Local news for Cushing, OK continually updated from thousands of sources on the web.
8 hrs ago | Reuters
Line fill on the Pony Express Pipeline carrying crude from Wyoming to Oklahoma began last week although commercial shipments are expected to be delayed until the fourth quarter, market sources said on Tuesday.
12 hrs ago | The Globe and Mail
The fire in the isomerization unit began just after midnight and was extinguished just over an hour later, but news of the closure fuelled a $1 drop in U.S. crude oil prices because the refinery is a large consumer of benchmark West Texas Intermediate and is located near the Cushing storage hub.
Brent crude held steady above $107 a barrel on Friday, on track to end the week flat as plentiful supplies held down any run-up in prices from geopolitical tensions in oil producing regions.
Some traders have expressed alarm at the rapid inventory drawdown at Cushing, but there is no reason to be concerned.
DALLAS, July 24, 2014 -- Mid-Con Energy Partners, LP , through its wholly owned subsidiary, Mid-Con Energy Properties, LLC, announces that it has entered into a definitive agreement to acquire net proved reserves estimated at 2.6 million barrels of oil equivalent for an aggregate purchase price of approximately $56.5 million, subject to customary ... (more)
Refining is a tough business. Environmental regulations and high capital costs have resulted in no new refineries being built in the US since 1976.
Gulf Coast crude weakened the most in six months versus global prices after a rally this month amid record demand from refiners put pressure on fuel margins.
World oil prices have advanced after the US government reported a surprisingly large decline in the nation's oil inventories.
Crude oil supplies at the main U.S. trading hub have dropped to the lowest level since November 2008, pushing futures for immediate delivery to the highest premium in six years.
Today in The 615 spotlight, we bring you the world premiere of the video for the new single "Drivin' You Outta My Mind" from rising country group LiveWire.
The Cushing fire and police departments will team with the Oklahoma Blood Institute on Tuesday for a mobile blood drive at the Cushing Public Safety Center, 211 W Main Street.
Tight petroleum supplies in the US and anxiety about fighting in Ukraine and Gaza pushed oil prices higher on Monday.
Cushing News, Events & Info
Updated: Tue Jul 29, 2014 05:37 pm
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