Edition:
United States

Kristen Hays

Gulf Coast cash gasoline down on expected refinery unit restart

May 03 2016

HOUSTON, May 3 Gulf Coast cash gasoline differentials fell on Tuesday as the well-supplied market anticipated this week's restart of a gasoline-making unit at the nation's largest refinery, traders said.

Colonial Pipeline plans Texas export dock for gasoline, distillates

Apr 29 2016

HOUSTON, April 29 Colonial Pipeline Co said on Friday it would build an export dock in southeast Texas, marking the largest U.S. refined product pipeline system's first foray into infrastructure that will connect shippers to international markets.

U.S. refiners' years-long windfall from cheap crude ends in first quarter

Apr 28 2016

HOUSTON U.S. refiners' years-long boom from cheap and plentiful crude ground to a halt in the first quarter as swelling oil inventories and weak demand pushed revenues to their lowest in years and punished profits, results showed on Thursday.

Marathon CEO: Capline pipeline reversal likely when oil prices recover

Apr 28 2016

HOUSTON The nation's largest crude pipeline likely will be reversed to move heavy Canadian crude south to Louisiana after oil prices recover from the deepest rout in a generation, Marathon Petroleum Corp Chief Executive Gary Heminger said on Thursday.

Houston deluged, five reported dead in Texas floods

Apr 19 2016

HOUSTON Torrential rainfall totaling 18 inches (46 cm) pummeled Houston on Monday, causing floods that were believed responsible for five deaths and that snarled transport and turned roads into lakes in the fourth most-populous U.S. city. | Video

Colonial to shippers: seek space transfers before rules change

Apr 08 2016

HOUSTON, April 8 Colonial Pipeline on Friday reminded shippers that a controversial change in how gasoline and distillates are shipped on the clogged fuel artery is less than three months away.

U.S. Gulf Coast diesel exports down sharply - Reuters data

Apr 04 2016

HOUSTON, April 4 Diesel fuel exports from the U.S. Gulf Coast declined sharply since December as increasing output from refiners in South American markets and brimming stocks in Europe squeezed key outlets, Thomson Reuters data show.

Group Three V-grade gasoline plunges on distressed selling -traders

Mar 28 2016

HOUSTON Group Three cash V-grade gasoline differentials fell sharply on Monday when storage space ran out in the Tulsa, Oklahoma, hub and forced distressed selling, traders and brokers said.

Saudi Aramco, Shell plan to break up Motiva, divide up assets

Mar 16 2016

HOUSTON Royal Dutch Shell and Saudi Aramco announced plans on Wednesday to break up Motiva Enterprises LLC in a deal that ends a partnership of nearly two decades and hands control of the biggest U.S. refinery to the Saudi state oil giant.

Shippers say expansion would solve Colonial Pipeline glut

Mar 09 2016

HOUSTON, March 9 Colonial Pipeline said it has come up with multiple ways to manage its glutted system while trying to be fair to shippers, but a fuel executive for the top U.S. airline said expanding the largest domestic refined products pipeline system would solve the problems.

World News