Storage

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

Petrochemicals , Crude Oil , Trade , Storage

US Crude Oil Stockpiles Soar amid Record Surge in Net Imports

Crude oil inventories in the U.S. rose by 15.2 million barrels in the week to Dec. 4 to 503.2 million barrels, the largest build in crude inventories since April.

December 9, 2020

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