In The News

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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Mixed Signals on U.S. Oil Output
Thursday, 07/30/2015

July 30, 2015 – Wall Street Journal

Mixed Signals on U.S. Oil Output

By: Nicole Friedman

Government reports conflict on whether production is rising or falling, puzzling investors

Read the full story here: http...

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Oil Prices Enter Bear Market Amid Global Glut of Crude
Monday, 07/27/2015

July 23, 2015 – Wall Street Journal

Oil Prices Enter Bear Market Amid Global Glut of Crude

By: Georgi Kantchev and Timothy Puko

U.S. oil prices sank into a bear market Thursday as a global glut of crude shows little sign of abating.

Prices had settled below the key $50-a-barrel mark for the first time since early April on Wednesday, and they kept falling for most of Thursday. An unexpected increase in U.S. crude inventories, announced earlier this week, combined with high production already coming from the Organization of the Petroleum...

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$2 gasoline on the way, but not until the fall
Tuesday, 07/21/2015

 

July 20, 2015 – San Antonio Express News

$2 gasoline on the way, but not until the fall (page 7)

By: Rhiannon Meyers

Cheap fuel has reignited the nation’s appetite for gasoline after years of declining demand and spurred U.S. refineries to push their plants to the limits....

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