Petrochemicals

Petrochemicals , Midstream

Magellan Midstream to Boost Fuel Loading Capacity in Cheyenne, Wyoming

Magellan Midstream Partners said on Dec. 2 it will invest about $4.65 million to increase truck loading capacity at its refined oil products Cheyenne terminal in Wyoming by more than 50%.

December 2, 2020

Petrochemicals , Crude Oil , Trade , International

What’s Affecting Oil Prices This Week? (Nov. 23, 2020)

The world witnessed the long-waited announcements related to successful trial results of several vaccines, which are the preliminary requisite for quick regulatory approvals that will then translate into mass production and distribution. 

November 23, 2020

Petrochemicals , Crude Oil , Trade , International

What’s Affecting Oil Prices This Week? (Nov. 16, 2020)

There are three additional variables which oil markets are not used to deal with in the fourth quarter: the current infections uptick in Europe, the U.S. presidential transition and announcements about new vaccines, all of them adding bearish or bullish pressure to prices over the next few months.

November 16, 2020

Petrochemicals , Crude Oil , Trade , International

What’s Affecting Oil Prices This Week? (Nov. 9, 2020)

An extra bucket of cold water—the Convent refinery shutdown in Louisiana by Shell is more meaningful than it seems, Stratas Advisors says in its latest oil price forecast.

November 9, 2020

Petrochemicals , Trade

Shell to Shut Down Louisiana Refinery amid Coronavirus Pandemic

Shell said on Nov. 5 it will shut down its refinery in Convent, La., the largest U.S. facility to close since the coronavirus pandemic first hit and devastated economic demand worldwide.

November 5, 2020

Petrochemicals , Crude Oil , Trade , International

What’s Affecting Oil Prices This Week? (Nov. 2, 2020)

A vote of confidence—three different oil markets are behind crude price volatility, Stratas Advisors says in its latest oil price forecast.

November 2, 2020

Petrochemicals , Crude Oil , Trade , International , Storage

What’s Affecting Oil Prices This Week? (Oct. 19, 2020)

Global oil participants saw contradicting messages last week from OPEC and Russia with regards to their approach for rebalancing markets, reminiscent of what happened in early March, Stratas Advisors says in its latest oil price forecast.

October 19, 2020

Petrochemicals , Crude Oil , Trade , International , Storage

What’s Affecting Oil Prices This Week? (Oct. 12, 2020)

Die another day—oil markets misunderstood OPEC’s recent outlook for oil demand to plateau in late 2030s, Stratas Advisors says in its latest oil price forecast.

October 12, 2020

Petrochemicals , Natural Gas liquids (NGL) , Shale Plays , Construction

Shell Says Appalachia Ethane Cracker in Pennsylvania About 70% Complete

Shell, which decided to build the plant in 2016, has not provided a cost estimate for the facility. Analysts have estimated the project will cost $6 billion to $10 billion.

October 9, 2020

Exploration & Production , Petrochemicals , Crude Oil , Storage

US Crude Oil Production to Fall Less in 2020 Than Previously Forecast

U.S. energy firms last week added oil and natural gas rigs for a third week in a row for the first time since October 2018 after price increases in recent months prompted some producers to start drilling again.

October 6, 2020