(Investing) – LONDON – Oil prices fell on Friday on receding fears over the impact of Hurricane Rafael on oil and gas infrastructure in the U.S. Gulf while investors also weighed up fresh Chinese economic stimulus. Brent crude oil futures lost 93 cents, or 1.23%, to $74.70 a barrel by 1415 GMT. U.S. West Texas Intermediate (WTI) crude was down $1.05,
HOUSTON (Reuters) – Rising U.S. crude oil exports are boosting the prominence of Gulf Coast price benchmarks and buoying trading volumes on Houston contracts, eroding the significance of the Cushing, Oklahoma, storage hub. Since U.S. WTI Midland crude oil transactions joined the dated Brent price assessment a year ago, U.S. oil exports have overshadowed the role of Cushing as a
From Reuters HOUSTON (Reuters) – Heavy crudes have poured into the United States this spring, offsetting the loss of Venezuelan oil and producing a mini-surplus, with Canadian heavy crude this month being exported from the U.S. Gulf Coast. U.S. refiners have lined up larger supplies from Canada, Iraq and Colombia since Washington in January began choking off the flow of
Expect first shipments from Golden Pass in 2024 From Reuters Exxon Mobil Corp and Qatar Petroleum told the U.S. Federal Energy Regulatory Commission (FERC) on Thursday they would start construction of the $10 billion-plus Golden Pass liquefied natural gas (LNG) export terminal in Texas on May 13. Exxon and Qatar Petroleum made a final investment decision to build the project
The U.S. Federal Energy Regulatory Commission (FERC) has issued the Final Environmental Impact Statement (“FEIS”) for Texas LNG Brownsville LLC’s proposed 2 train, 4 million tonnes per annum (Mtpa) LNG export facility located in the Port of Brownsville, Texas. Srouce: Texas LNG – artist’s rendering of project The FEIS is the final step in the environmental review process leading towards
From Reuters CALGARY, Alberta (Reuters) – Canadian oil producer Cenovus Energy Inc (CVE.TO) is considering further expansion of its agreements to move crude by rail on Canada’s two major railways, its chief executive said on Wednesday. Last month, Cenovus signed three-year deals with Canadian National Railway Co (CNR.TO) and Canadian Pacific Railway Ltd (CP.TO) to transport roughly 100,000 barrels
Cenovus signs rail deals to transport oil to U.S. Gulf Coast
Two formations hold 4 billion barrels of oil, 2 billion barrels of NGLs: USGS On April 13th, the U.S. Geological Survey ( USGS ) released what it calls “the largest continuous natural gas assessment it has yet conducted” – a new resource update for two southern U.S. gas plays: The Bossier and Haynesville formations of the onshore and State waters portion of the U.S. Gulf
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