Archives for March 2019
Bigger crude oil inventories build offset by gasoline draw
The nation’s commercial crude oil stockpiles rose by greater volumes than expected, but the spike was offset by a nearly equal draw of refined gasoline inventories. Source: FuelFix
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PHMSA gives Rio Grande LNG green light in project review
The Pipeline and Hazardous Materials Safety Administration has given Rio Grande LNG the green light in its review of the proposed $15 billion liquefied natural gas export terminal. Source: FuelFix
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Tainted U.S. shale oil is being turned away by Asian buyers
The complex web of U.S. pipelines, tanks and export terminals that’s helped make America the world’s top oil producer is causing a headache for some crude buyers. Source: FuelFix
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Houston channel importance swelled as oil, gas exports rose
On a normal day, 42 tankers, 19 freighters, 391 barges, 128 ferries and 2 cruise ships will move through the Houston Ship Channel. On any given day, one of those tankers may be as long...
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Oil heads for its best first quarter since 2002
Oil slid from near $60 a barrel in New York amid conflicting signals on U.S. crude inventories, while traders continued to weigh OPEC supply cuts and fragile demand. Source: FuelFix
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