Archives for 2017
Crude oil inventories take a bullish dip
The energy sector received bullish inventory data Wednesday as the nation’s stockpiles of crude oil and refined fuels fell. A week after hitting a record-high level of crude storage, U.S. commercial oil inventories fell...
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NuStar buying Navigator Energy for $1.5 billion
San Antonio-based NuStar Energy is buying Navigator Energy Services for $1.5 billion to establish its pipeline presence in West Texas’ Permian Basin. The Permian is booming again and NuStar is seeking to build a foothold there...
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Pipeline CEO before Senate now on Parks post
Despite months of environmental protests and marches, the chief executive of pipeline company Energy Transfer Partners may nonetheless receive on Wednesday his official seat on the Texas Parks & Wildlife Commission. The state Senate takes...
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OPEC slashes output in March, expects shale comeback
OPEC producers took another 153,000 barrels a day off the market in March as part of its bid to drain the world’s oil glut. In the cartel’s monthly report released Wednesday, independent sources reported the...
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Kinder Morgan joins DCP Midstream on Permian pipeline project
Houston’s Kinder Morgan said it’s partnering with DCP Midstream on plans to build a 430-mile natural gas pipeline from West Texas’ Permian Basin to the Corpus Christi region. Although the details and financial information aren’t...
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