Frac Spread: NGL Inventories Rise, Prices Fall
Oil bucks the NGL price trend as geopolitical tensions unnerve traders.
May 16, 2019
Petrochemicals
EIA: US Crude Oil Stockpiles Rise To Highest Since 2017
Crude stocks at the Cushing, Okla., delivery hub for U.S. crude futures rose by 1.8 million barrels to 47.8 million barrels, their highest since December 2017, the EIA data revealed.
May 15, 2019
Martin Midstream Unlikely To Take Financial Hit On Neches Terminal Incident
Weather-related event disabled mobile ship-loader and crane at the Texas port.
May 14, 2019
Lotte Chemical’s US Ethane Cracker To Start Commercial Operations In May
South Korean company seeks to diversify away from costlier naphta as feedstock for ethylene.
May 10, 2019
Frac Spread: Wary Of A Weakening Economy
As traders study the U.S.-China trade tiff, the oil price rise is tepid and NGL prices plummet.
May 9, 2019
US Crude Oil Stocks Fall By 4 Million Barrels
Overall crude oil stocks, not including the U.S. Strategic Petroleum Reserve, fell to 466.6 million barrels from their highest levels in 19 months.
May 8, 2019
Petrochemicals , Natural Gas liquids (NGL) , Natural Gas , Frac Spread , Crude Oil , Exports , Storage
Frac Spread: Global Tensions, High Supply Wrestle Over Oil Prices
Conflicts in producing nations Venezuela and Iran are countered by rising inventories in the U.S.
May 2, 2019
Chevron Completes $350 Million Purchase Of Houston-area Refinery
Chevron wanted the Pasadena refinery purchased from Petrobras to process sweet crude coming from its oil fields in the Permian Basin of Texas.
May 2, 2019
EIA: US Crude Oil Stocks Soar To Highest Since September 2017
The EIA reported crude inventories rose 9.9 million barrels in the week to April 26 to 470.6 million, compared with analysts' expectations for an increase of 1.5 million barrels.
May 1, 2019
EIA: US Crude Oil Stockpiles Jump On Rise In Imports
U.S. crude oil stockpiles rose last week to their highest in about a year and a half as imports increased, even as refiners sharply ramped up output, the EIA says.
April 24, 2019