Mechanical shutdown may lend some support to prices.
On the East Coast, U.S. crude oil stockpiles fell to the lowest level since October 2014, the EIA said.
Mexican President Andres Manuel Lopez Obrador said on Jan. 15 that widespread fuel theft extended to oil drilling platforms and he pledged to take actions to alleviate shortages sparked by his crackdown on gasoline thieves.
Venture Global told FERC in a filing it was "ready to commence construction of this multibillion-dollar project" in Lousiana noting the schedule called for a decision by Jan. 22.
The U.S. has become the world's largest oil producer, boosted by output from shale formations, with production of nearly 11 million barrels in 2018, which broke the country's annual record set in 1970.
OMV CEO reacts to warning to companies by U.S. ambassador to Germany.
Phillips 66 Partners, Harvest Midstream and PBF Logistics are jointly developing the crude oil pipeline in Louisiana.
Gibson Dunn said Jerry Farano, formerly Jones Day, has joined as a partner to continue his energy transactions practice in the law firm’s Denver office.
EPIC Midstream Holdings, LP on Jan. 14 reaffirmed that the EPIC Crude Oil Pipeline remains on schedule to begin interim service from Crane, Texas to Corpus Christi, Texas, during the third quarter of 2019. The project is expected to be in permanent service beginning January 2020.
Extreme volatility returned to U.S. natural gas futures on Jan 14, with the front-month up over 8% on forecasts for much colder weather and more heating demand than previously expected through the end of January.
Citigroup has hired Greg Saksida from TD Securities to head energy investment banking in Canada, according to an internal memo seen by Reuters.
President Andres Manuel Lopez Obrador’s offensive against fuel robbers marks the leftist’s first attempt to tackle entrenched corruption since taking office on Dec. 1.