News
Market Currents: Asian demand drawing oil from far and wide
After a bullish-tilted weekly EIA report, crude is holding onto gains – and once again bumping its head on the top of its trading range. As OPEC cuts and rising shale continue to do battle,...
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Energy Transfer to expand in Mont Belvieu with $385 million project
Dallas-based Energy Transfer Partners said it plans to expand its Lone Star campus east of Houston in Mont Belvieu with the addition of a $385 million fractionator and storage system. Energy Transfer said it’s responding...
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Enbridge, Spectra to close on merger next week
The Canadian pipeline company Enbridge said Wednesday that it close its acquisition of Houston-based Spectra Energy next week after clearing all regulatory hurdles. Enbridge said it received approval of Canadian Competition Bureau and will complete the...
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Noble Energy, partners approve $3.75 billion Israeli project
Houston-based Noble Energy and its partners approved the $3.75 billion Leviathan natural gas project offshore of Israel on Thursday. The long-delayed project was debated in the Israeli Supreme Court before finally being authorized by the...
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Big oil urges Trump to hold course on ethanol “point of obligation”
The oil industry’s largest lobbying group urged President Donald Trump Wednesday not to move responsibility for meeting the federal ethanol mandate away from oil refineries, arguing it would further complicate an already “broken system.” “Moving...
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