In The News

Sunday, 05/20/2012

(Reuters 5/19/2012) - The Seaway pipeline began pumping crude from Cushing, Oklahoma, oil tanks to the heart of the U.S. refining industry in Houston on Saturday, marking a historic shift in the way oil flows across the United States.The first barrels went into the line about noon CDT (1700 GMT) Saturday and volumes were expected to increase within days to 150,000 barrels per day (bpd), spokesman Rick Rainey of operating partner Enterprise Products said by email. Enbridge Inc is a 50 percent partner in the project.

Analysts had mixed opinions whether the first crude down Seaway...

Sunday, 04/15/2012

NGI's Daily Gas Price Index (4/16/12) Nearly All Points Slide; Futures Waft Lower - The cash market slumped another five cents on average Friday with virtually all locations posting losses and Northeast locations suffering the greatest setbacks as hyper-warmth was forecast to return to the area on Monday. California points also weakened. Futures held relatively steady and at the close May had eased two-tenths of a cent to $1.989 and June had fallen eight-tenths of a cent to $2.084. May crude oil dropped 81 cents to $102.83/bbl.


Wednesday, 04/11/2012

(WSJ 4/11/2012) -Electricity Rates Slide and Coal Feels the Heat as Natural-Gas Prices Plunge.  Plummeting natural-gas prices are pushing U.S. industries into virgin terrain, even beginning to dislodge cheap Western coal from its once-untouchable perch as the nation's favorite fuel for power production.  On Tuesday, natural-gas futures settled at $2.03 per million British thermal units—just a hint above $2, the lowest price since January 2002.


Thursday, 03/29/2012

(Reuters 3/29/2012) - Even as big U.S. oil pipelines invest billions of dollars to ship booming oil production south from Canada and North Dakota, a new race is underway in the opposite direction.

Two of the country's biggest pipelines, both now underutilized, are competing to pump a special type of ultra light oil from the Gulf Coast to the Midwest, betting on growing demand from Canadian producers for the "diluent" necessary to get their heavy oil sands bitumen flowing to refiners.

The race between the Capline and Explorer lines, which may play out over years rather than...

Tuesday, 03/27/2012

(WSJ 3/27/2012) - Two major energy companies are planning to build new pipelines that will move as much as 850,000 barrels of crude oil a day from Canada to refineries along the Gulf Coast by mid-2014, in the latest effort to cope with a surge of oil production in North America.

The separate projects, planned by Houston-based Enterprise Products Partners LP and Enbridge Inc. of Calgary, will compete with TransCanada Corp.'s proposed Keystone XL pipeline, a massive project to move crude from the oil sands of Alberta to U.S. refineries.

Enbridge and Enterprise already operate...