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Results 1 - 20 of 39 for "u:reuters.com" in Cushing, OK

  1. Enbridge rations space for Ozark, Spearhead pipelinesRead the original story

    Monday Dec 22 | Reuters

    Canadian pipeline operator Enbridge Inc said on Monday it was rationing space on its Ozark crude oil pipeline for January, and its Spearhead pipeline for January and February. The Spearhead pipeline, which carries oil from Flanagan, Illinois, to the Cushing, Oklahoma, storage hub, was apportioned at 89.3 percent for January and 90.0 percent for February, it said.

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  2. CORRECTED (OFFICIAL)-In North Dakota, countdown looms for $5.3 billion oil tax breakRead the original story

    Monday Dec 22 | Reuters

    Tumbling U.S. oil markets approached an important if obscure milestone on Thursday, closing near a price that could trigger a $5.3 billion, two-year tax break for North Dakota oil drillers as soon as next summer. Under a decades-old law, the state at the heart of the U.S. shale oil boom would waive its 6.5 percent oil extraction tax once the average monthly price of benchmark West Texas Intermediate crude at Cushing, Oklahoma, falls below a certain threshold for five consecutive months.

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  3. In North Dakota, countdown looms for $5.3 billion oil tax breakRead the original story w/Photo

    Friday Dec 19 | Reuters

    Tumbling U.S. oil markets hit an important if obscure milestone on Thursday, closing for the first time at a price that could trigger a $5.3 billion, two-year tax break for North Dakota oil drillers as soon as next summer. Under a decades-old law, the state at the heart of the U.S. shale oil boom would waive its 6.5 percent oil extraction tax once the average monthly price of benchmark West Texas Intermediate crude at Cushing, Oklahoma, falls below a certain threshold for five consecutive months.

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  4. Enterprise shelves massive Bakken pipeline projectRead the original story

    Friday Dec 12 | Reuters

    Enterprise Products Partners on Friday shelved plans to build the first crude pipeline from North Dakota to the storage hub in Cushing, Oklahoma, likely hindered by competition from other shippers and lower oil prices. In a two-sentence announcement, Enterprise said it wouldn't build the 1,200-mile , 340,000 barrels-per-day pipeline because too few shippers had signed up to support it.

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  5. Enbridge says 600,000-bpd Flanagan South oil line now in serviceRead the original story

    Monday Dec 1 | Reuters

    Enbridge Inc, Canada's largest pipeline operator, said on Monday its 600,000 barrel-per-day Flanagan South pipeline is now in service. The line, which runs from Illinois to the oil storage hub of Cushing, Oklahoma, began shipping oil on Monday as scheduled, said Graham White, a spokesman for the company.

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  6. UPDATE 1-Brent stays near 4-year low below $78 on glut, OPEC worriesRead the original story

    Nov 13, 2014 | Reuters

    Brent crude held near a four-year low below $78 a barrel on Friday amid concerns over excess supply and uncertainty over whether OPEC would cut output at a meeting in two weeks. Saudi Arabian Oil Minister Ali al-Naimi appeared to rule out a cut in output but other members of the Organization of the Petroleum Exporting Countries are pushing for action to tackle the fall in prices when they meet in Vienna on Nov. 27. Oil prices have plunged 30 per cent since June.

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  7. Brent edges above $78, still near four-year low on glut, OPEC worriesRead the original story

    Nov 13, 2014 | Reuters

    Brent crude edged above $78 a barrel on Friday but remained close to a four-year low because of concern over excess supply and uncertainty over whether oil cartel OPEC would cut production at a meeting in two weeks. Saudi Arabian Oil Minister Ali al-Naimi appeared to rule out a cut in output but other members of the Organization of the Petroleum Exporting Countries are pushing for action to tackle the fall in prices when delegates meet in Vienna on Nov. 27. Oil prices have plunged 30 per cent since June.

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  8. Seaway Twin terminal snag resolved ahead of Dec. pipeline start - tradersRead the original story

    Nov 12, 2014 | Reuters

    An unexpected snag at Enterprise Product Partners LP 's crude terminal in Houston has been resolved, two sources familiar with the operations said on Wednesday. The problem, reported last week, related to delivery on the highly anticipated 450,000 barrel-per-day Seaway Twin crude pipeline, which pumps crude down from Canada into the Gulf Coast.

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  9. UPDATE 2-Enbridge profit beats estimate, delay snags Line 9Read the original story

    Nov 5, 2014 | Reuters

    Enbridge Inc, Canada's largest pipeline company, reported a stronger-than-expected third-quarter profit on Wednesday as it shipped record volumes on its Mainline pipeline system. The company said it was on track to achieve its full-year earnings forecast, although ongoing delays in restarting its newly reversed Line 9 pipeline dampened some of the positive impact of the increase in volumes.

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  10. UPDATE 1-U.S. oil stockpiles rise while products decline - EIARead the original story

    Nov 5, 2014 | Reuters

    U.S. crude stocks rose but less than forecast last week, while gasoline and distillate inventories fell, data from the Energy Information Administration showed on Wednesday. Crude inventories edged up 460,000 barrels in the week to Oct. 31, compared with analysts' expectations for an increase of 2.2 million barrels.

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  11. UPDATE 1-Capline, biggest U.S. crude conduit, to study future optionsRead the original story

    Oct 30, 2014 | Reuters

    The 1.2-million-barrel-a-day Capline crude pipeline, the biggest in the mainland United States, is reviewing its future operations, its owners said on Thursday, as the North American oil boom upends the flow across the continent. Shipping volumes on the pipeline, which runs south to north from the Gulf Coast to Illinois, have fallen has steeply in recent years as midwestern refiners tap into the growing supply of Canadian and North Dakota crude to replace costly imports via Capline.

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

    Oct 8, 2014 | 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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  13. Brent comes off 27-mth low, holds above $91 as dollar weakensRead the original story

    Oct 8, 2014 | 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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  14. NGL Energy says Grand Mesa pipeline open season successfulRead the original story

    Oct 6, 2014 | 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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  15. Canada Stocks-Futures indicate lower start, focus on Hong Kong unrestRead the original story

    Sep 29, 2014 | 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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  16. UPDATE 1-Enbridge to introduce steps to boost crude flow to CushingRead the original story

    Sep 26, 2014 | 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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  17. 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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  18. 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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  19. 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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  20. 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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