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.
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
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.
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.
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.
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.
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.
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.
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.
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.