Wil VanLoh, president and CEO of Quantum Energy Partners, said low oil prices will position U.S. producers as some of the world's most economical and low-cost.
It is becoming clear that 2015 will be a “lost year” for crude oil, natural gas and NGL prices, but the hope is that it will be a minor blip.
After stabilizing in recent weeks, oil prices are back on the decline amid concerns that the world is producing more crude than it can store.
The weak commodities environment won’t be the death knell of shale’s success story, but North American energy industry has hit the reset button.
West Texas Intermediate crude prices took another downturn the week of March 11 as storage at the Cushing, Okla., hub is quickly filling up.
The arrival of spring temperatures is causing natural gas and NGL prices to fall as heating and blending demand decrease and uncertainty remains over crude prices.
West Texas Intermediate crude oil prices experienced another uptick the first week of March.
Michael A. Creel will retire at the end of the year as CEO of Enterprise Products Partners LP’s general partner. A.J. (Jim) Teague was elected to replace him.
Kinetic energy created by a derailment factors more heavily in the size of a fire than whatever the train is hauling, according to a report, the American Petroleum Institute said.
Wentworth will be sold to Pentagon Energy LLC. The CNG will be exported to Latin America. Two Morgan Stanley managers involved with Wentworth will become Pentagon principals, sources told Reuters.
The abundance of shale gas has driven down gas prices for consumers and led to manufacturing expansions, to the tune of billions in benefits to the U.S. economy.
Key North American Hub Prices: March 27, 2015
Cross Town will take refined petroleum products to terminals in Argo and Des Plaines, Ill., from Buckeye’s Chicago Complex in Hammond, Ind.
The proposed deal concerns wages, worker fatigue and the issue of contractors. The deal might end the Feb. 1 strike at U.S. plants handling about 20% of U.S. refining capacity, Bloomberg said.
An extended shutdown of part of the Channel may prevent delivery of crude, and force plants to reduce production, limiting fuel supplies, after a Venezuela-bound tanker spilled a gasoline additive, Bloomberg said.