In The News

A Lesson From Oil: the Consensus Can Be Right

Friday, 08/21/2015

August 14, 2015 – Real Money

A Lesson From Oil: the Consensus Can Be Right

By: Jim Cramer

Sometimes you just have to own that you got it wrong, or at least that you might be "early." For ages I simply didn't believe that oil would take out $43, because oil was so universally hated that I didn't think the whole boat could be right. I had never, in my career, seen such uniform negativity EXCEPT from two people I trusted most: Boone Pickens and David Demshur, the CEO of Core Labs (CLB)…

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Refiners running full throttle could lead to a heavier fall maintenance season

Tuesday, 08/18/2015

August 14, 2015 – FuelFix from the Houston Chronicle

Refiners running full throttle could lead to a heavier fall maintenance season

By: Rhiannon Meyers

Refineries running full throttle have likely delayed making much-needed repairs, and the strain is starting to show.

As plants operate at record-high capacities to soak up cheap crude and satisfy a growing demand for gasoline, a spate of refinery shutdowns have cropped up across the United States, including a recent shutdown of the BP Whiting plant, the largest refinery in the...

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Indiana refinery outage escalates fears Cushing will top out

Thursday, 08/13/2015

August 13, 2015 – Reuters

Indiana refinery outage escalates fears Cushing will top out

By: Catherine Ngai

Concerns among oil traders are escalating that a combination of surprisingly resilient U.S. shale production and lower autumn refinery demand will cause storage tanks in Cushing, Oklahoma, to fill to the brim with surplus crude as early as October.

The biggest U.S. refinery in the Midwest is suffering through an unexpected outage that may take months to resolve. The shutdown may free up enough crude to top off Cushing in just...

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Is Bakken CBR fading away?

Friday, 07/31/2015

July 30, 2015 – Railway Age

Is Bakken CBR fading away?

By: William C. Vantuono

Bakken crude oil hauled in unit trains may disappear by 2017, according to an analysis conducted by RBN Energy LLC.

“Bakken crude-by-rail (CBR) volumes are down this year and pipeline shipments are increasing as production levels off in the wake of last year's price crash,” says RBN’s Rusty Braziel. “The trend is encouraged by lower price differentials between domestic and international crude as well as new pipelines coming online. Since 2012 a...

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