Petrochemicals
Petrochemicals , Crude Oil , Storage
Near-record Oil Stockpiles at US Gulf Coast Pressure Prices of Domestic Grades
Mars Sour, the benchmark for sour U.S. Gulf Coast grades, was trading at a $1.05 premium to U.S. crude futures on July 1.
Petrochemicals , Crude Oil , Storage
US Crude Oil Stockpiles Hit Record High for Third Week
Crude oil inventories also hit another record high on the U.S. Gulf Coast, where the bulk of the nation's refining capacity is located.
Exploration & Production , Petrochemicals , Crude Oil , Tankers , Storage
US Oil Production Falls to Lowest Point Since 2018
Crude oil stockpiles in the U.S. rise to record high as imports from Saudi Arabia remain elevated.
Investment , Petrochemicals , Natural Gas liquids (NGL) , Shale Plays , Construction
Thai Company Delays Decision on $5.7 Billion Ohio Petrochemical Plant
The Thai chemical company said it chose the Ohio site for the proposed ethane cracker because it is located in the Marcellus and Utica shale region, the biggest U.S. natural gas shale formation.
Business , Petrochemicals , Natural Gas liquids (NGL) , Construction
Report: Shell Pa. Plastics Plant Faces Oversupply Risks
Institute questions whether facility will deliver the promised economic impact.
Petrochemicals , Crude Oil
Opinion: Recovering Oil Demand Could Drive Market into Deficit by July
Similar recoveries in fuel consumption are expected at varying rates across the globe as countries gradually emerge from lockdown and are likely to push the oil market into supply deficit in the third quarter.
Petrochemicals , Crude Oil , Storage
US Crude Oil Stockpiles Unexpectedly Drop for First Time Since January
Stocks in Cushing fell by 3 million barrels in the last week, the EIA said. The hub, coming into this week's data, is more than 80% full, as producers find themselves with fewer places to store oil.
Petrochemicals , Crude Oil
EIA: US Oil Demand Set to Crash by 2.2 Million bbl/d in 2020
Meanwhile, U.S. crude production is expected to fall 540,000 bbl/d from last year's record high to 11.7 million bbl/d in 2020, compared with the EIA's previous forecast for a decline of 470,000 bbl/d.
Petrochemicals , Crude Oil , Shale Plays , Storage
Falling Diesel Use Makes US Oil Industry ‘Like the Snake Biting Its Own Tail’
William Thomas, CEO at EOG Resources Inc., said May 8 on an investor call that the "historic and prolific oil production growth by U.S. shale may have been forever altered."
Business , Petrochemicals , Crude Oil , Trade , Storage
On the Money: Anxiety over Crude, Product Inventories
There is fear that crude and product inventories held in storage will be filled to tank tops in the near term.