Cushing Newswire

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Results 1 - 20 of 67 for "u:reuters.com" in Cushing, OK

  1. UPDATE 2-Brent comes off 27-month low, climbs towards $92 as dollar weakensRead the original story

    Wednesday Oct 8 | Reuters

    Brent crude futures rose towards $92 a barrel on Thursday, after rebounding from a 27-month low hit in the previous session as the U.S. dollar weakened on the possibility the Federal Reserve could hold off raising interest rates. Expectations that oil demand could increase towards the end of this month - even though U.S. crude stocks increased more than expected last week - also helped to support prices.

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  2. Brent comes off 27-mth low, holds above $91 as dollar weakensRead the original story

    Wednesday Oct 8 | Reuters

    Brent crude futures held steady above $91 a barrel on Thursday, after rebounding from a 27-month low hit in the previous session as the U.S. dollar weakened on the possibility the Federal Reserve could hold off raising interest rates. Expectations that oil demand could increase towards the end of this month - even though U.S. crude stocks increased more than expected last week - also helped to support prices.

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  3. NGL Energy says Grand Mesa pipeline open season successfulRead the original story

    Monday Oct 6 | Reuters

    NGL Energy Partners LP has received necessary binding commitments to start building the Grand Mesa pipeline system, which is expected to start operating in 2016, the company said on Monday. The proposed 550-mile crude oil pipeline, a joint venture between Rimrock Midstream, LLC and NGL Energy, will have an initial capacity of more than 130,000 barrels per day, originating in stations near the towns of Lucerne and Kersey, Colorado and terminating at NGL's Cushing, Oklahoma terminal.

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  4. Canada Stocks-Futures indicate lower start, focus on Hong Kong unrestRead the original story

    Monday Sep 29 | Reuters

    Sept 29 - Tracking weakness in global markets, Canada's main stock index looked set for a lower start on Monday as pro-democracy protests in Hong Kong weighed on Asia exposed stocks. Canada's main stock index jumped in choppy trading on Friday, recovering from a sharp selloff the previous session, as U.S. economic data helped drive gains.

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  5. UPDATE 1-Enbridge to introduce steps to boost crude flow to CushingRead the original story

    Friday Sep 26 | Reuters

    Limited crude supplies at Cushing, Oklahoma, have prompted pipeline company Enbridge Inc to implement new steps to increase the flow into the storage hub and delivery point for U.S. crude oil futures. Enbridge will begin implementing a "feeder verification procedure" in October, according to the company's Sept.

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  6. TransCanada sees itself in oil train business regardless of Keystone -CEORead the original story

    Sep 16, 2014 | Reuters

    Pipeline operator TransCanada Corp is likely to haul Canadian oil sands crude by rail whether or not its embattled Keystone XL pipeline project is finally approved by Washington, the company's chief executive said on Tuesday. TransCanada is in its sixth year of waiting for the United States to approve or reject its plan for a 1,700-mile cross-border pipeline that could carry at least 730,000 barrels a day of oil sands from Western Canada to Texas refineries.

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  7. UPDATE 4-Brent hits 16-month low below $99 on strong supply growthRead the original story

    Sep 10, 2014 | Reuters

    Brent crude dropped to a new 16-month low below $99 a barrel on Wednesday as rising supplies and weak demand helped extend losses into a fifth session, even as top oil exporter Saudi Arabia said it had cut oil production last month. Brent has fallen by more than 14 percent since hitting a year high above $115 a barrel in June, with fast-rising U.S. output and the return of exports from Libya creating a market that looks increasingly over supplied.

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  8. UPDATE 2-Oil steadies near $102, heads for weekly drop on dollarRead the original story

    Sep 4, 2014 | Reuters

    Brent crude oil steadied near $102 a barrel on Friday, heading for a third weekly drop in four as a strong dollar depressed demand, though data showing lower crude stocks in the United States kept a floor under prices. Oil prices on both sides of the Atlantic fell nearly $1 on Thursday as a surprise cut in interest rates by the European Central Bank led to a spike in the U.S. dollar, making it more expensive for holders of other currencies to buy the dollar-denominated commodity.

