha said.
Despite failures in the Barents Sea, oil and gas companies are refusing to give up on exploring what is projected to be a hugely profitable area
Two crude oil pipelines in western Canada were shut down temporarily on Wednesday, the day after stormy weather caused power outages in parts of Alberta and Saskatchewan. TransCanada Corp's 590,000 barrel-per-day ...
Investing.com – Crude oil prices settled higher on Wednesday as investors cheered data showing U.S. crude stockpiles fell more-than-expected for the fourth straight week easing concerns over an expected uptick in domestic production.
Crude palm oil prices are forecast to rise to $800 per tonne CIF Rotterdam by January, with potential to hit $850 by March 2018, said leading edible oils analyst Dorab Mistry on Wednesday. Mistry said palm oil prices would rise due to tight inventory levels as production recovery in Malaysia and Indonesia was weaker than expected.
Brexit negotiators’ failure to secure a trade deal with the European Union could cause the UK’s oil and gas trade costs to double
On October 17, 2017, US crude oil (USO) (OIIL) December 2018 futures traded $0.46 below the December 2017 futures.
In the week ended October 13, 2017, the US oil rig count fell by five to 743. On a year-over-year basis, the count has risen 72.0%.
Genesis Energy LP is a publicly traded midstream master limited partnership that is backed in part by KKR & Co. and Blackstone Group LP’s credit arm, GSO Capital Partners.
TransCanada Corp's Keystone crude oil pipeline is shut down after a storm on Tuesday night in southeast Alberta and southwest Saskatchewan, market sources said on Wednesday. The 590,000 barrel per day ...
On October 17, 2017, Brent crude oil (BNO) active futures closed $6 above the WTI (West Texas Intermediate) crude oil futures.
From October 10–17, 2017, US crude oil December futures rose 1.7%. The S&P 500 Index (SPY) and the Dow Jones Industrial Average Index (DIA) rose 0.30% and 0.70%, respectively.
CARACAS/HOUSTON (Reuters) - Venezuela's state-run oil firm, PDVSA, is increasingly delivering poor quality crude oil to major refiners in the United States, India and China, causing repeated complaints, canceled orders and demands for discounts, according to internal PDVSA documents and interviews with a dozen oil executives, workers, traders and inspectors. The disputes involve cargoes soiled with high levels of water, salt or metals that can cause problems for refineries, according to the sources and internal PDVSA trade documents seen by Reuters. The quality issues stem from shortages of chemicals and equipment to properly treat and store the oil, resulting in shutdowns and slowdowns at PDVSA production facilities, along with hurried transporting to avoid late deliveries, the sources said.
The U.S. shale industry will see another production surge in 2018 as producers have sharply ramped up bets against a fall in oil prices, major oil executives and bankers said in London on Wednesday. Patrick Pouyanne, the chief executive of Total (TOTF.PA), speaking at the Oil & Money conference in London, said he expected global oil demand to grow strongly again this year, by up to 1.6 million barrels per day (bpd). "Our U.S. colleagues are hedging like mad at $56 a barrel so we will see another wave of investment in U.S. shale, no doubt about it," Pouyanne said.
Brent oil prices could tumble more than 20% by 2018, as U.S. output surges and adds renewed pressure on an oil market that is already battling with a persistent oversupply, according to Ian Taylor, chief ...
Two days ago, on Oct. 16, the Iraqi army seized oil fields near in northern Iraq that had been operated by the Kurdish Regional Government (KRG). This threatens the livelihood of Iraq’s Kurdish region, which depended on the oil to finance both its economy and its hopes of independence, for which its citizens voted in…
Iran is ready to take part in a further extension of the OPEC oil production cut deal, the country’s Deputy Minister for Trade and International Affairs said
Investors in Whiting Petroleum (WLL) need to pay close attention to the stock based on moves in the options market lately.
According to the EIA, the natural gas inventory for the week ended October 6 was 3,595 Bcf (billion cubic feet). The storage amount is higher than the previous week's 3,508 Bcf.