With the raging levels of oil production in the United States, Cramer shares his concerns about lack of legal infrastructure and storage of the oil.» Read More
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.
News of the switch for the 60,000 barrel-per-day pipeline has already sharply narrowed the discount for WTI delivered at Midland to that at Cushing, the delivery point for the benchmark U.S. crude futures contract.
HOUSTON, Aug 11- The biggest U.S. pipeline company, Kinder Morgan Inc, will gain new muscle to acquire rivals after it consolidates as a single company and buys out investors in its publicly traded units for $44 billion, its CEO said on Monday. Kinder Morgan Inc said on Sunday it would put all its units under one roof.
NEW YORK, Aug 6- New England power generators need to lock into more natural gas pipeline capacity to avoid a supply squeeze and record prices seen last winter, Spectra Energy Corp's chief executive officer said on Wednesday.
It's time for the Lightning Round. Cramer makes the call on viewer favorites.
Check out which companies are making headlines after the bell Tuesday:
Nov 3- The New York area's energy network remained under strain on Saturday, six days after Hurricane Sandy shut down pipelines, fuel terminals and refineries and left millions without power in the country's most densely populated region.
*Hess 70,000 bpd Port Reading plant still powerless; Ontario back. *EPA grants diesel fuel standard waiver for New Jersey. Oct 31- East Coast fuel supplies seemed set to remain tight into next week, as spotty electrical power and flooding damage stymied the recovery of two New Jersey refineries after Hurricane Sandy.
*Philadelphia's 330,000- bpd refinery restarting. *Hess 70,000- bpd NJ refinery, Imperial plant suffer outages.
NEW YORK, Oct 30- The biggest U.S. East Coast refinery in Philadelphia began restoring production after Hurricane Sandy on Tuesday and a smaller nearby plant operated without trouble as energy firms began assessing the storm's damage.
*Philadelphia 330,000 bpd refinery, biggest on coast, undamaged-source. NEW YORK, Oct 30- The biggest U.S. East Coast refinery in Philadelphia appears to have emerged undamaged from Hurricane Sandy and a smaller nearby plant operated without trouble, sources said on Tuesday as energy firms began assessing the storm's damage.
NEW YORK, Oct 29- The supply of gasoline, diesel and jet fuel into the U.S. East Coast ground almost to a halt on Monday as Hurricane Sandy forced the closure of two-thirds of the region's refineries, its biggest pipeline, and most major ports.
LONDON, Oct 2- Marwyn Management Partners PLC:.
LONDON, Oct 1- Marwyn Management Partners PLC:. *sale of Marwyn gaming limited. *Gross consideration for the sale is Â £76.0 million on a cash free, debt free.
Talk to oil and gas industry veterans and they'll tell you, the U.S. is in the midst of an energy renaissance, with national oil production at a 12 year high, thanks to the boom in Shale oil production in places like North Dakota.
Investors can generate income by having master limited partnerships play a bigger role in their portfolio, Darren Horowitz, managing director of Energy Equity Research at Raymond James & Associates, told CNBC Wednesday.
Gabriel Moreen of Bank of America/Merrill Lynch was named the top Master Limited Partnerships (MLP) analyst by Institutional Investors’ 2010 All-American Research Team survey on Tuesday. He shared his sector outlook and best plays.
A master limited partnership (MLP) of ETFs (electronically traded funds), which debuted Wednesday and will be traded on the Big Board, gives investors “liquidity and transparency” and a “tax-free” attractive yield, Kenny Feng, president and CEO of Alerian Capital, told CNBC Wednesday.
From safe municipal bonds to risky closed-end bond funds, just about everything is on sale.