Archives for 2017
Energy Transfer’s Sunoco selling convenience stores to 7-Eleven for $3.3B
Sunoco LP said it will sell about 1,100 convenience stores and fueling stations in Texas and the Northeast to Irving-based 7-Eleven for $3.3 billion. Sunoco, which is owned by Dallas-based Energy Transfer, is transitioning to...
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Market Currents: Oil waiting in the US Gulf rebounds
The crude complex is feeling charitable today, giving away most of its overnight gains, as last night’s bullish API report head-faked the market. As Nonfarm Friday looms next on the radar, hark, here are five...
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Commercial crude stockpiles keep rising
The nation’s record-high stockpile of commercial crude oil rose by another 1.6 million barrels last week, only partially offset by small draw downs in fuel inventories. Gasoline stockpiles fell by 600,000 barrels, while inventories for distillate...
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Renewables boom; Total U.S. energy consumption inches up
Total energy consumption in the United States increased slightly last year over 2015, pushed largely by a boom in solar, wind and hydro-electric power, according to the Department of Energy. Consumption of coal decreased by...
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Deep-water project costs down by a fifth, Wood Mac says
The costs of expensive deep-water oil projects have shrunk by a fifth on average since crude prices collapsed in the summer of 2014, Wood Mackenzie said in a recent report. The energy research firm believes...
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