Enterprise Products Partners is shelving a pipeline that would have transported crude from North Dakota to Oklahoma, the company said Friday.» Read More
*U.S. light oil exports to Asia only started 4 months ago. SINGAPORE, Dec 1- An aggressive strategy by Mideast Gulf producers to exploit the lowest oil prices in five years to defend market share is showing signs of bearing fruit as U.S. crude exports to Asia grind to halt. Last week Ali al-Naimi, the oil minister of OPEC kingpin Saudi Arabia, warned his fellow OPEC...
*U.S. light oil exports to Asia only started 4 months ago. SINGAPORE, Dec 1- U.S. crude exports to Asia are grinding to a halt just four months after they began, in a sign of how an aggressive strategy by Gulf producers to defend their market share is starting to bear fruit. The move shows how the Organization of the Petroleum Exporting Countries, with its influential...
HOUSTON, Sept 19- To capitalize on a flood of domestic and Canadian crude into the U.S. Gulf Coast, logistics giant Kinder Morgan Energy Partners is spending more than $1.5 billion in Houston to build the most flexible oil and fuel transport hub in the country.
Oil producers in condensate-heavy shale crude plays like the Eagle Ford and the western Permian Basin in Texas also could fetch better condensate prices if exported, as U.S. refiners have limited demand for it.
The imports would mark an abrupt shift from a decades-old devotion to crude oil self-sufficiency in Mexico, long a major exporter to the United States. His comments are the strongest signals to date on both the timing and potential volumes of light crude imports to Mexico.
*Panamax freight rates from U.S. to Asia rise. NEW YORK/ SINGAPORE, Aug 13- Asian buyers of ultra light oil from the United States are struggling to find small-sized ships willing to undertake the month-long voyage at affordable rates as U.S.- Asia oil trade flows grow. "Why would you want to send a Panamax to Asia?
Cramer likes to review the S&P 500’s Daily Action Charts in an effort to find stocks that could work higher.
U.S. oil production continues to boom, and a loophole in a law has allowed the first export of unrefined American oil in decades.
LONDON, July 29- Somewhere in an office at the Bureau of Industry and Security in Washington, D.C., a mid-ranking government official is sitting down with a stack of dictionaries.
HOUSTON, July 16- Plains All American may build new pipelines dedicated solely to a very light form of crude oil known as condensate in parts of the Permian Basin in West Texas as output increases, an executive of the U.S. company said this week.
Jim Cramer says recent developments in the oil business aren’t getting nearly the attention they deserve.
WASHINGTON, July 2- Two senators on Wednesday asked the U.S. Commerce Department to explain why it approved exports of a form of super-light oil known as condensate, saying the action may have violated the decades-long ban on U.S. crude oil exports.
NEW YORK, June 30- After decades of isolation, the United States is set to become a major player in the global trade of ultra light oil as recent government export approvals attract interest across the world.
The Commerce Department's decision to allow unrefined U.S. oil exports creates clear winner and losers.
Take a look at some of Wednesday's midday movers.
The U.S. government has taken steps to let two companies sell unrefined American crude oil overseas, the Wall Street Journal reported Tuesday.
It's time for the Lightning Round. Cramer makes the call on viewer favorites.
Are you ready skeedaddy???!!! It’s time for the Lightning Round.
A new natural gas export facility is seen as a harbinger of things to come.
Global X Fund has a new exchange-traded fund that offers a way to play the U.S. energy boom, using midsized oil and gas pipeline operators as investment vehicles.