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Cushing Oklahoma - Crude oil drops on weak US gasoline demand, Cushing build

brecorder.com

Crude oil drops on weak US gasoline demand, Cushing build

brecorder.com2014-08-27 17:57:21Cache

Wednesday, 27 August 2014 22:31 Posted by Muhammad Iqbal NEW YORK: Crude oil futures edged lower on Wednesday after a report showed declining US gasoline demand in the world's top oil consumer and a build at the key Cushing, Oklahoma storage hub.In its weekly report, the US Energy Information Administration said US crude oil stocks fell by a greater-than-expected 2.

Crude oil drops on weak US gasoline demand, Cushing build

brecorder.com

Crude oil drops on weak US gasoline demand, Cushing build

brecorder.com2014-08-27 17:57:21Cache

Wednesday, 27 August 2014 22:31 Posted by Muhammad Iqbal NEW YORK: Crude oil futures edged lower on Wednesday after a report showed declining US gasoline demand in the world's top oil consumer and a build at the key Cushing, Oklahoma storage hub.In its weekly report, the US Energy Information Administration said US crude oil stocks fell by a greater-than-expected 2.

WTI Crude Futures Trade Near 7-Month Low; Brent Steady

bloomberg.com2014-08-25 14:47:27Cache

West Texas Intermediate fell amid speculation that supplies at Cushing, Oklahoma, the delivery point for the contract, climbed a fourth week. Brent futures were little changed on a public holiday in the U.K. Stockpiles at the hub rose in the week ended Aug. 22, according to four analysts surveyed by Bloomberg. CME Group Inc., the world’s largest futures market, halted most of its Globex platform for about four hours, suspending contracts including oil and commodities.

Albany Nears Oil-Hub Status as 100-Car Trains Jam Port

bloomberg.com

Albany Nears Oil-Hub Status as 100-Car Trains Jam Port

bloomberg.com2014-07-24 07:09:17Cache

Albany, New York’s capital city, may join the ranks of U.S. energy hubs such as Houston and Cushing, Oklahoma, as oil-terminal operator Global Partners LP (GLP) pushes an expansion plan after already quadrupling its capacity. For the last two years, more oil from the Bakken shale formation has rolled 1,800 miles (2,900 kilometers) by rail across North Dakota and around the Great Lakes to Albany.

U.S. Oil Futures Rise on Falling Cushing Inventories

bloomberg.com2014-07-23 19:51:50Cache

West Texas Intermediate crude rose after a government report showed stockpiles dropped at Cushing, Oklahoma, the contract’s delivery point. Gasoline futures fell to the lowest level in almost five months after supplies gained. Cushing supplies fell by 1.45 million barrels to 18.8 million last week, according to the Energy Information Administration. The decline left stockpiles at the lowest level since November 2008. Gasoline inventories increased 3.38 million barrels to 217.

WTI, Brent Set for Third Weekly Drop as Supply Risks Ease

bloomberg.com2014-07-11 14:15:16Cache

West Texas Intermediate and Brent crudes headed for their third weekly declines as supply risks eased in Iraq and Libya while stockpiles rose at Cushing, Oklahoma, the U.S. benchmark’s delivery point. WTI is poised for the longest run of weekly retreats since November. Kurdish forces took over the Bai Hassan and Kirkuk oilfields today, Iraq’s Oil Ministry said in a statement. Libya’s supply rose as the Sharara field resumed output and two oil-export terminals reopened.

WTI Slips for Ninth Day After Supplies Advance at Cushing

bloomberg.com2014-07-09 18:56:37Cache

West Texas Intermediate oil fell for a ninth day, the longest stretch of declines since 2009, after supplies rose at Cushing, Oklahoma, the contract’s delivery point. Gasoline slipped to a one-month low. Cushing stockpiles rose by 447,000 barrels to 20.9 million last week, Energy Information Administration data showed. Gasoline inventories increased 579,000 barrels to 214.3 million as demand slipped. Brent fell to a one-month low amid signs Libyan oil exports will gain.

Construction of Seaway Crude Oil Pipeline Loop (Twin) Completed

marketwired.com2014-07-03 13:33:17Cache

HOUSTON, TEXAS and CALGARY, ALBERTA--(Marketwired - July 3, 2014) - Enterprise Products Partners L.P. (NYSE:EPD) and Enbridge Inc. (TSX:ENB)(NYSE:ENB) announced today that the 512-mile Seaway Pipeline system loop (twin) pipeline from Cushing, Oklahoma, to the Jones Creek storage and terminal facility near Freeport, Texas, is mechanically complete. The new 30-inch Seaway Loop (Twin) Pipeline is expected to more than double the capacity of the Seaway system to 850,000 BPD.

Construction of Seaway Crude Oil Pipeline Loop Completed

businesswire.com2014-07-03 13:33:14Cache

HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE:EPD) and Enbridge Inc. (NYSE/TSX:ENB) announced today that the 512-mile loop of the Seaway Pipeline system from Cushing, Oklahoma, to the Jones Creek storage and terminal facility near Freeport, Texas, is mechanically complete. The new 30-inch Seaway Loop Pipeline is expected to more than double the capacity of ...