Key North American Natural Gas Hub Prices: Feb. 17, 2017
Senators voted 52-46 to approve Oklahoma Attorney General Scott Pruitt, who is expected to reform and modernize the EPA.
MPLX is an MLP formed in 2012 by Marathon Petroleum Corp. (NYSE: MPC), according to its website. In 2015, it bought MarkWest Energy Partners, a deal that made it the fourth-largest MLP by market value in the U.S., Reuters reported.
Enbridge's pipelines mainly send Canadian crude from oil sands to refiners on the U.S. Gulf Coast, while Spectra's network ships natural gas to the U.S. East Coast, Reuters reported.
Federal officials and North Dakota's governor refused to extend next week's evacuation deadline for activists living in camps that have been a base for months for demonstrations against the Dakota Access oil pipeline.
A second consecutive massive build in U.S. crude stockpiles on Feb. 15 left the market relatively unimpressed, as the market awaited further evidence that OPEC cuts were in effect.
The FTC said the firms agreed to resolve the charges by adopting a consent decree that would require Enbridge to notify the panel before acquisitions in areas off Louisiana.
Key North American Natural Gas Hub Prices: Feb. 16, 2017
TransCanada filed an application with Nebraska authorities on Feb. 16 to route its Keystone XL Pipeline through the state, after U.S. President Donald Trump cleared the way for the project last month.
The company's net loss attributable to shareholders narrowed to CA$358 million, or 43 Canadian cents per share, in the fourth quarter ended Dec. 31 from CA$2.46 billion, or CA$3.47 per share, a year earlier, Reuters reported.
The supply pact could be extended by May if all major producers showed "effective cooperation," Reuters on Feb. 16 quoted an OPEC source as saying.
EPA staff have been told that President Donald Trump is preparing a handful of executive orders to reshape the agency, to be signed, sources told Reuters on Feb. 15.