In The News

Wednesday, 05/21/2014

A 2.5 million barrel per day surplus of light crude oil and condensate production is bearing down on the U.S. refining market. Why are refineries limited in the portion of light crude that can be run? What are the current limits on light crude runs? If U.S. refineries cannot absorb all of this volume and it cannot be exported, where will all this light crude go?

HOUSTON, TX and DALLAS, TX (May 22, 2014) – RBN Energy and Turner Mason have joined forces to present a joint conference focused on the onslaught of U.S. light crude production, including required transportation...

Tuesday, 04/22/2014

(April 8, 2014 – Seeking Alpha) Peyto Exploration: A Winning Stock For Growing Oil Sands Diluent Demand (By: Michael Fitzsimmons)

RBN Energy continues its excellent energy market reporting with today's "Daily Energy Post": Da Duvernay - The Golden Canadian Diluent Play? Author Sandy Fielden explains how Canadian oil sands producers have been importing the majority of diluent demand from the US, how much diluent demand is expected to grow, and how Canadian diluent production...

Tuesday, 04/22/2014

(April 6, 2014 – Bakken Today) Refineries gaining steam: Capacity a ‘drop in the ocean’ compared to ND output (By: Amy Dalrymple)

Read the full story: http://www.bakkentoday.com/event/article/id/36490/publisher_ID/82/

WILLISTON — While the United States hasn’t seen a new refinery in more than 30 years, North Dakota has five refineries proposed that range from planning stages to active construction....

...Refining more crude oil in North Dakota means less oil...

Friday, 04/04/2014

(April 3, 2014 – Platts) Deja Vu: Can ETP’s proposed Dakota Access crude oil line win where others failed? (By: Bridget Hunsucker)

Last month, ETP issued a binding open season to assess interest in crude pipeline transportation from multiple receipt points in North Dakota to several Midwest and Gulf Coast refineries and terminals, including Sunoco Logistics Partners’ crude oil terminal in Nederland. ETP owns Sunoco Logistics.

Two pipelines are expected to make up the ETP Bakken-to-Gulf Coast system. The first leg in the system is the Dakota Access line (...

Monday, 03/17/2014

(February 13, 2014 – Real Money) Jim Cramer: Trading a Glut in Oil (By: Jim Cramer)

NEW YORK (Real Money) -- Not enough pipe. Not enough refinery space. Too much oil. That's the story of the Permian oil field, where production has increased as astounding 400,000 barrels a day in the last two years.

That's caused a discount to the already-discounted West Texas Intermediate price. How big is it? Right now, West Texas is selling for a discount of $10 to Brent -- $98 vs. $108 -- and then Permian is selling at an additional $8 decline to the $98 price as...

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