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  9. UPDATE 1-Enterprise holds open season for Bakken to Cushing pipelineRead the original story

    Sep 4, 2014 | Reuters

    Enterprise Products Partners LP said on Thursday that it was holding an open season for a proposed pipeline that would be the first in directly moving shale oil from the Bakken formation to Cushing, Oklahoma. The pipeline, which would have an initial capacity of some 340,000 barrels per day of crude oil and expandable to more than 700,000 bpd, should be fully operational by the third quarter of 2017, the company said.

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  10. Canada Crude-Heavy grades strengthen as demand boost eyedRead the original story

    Sep 2, 2014 | Reuters

    Canadian heavy crude differentials narrowed on Tuesday on tightened supply and the possibility of strong demand for the oil to fill a new pipeline project.

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  11. UPDATE 1-Brent hovers below $103 as ample supply weighsRead the original story

    Aug 27, 2014 | Reuters

    Brent futures dipped on Thursday, but still held between $102 and $103 a barrel, as ample supply and a refinery fire in the United States that could reduce crude demand weighed on prices.

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  12. UPDATE 1-Brent inches up towards $103, but supply glut caps gainsRead the original story

    Aug 25, 2014 | Reuters

    Brent crude edged up towards $103 a barrel on Tuesday, rising for a second session, although persistent supply pressure and weak economic data in major consumer countries curbed gains.

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  13. Pipeline reversal may be first step in stemming U.S. inland crude slumpRead the original story

    Aug 22, 2014 | Reuters

    The reversal of flow in a little-known pipeline this week may be a first step toward ending bottlenecks at Midland, Texas, that have kept crude prices there sharply discounted to those at Cushing, Oklahoma.

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  14. UPDATE 2-Brent below $103, heads for 2nd weekly loss as oil glut persistsRead the original story

    Aug 21, 2014 | Reuters

    Brent was slightly higher but still trading below $103 a barrel on Friday, heading for a second weekly loss as easing geopolitical risks and ample global oil supply pressured prices.

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  15. UPDATE 1-Plains to build Cushing-to-Memphis pipeline for ValeroRead the original story

    Aug 21, 2014 | Reuters

    Plains All American Pipeline LP will build a crude oil pipeline from its terminal at the U.S. futures hub in Cushing, Oklahoma, to Valero Energy Corp's Tennessee refinery, helping the largest U.S. refiner cut transportation costs to tap cheap inland oil.

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  16. Plains to build Cushing-to-Memphis pipeline for ValeroRead the original story

    Aug 21, 2014 | Reuters

    Plains All American will build a crude oil pipeline from its terminal at the U.S. futures hub in Cushing, Oklahoma, to Valero Energy Corp's Tennessee refinery, helping the largest U.S. refiner cut transportation costs to tap cheap inland U.S. oil.

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  17. UPDATE 1-U.S. crude stocks fall; refiners increase outputRead the original story

    Aug 20, 2014 | Reuters

    U.S. crude stocks fell more than expected last week as refineries boosted output and imports dropped, while gasoline stocks increased and distillate inventories fell, data from the Energy Information Administration showed on Wednesday.

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  18. Permian light crude stranded as U.S. oil exports begin to flowRead the original story

    Aug 17, 2014 | Reuters

    Washington's decision to allow exports of an ultra light crude offers a potential boon to U.S. producers that will bypass drillers in the Permian basin, because the country's fastest growing shale play lacks pipelines or affordable trucking.

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  19. UPDATE 2-Brent slips below $105, Iraq oil output steady amid conflictRead the original story

    Aug 10, 2014 | Reuters

    Brent crude slipped under $105 a barrel on Monday, dropping from a one-week high hit on Friday, as U.S. intervention in Iraq eased concerns over the risk of disruption to supply from OPEC's second-largest producer.

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  20. From Russia to Iraq, rising oil risks push 2015 prices to a premiumRead the original story

    Aug 7, 2014 | Reuters

    European oil prices in a year's time have risen to a premium over immediate prices for the first time since 2012, as turmoil in Iraq and Libya and tensions between Russia and the West elevate supply risks in the months ahead.

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