Oil is losing ground as the world’s top fuel of choice, but it still remains on top as the U.S. leads production growth.

Some MLP transactions transfer complete control coupled with a partial ownership, others transfer partial ownership with no control and others transfer partial ownership with partial control. This variability complicates the antitrust review and requires careful attention in preparing for relevant transactions.

The biggest downturn in price was for Mont Belvieu ethane, which is experiencing a late impact from unexpected cracker turnarounds.

The Bakken is largely responsible for the revival of the Philadelphia oil refining industry and is helping to create increased refining capacity demand in the Gulf Coast.

Century Midstream LLC, Houston, has been formed through a partnership between a veteran management team and private-equity provider First Reserve.