Several utilities on Thursday urged U.S. customers to cut back on power and gas consumption during a brutal freeze blanketing the eastern half of the country after homes and businesses Continue Reading
Magellan Midstream Partners LP has canceled plans to develop a stand-alone crude pipeline West Texas, the area of the nation’s top oil field as it considers a lower-cost project for Continue Reading
The use of trains to carry crude is surging after dropping in recent years amid concerns about safety, as drillers in parts of North America produce more oil than area Continue Reading
U.S. crude oil refinery inputs averaged 16.5 million barrels per day during the week ending January 25, 2019, which was 586,000 barrels per day less than the previous week’s average. Continue Reading
Enterprise Products Partners L.P. said on Thursday that a pipeline it is converting from shipping natural gas liquids (NGL) to crude oil will begin in February limited operations to ship Continue Reading
Declining coal demand in the U.S. and rising demand for natural gas and renewables have hit coal production and the number of active coal mines in the United States has Continue Reading
ExxonMobil, Plains All American Pipeline, and Lotus Midstream will build a pipeline capable of transporting more than 1 million barrels per day of crude oil and condensate from the Permian Continue Reading
US crude exports to Asia are set to swell over March and April as a drop in freight rates makes US cargoes more competitive against barrels from Asia or the Continue Reading
Chevron to add Texas refinery in $350 million deal. Chevron Corp. announced late Wednesday that its Chevron U.S.A. Inc. (CUSA) subsidiary has signed a share purchase agreement to buy Pasadena Continue Reading
Crude exports from the Gulf of Mexico are picking up at the worst time for American refiners. Rising production and falling freight rates are behind a surge of overseas shipments Continue Reading
US coal production is expected to fall even faster than if the Obama administration climate policy had taken effect, according to official projections, underlining the difficulties facing President Donald Trump Continue Reading
This weekend, Germany became the latest large European economy to lay out a plan to phase out coal-fired power generation, aimed at cutting carbon emissions—a metric in which Berlin has Continue Reading
The Trump administration is considering a release from the US Strategic Petroleum Reserve that would be timed to coincide with the imposition of possible sanctions on Venezuelan oil exports, sources Continue Reading
Gazprom has not been able to obtain a loan from the China Development Bank for part of the US$14 billion financing the Russian gas giant aims to raise for the Continue Reading
Gazprom is in discussions with banks as it looks to attract in 2020 project financing of US$14 billion for the construction of its Amur gas processing plant, which will be Continue Reading
