Cushing News

The pipeline will transport crude oil from Alberta Canada to Cushing, Okla. Field engineer Eric Pickett says crews will be working to pave a smooth surface before having the pipe formatted to the terrain it goes over.

During deep economic crises, an academic usually tries to reflect on whether what is happening today has any relevance on what he has seen in the past in theory books.

US crude stocks dropped another 6.817 million barrels to 349.745 million barrels the week ending June 26, with a still-low level of imports unable to meet current refinery run rates, an analysis of the weekly data from the American Petroleum Institute showed Tuesday.

Oklahoma Atty. Gen. Drew Edmondson accused BP America Inc. and two subsidiaries of illegally manipulating gasoline prices and other refined products in a scheme said to have started in 2002.

The preliminary hearing for a man charged in a triple homicide in Cushing is set to resume.

A Cushing woman died Sunday from injuries suffered in a crash May 22 in Payne County, the Oklahoma Highway Patrol reported.

Payne County Health Department officials are testing residents who may have come in contact with a high school student with tuberculosis.

Health officials said a student in Cushing has contracted tuberculosis and other students may be at risk.

There is a straight way to play oil contango: buy physical oil and oil futures for the equal amount of it several months ahead.

A 2-year-old Muskogee girl died Tuesday from injuries she suffered in a crash on the Turner Turnpike on Monday, the same day a Bristow man was killed in a motorcycle accident in Payne County.

Hi! I am a happily married mom of four! I live in Cushing, Oklahoma, and am actually trying to return some old family photos to Roon Howard.

SemGroup Energy Partners, L.P. today announced that it filed its Quarterly Report on Form 10-Q for the quarter ended September 30, 2008 and that it has recently completed the execution of asphalt storage contracts or leases relating to 39 of its 46 owned asphalt facilities with various counterparties.

STILLWATER a ' A police officer testified Monday that a Cushing man accused in the shooting deaths of three people admitted killing the victims and planning to torch the Cushing home where he left their bodies.

US commercial crude stocks declined a surprising 4.629 million barrels to 370.629 million barrels last week, while gasoline levels tumbled 4.151 million barrels, as imports for both commodities took a fall, an analysis of data released Wednesday by the Energy Information Administration showed.

Enbridge Inc., Canadaa s No. 2 pipeline company, said Wednesday its quarterly profit more than doubled as it posted a gain on the sale of a Colombian pipeline system and added new capacity as part of a $12-billion expansion plan.

Legacy Reserves LP today announced first quarter results for 2009. This unaudited financial information is preliminary and is subject to adjustments in connection with the final unaudited financial statements to be released on or about May 8, 2009 within Legacy's Quarterly Report on Form 10-Q. A summary of selected financial information follows.

Crude-oil futures jumped more than 4% to top $56 a barrel Wednesday, ending at their highest level in nearly six months after government data showed U.S. crude inventories rose less than expected while gasoline inventories decreased.

If the crude being purchased and delivered to Cushing, Ok is delivered as collateral against futures to be sold in the contango game ... then it's NOT supply, IT'S COLLATERAL, ... until the contango players give up and go home.

The United States has been concerned for many years about the influx of foreign oil, mostly from the Middle East into the United States.

Holly Corp. Chairman and CEO expects the company's $65 million purchase of an 85,000-barrel-per-day Sunoco refinery in Tulsa, Okla., will position the company for growth in the specialty lubricant products business.