Petrochemicals
Petrochemicals , Crude Oil , Storage
US Crude Oil Stockpiles Rise for First Time Since November
Crude inventories in the U.S. rose by 515,000 barrels in the week to Jan. 14 to 413.8 million barrels, compared with analysts’ expectations in a Reuters poll for a 938,000-barrel drop.
Petrochemicals , Policy & Regulations , Acquisitions & Divestitures
US Court Rejects Bid to Block Sale of Texas Oil Refinery to Mexico’s Pemex
Owners of a Mt. Vernon, N.Y., coin-operated laundromat who filed the lawsuit, claimed the sale of Shell’s Texas oil refinery to Mexico’s Pemex would raise U.S. gasoline prices, harm their customers and reduce their profits.
Petrochemicals , Crude Oil , Storage
US Crude Stockpiles Drop, But Fuel Builds Sharply: Report
The drawdown in U.S. crude oil inventories was related in part to year-end tax considerations that prompt companies to reduce inventories, especially in the Gulf Coast, to reduce tax burdens.
Petrochemicals , Liquefied Natural Gas (LNG) , Natural Gas liquids (NGL) , Natural Gas , Crude Oil , ESG , Shale Plays , Midstream , Construction , Pipelines
Midstream Outlook: More Cash, Fewer Projects
Ajay Bakshani, co-author of East Daley’s annual Dirty Little Secrets midstream outlook, discusses the expectations for $90 billion in free cash flow and why ‘midstream can really do it all in the next few years.’
Petrochemicals , Trade
US Gasoline Prices Fall a Little Or a Lot, Depending Where You Are
The main reason gasoline prices are lower has been the falling price of crude oil, which makes up more than half of the price of gasoline.
Petrochemicals , Crude Oil , Storage
US Fuel Demand Surges to Record on Buzzing Holiday Activity
Andrew Lipow of Lipow Oil Associates in Houston warned that the volatility in the figures could mean next week’s numbers will drop off sharply.
Petrochemicals , Crude Oil , Policy & Regulations
White House On High Gasoline Prices: ‘We’re Frustrated’
“Yes, we’re frustrated. We’re frustrated because you’ve seen a decrease in oil prices. You’ve not seen a decrease in gas,” White House press secretary Jen Psaki said at a news briefing.
Petrochemicals , Trade , International
Venezuelan Petrochemicals Arrive in U.S. Despite Washington Trade Curbs
The shipments represent an unreported effort by Venezuela to boost revenues despite U.S. sanctions on its oil industry.
Public Capital , Petrochemicals , Crude Oil , Trade
Biden Asks FTC to Redouble Probe of Possible ‘Illegal Conduct’ over High Gas Prices
Gas prices have continued to rise at the pump, Biden said in a letter to the FTC, noting that the two largest U.S. oil and gas companies—Chevron and Exxon Mobil—were on track to nearly double their net income.
Petrochemicals , Crude Oil , Storage
US Crude Oil Stocks Fall Unexpectedly as Refineries Ramp Up
Crude stocks at the Cushing, Oklahoma, delivery hub rose by 216,000 barrels, the EIA said, the first time in several weeks that Cushing stocks have increased.