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Tuesday, 12 February 2019 02:28

US Crude Inventory Remains High

U.S. crude inventory has been hovering between 430 and 450 million barrels since early December — and remains around 6%…
Struggling Venezuela already is producing oil at a multi-decade low, but the socialist nation's crude output could fall another 50…
TransCanada Corp said on Monday a part of its Keystone crude pipeline from Steele City, Nebraska, to Patoka, Illinois, remained…
Phillips 66 and Kinder Morgan Inc began on Monday soliciting shipper commitments for crude deliveries on the 900,000 barrel per…
Wednesday, 06 February 2019 04:12

Oil Slips Below $62 as U.S. Inventories Rise

API reports increase in U.S. crude stocks; Venezuela sanctions yet to spark rally but still supportive. File Image: CREDIT AdobeStock…
Enterprise Products Partners LP's repurposed natural gas liquids pipeline in the Permian Basin will begin limited operations to carry crude…
Monday, 28 January 2019 03:37

Chinese Oil Demand Rebounds

Chinese demand for crude oil is rebounding as independent refiners push to buy before prices climb further from low levels…
Oil fell nearly 2 percent on Monday after U.S. companies added rigs for the first time this year, a signal…
Thursday, 24 January 2019 00:35

Offshore Terminal Plan Slowed by U.S. Shutdown

The U.S. government shutdown has delayed Enterprise Products Partners LP's plan to build a major U.S. crude export terminal off…
Oil rose on Monday, reversing earlier losses, as investors latched on to positive supply-side drivers for the market, although concern…