In The News

US oil shipments ease despite end to export ban

Monday, 03/28/2016

March 23, 2015 – Financial Times

US oil shipments ease despite end to export ban

By: Gregory Meyer

The US government abolished 40-year-old constraints on crude oil exports in December. But since then less US oil has been put on ships headed abroad.

Volumes of US crude exported by tanker have declined 5 per cent in 2016 to an average 325,000 barrels a day, according to Clipper Data, a market intelligence service. Waterborne exports were 342,000 b/d in the first three months of 2015.

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RBN Energy: CBR to Northwest refineries resilient

Monday, 03/28/2016

March 23, 2015 – RailwayAge

RBN Energy: CBR to Northwest refineries resilient

By: William C. Vantuono

Northwest crude oil refiners are still shipping significant volumes of crude from North Dakota’s Bakken region, RBN analyst Sandy Fielden discusses in “Slow Train Coming: Crude By Rail To Northwest Refineries Still Resilient.”

Following are highlights from Fielden’s report, which can be accessed by clicking HERE:

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Oil slump scrambles plans for tackling 'great crew change'

Tuesday, 03/15/2016

March 14, 2015 – EnergyWire

Oil slump scrambles plans for tackling 'great crew change'

By: Nathanial Gronewold

HOUSTON -- The oil price bust has become a major speed bump in the industry's "great crew change."

The oldest, most skilled workers are nearing retirement age, and some are hitting the exits early as oil's doldrums are triggering layoffs and a hiring slowdown…

Read the full story here: http://www.eenews.net/energywire/stories/1060033920

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High Rail Costs Crimp PBF Energy & PBF Logistics

Tuesday, 03/15/2016

March 14, 2015 – The Street

High Rail Costs Crimp PBF Energy & PBF Logistics

By: Carleton English

As the economics of transporting crude oil by rail in the U.S. become less compelling, New Jersey-based PBF Energy (PBF) and its master limited partnership PBF Logistics (PBFX) may be feeling a pinch.

PBF Logistics was spun off from PBF Energy in May 2014 to be a "fee-based, growth-oriented" MLP with a focus on owning and operating refined petroleum products, as well as transportation and storage facilities.

Since the...

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