Storage

Water Management , Acquisitions & Divestitures , Storage , Trucks

Hartree Refining Acquires Targa Resources Channelview Splitter, Terminal Business

Hartree Refining Co. LLC, an affiliate of Hartree Partners LP, said Nov. 16 it has completed the acquisition of Targa Resources Corp.’s membership interests in Targa Channelview LLC. The transaction closed in October 2020.

November 16, 2020

Private Equity , Acquisitions & Divestitures , Storage

Riverstone Holdings Inks Nearly $2.7 Billion Tank Terminal Deal

Riverstone Holdings agreed to buy International-Matex Tank Terminals (IMTT) from Macquarie Infrastructure Corp. for total consideration of $2.685 billion.

November 10, 2020

Liquefied Natural Gas (LNG) , Natural Gas , Storage

US Natural Gas Futures Hit Near Two-year High

U.S. natural gas futures climbed to their highest in nearly two years on Oct. 26 on forecasts for higher heating demand and concerns that Tropical Storm Zeta could disrupt production.

October 26, 2020

Crude Oil , Trade , International , Storage

What’s Affecting Oil Prices This Week? (Oct. 26, 2020)

Russian President Vladimir Putin’s statements last week will support oil prices, but will it be enough for 2021? Stratas Advisors explores the effect of Putin’s views on the market in its latest oil price forecast.

October 26, 2020

Liquefied Natural Gas (LNG) , Natural Gas , Storage

US Natural Gas Futures Jump to 20-month High over $3

Front-month natural gas futures rose 11 cents, or 3.8%, to settle at $3.023/MMBtu. That was their first close over $3 since January 2019 and puts the contract up almost 70% from a recent low.

October 21, 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

Liquefied Natural Gas (LNG) , Natural Gas , Storage

US Natural Gas Jumps to 19-month High on Cold, Rising LNG Exports

Front-month natural gas futures rose 14.0 cents, or 5.1%, to settle at $2.881/MMBtu, their highest close since March 2019.

October 12, 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

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

Petrochemicals , Crude Oil , Storage

What’s Affecting Oil Prices This Week? (Oct. 5, 2020)

Dear Prudence—trading floors will be a major challenge for oil markets, Stratas Advisors says in its latest oil price forecast.

October 5, 2020