Archives for May 2018
Shale's surge crashes into bottlenecks, from pipelines to ports
The U.S. shale surge is crashing headlong into a barrage of bottlenecks. From West Texas pipelines to Oklahoma storage centers and Gulf Coast export terminals, the delivery system for American crude is straining to keep...
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Houston minerals royalty firm Haymaker sold to Texas rival
The private equity-backed Houston firm Haymaker Minerals & Royalties has agreed to sell to Texas rival Kimbell Royalty Partners in a $404 million cash-and-stock deal. Source: FuelFix
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Construction begins on Houston ethylene export terminal
Houston’s Enterprise Products Partners and Navigator Holdings announced Tuesday that construction has begun on their ethylene export terminal at Enterprise’s Morgan’s Point facility on the Houston Ship Channel. Source: FuelFix
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Gasoline prices continue to rise in Houston, but relief is in sight
Gasoline prices in Houston and across the country continued to rise last week, but falling crude oil prices kept the average cost of a gallon of regular unleaded below $3 ahead of Memorial Day weekend....
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Oil drops after Saudi-Russia output revival plan rattles traders
Oil in New York headed for its longest run of losses since February after Saudi Arabia and Russia proposed raising production later this year. Futures slid 1.4 percent on Tuesday after Friday’s 4 percent decline....
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