Oil Trains Make Comeback as Pipeline Bottlenecks Worsen
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
Enterprise’ Permian Pipeline To Start Easing Bottlenecks In February
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
Exxon, Plains All American, Lotus To Build 1-Million-Bpd Permian Pipeline
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
Trouble In Paradise For U.S. Frackers
Forecasters project a large increase in U.S. oil production over 2019. The size of this increase ranges from four hundred and twenty thousand barrels per day (Citibank) to 1.7 million Continue Reading
A Rare State Of Affairs For Refiners
The global oil market appears to be well-supplied, even as the OPEC+ production cuts begin to whittle away at excess barrels. But while crude may be ample, there are growing Continue Reading
Modest Rig Count Gain Caps Oil Prices
Baker Hughes reported modest rise in the number of active oil and gas rigs in the United States this week. The total number of active oil and gas drilling rigs Continue Reading
U.S. drillers add rigs this week, but cut most in a month since 2016: Baker Hughes
U.S. energy firms this week increased the number of oil rigs operating for the first time this year but the rig count in January fell the most in a month Continue Reading
Magellan eyes Freeport, Texas as spot for crude export terminal
Magellan Midstream Partners LP has begun talks with companies developing crude transportation assets in Freeport, Texas, as it considers building a U.S. crude export terminal there instead of its previously Continue Reading
Cracks Emerging in US Oil Machine
Cracks are emerging in the U.S. oil machine. Shale oil’s relentless production growth is easing, with growth next month set to be the weakest since May, according to the Energy Continue Reading
Shale Pioneer Hamm: Output Growth Could Fall By 50%
U.S. shale production growth could slow by as much as half this year, according to one industry titan. Continental Resources’ Harold Hamm said that shale growth could decline by as Continue Reading