HOUSTON Some Canadian oil executives blame higher crude prices from mandated production curbs for hurting their refining margins and depressing shipments of Alberta crude to U.S. customers.
HOUSTON A Carlyle Group $1 billion deepwater crude export project faces a delay of up to 18 months after regulators called for a full environmental review, officials said, a setback in the private equity firm's race to be first to open a new deepwater, U.S. Gulf Coast export hub.
U.S. oil production could become less responsive to crude prices as major oil companies expand operations in the nation's shale fields, now dominated by smaller producers, International Energy Agency officials said at an industry summit on Monday.
HOUSTON Moda Midstream LLC is considering building a second berth at its Ingleside, Texas crude export terminal to accommodate supertankers, the company's chief executive said on Thursday.
HOUSTON, March 7 Moda Midstream LLC is
considering building a second berth at its Ingleside, Texas
crude export terminal to accommodate supertankers, the company's
chief executive said on Thursday.
HOUSTON JupiterMLP LLC, one of several companies proposing to build oil export terminals along the U.S. Gulf Coast, has secured new financial backing from a global private equity firm, an executive said on Thursday, even as it faces two separate lawsuits, including one for breach of contract.
HOUSTON Crude inventories in West Texas dropped this week to the lowest in four months after a converted pipeline began transporting crude from the nation's biggest shale oil field to the U.S. Gulf Coast, data from market intelligence provider Genscape showed.
HOUSTON Crude prices rose more than 1 percent on Wednesday to their highest level this year on hopes that oil markets will balance later this year, helped by output cuts from top producers as well as U.S. sanctions on OPEC members Iran and Venezuela.
HOUSTON Drilling curbs by oil producers in the largest U.S. shale field will continue until transport bottlenecks ease and investors stop punishing companies for increasing capital spending, executives at an energy conference said on Thursday.