Storage

Crude Oil , Storage

Record US Crude Oil Stockbuild as Refining Plummets after Texas Freeze

The increase in crude oil stocks in the U.S. was also driven by a big jump in crude imports, which rose by a net 1.66 million bbl/d, the EIA said.

March 3, 2021

Acquisitions & Divestitures , Storage

WhiteWater Midstream Acquires Waha Storage Assets from ArcLight-backed Firm

Located near the Waha hub in West Texas, the acquired assets have the capacity, when fully developed, to store approximately 10 Bcf of natural gas and include six underground storage caverns and permits for five additional caverns.

February 16, 2021

Crude Oil , Storage

US Crude Oil Stockpiles Plunge Unexpectedly Last Week

Crude oil inventories in the U.S. fell by 6.6 million barrels in the week to Feb. 5 to 469 million barrels, compared with expectations in a Reuters poll for a 985,000-barrel rise.

February 10, 2021

Crude Oil , Trade , Storage

US Crude Oil Stockpiles Plunge to Lowest Since March 2020

The decline was the result of a sharp falloff in imports and a 2.3 million-barrel drawdown in oil stockpiles at the Cushing delivery hub for crude futures in Oklahoma.

January 27, 2021

Public Capital , Health, Safety & Environment , Emissions , Renewables , Technology , Storage

Occidental Petroleum Claims Green Push ‘Does More Than Tesla’

Occidental Petroleum pumps more CO₂ into the ground than carmaker Tesla prevents being emitted on roads, CEO Vicki Hollub says.

January 20, 2021

Crude Oil , Trade , International , Storage

Oil Prices Rally Further after US Inventory Drop

Both crude oil benchmarks are trading at the highest since February 2020, before the coronavirus outbreak in China began spreading across the world and billions of people went into lockdown.

January 13, 2021

Markets , Crude Oil , Storage

Column: Petroleum Stocks Nearing Normal After Wild 2020

Oil producers and refiners adjusted to the situation at an exceptionally fast pace.

January 8, 2021

Crude Oil , Trade , Storage

Report: US Crude Oil Stockpiles Tumble Last Week

Crude oil inventories in the U.S. fell by 8 million barrels in the week to Jan. 1 to 485.5 million barrels, their biggest decline since August, exceeding analysts' expectations.

January 6, 2021

Liquefied Natural Gas (LNG) , Natural Gas , Trade , Storage

US Natural Gas Futures Post Best Year Since 2016

U.S. natural gas futures rose on Dec. 31 and were on track for their best year since 2016, helped by forecasts for slightly colder weather than previously expected and record LNG exports.

December 31, 2020

Petrochemicals , Storage , Construction

Enterprise, Navigator Begin Service on Houston Ship Channel Ethylene Storage Tank

The new ethylene storage tank will facilitate faster loading and enable the Morgan’s Point terminal, owned 50/50 by affiliates of Enterprise and Navigator, to reach an annual nameplate export capacity of 1 million tons per year

December 29, 2020