Oil and Gas Oil and Gas Storage

  • The railroad Tuesday will send two loaded 40- foot LNG containers from Anchorage to Fairbanks as part of a demonstration. It will also depend on whether Fairbanks Natural Gas LLC, a company providing Cook Inlet natural gas to about 1,000 customers in Fairbanks, will want to use the railroad as a shipper. Expansion of natural gas use is a longtime hope of Fairbanks...

  • Sept 19- More wells passed safety inspections at the Aliso Canyon natural gas storage facility in Los Angeles, Southern California Gas Co said on Monday, but the company has more work to do before it can inject gas into the giant field the utility shut last fall due to a massive methane leak that was not plugged until February. Under state law, SoCalGas cannot inject...

  • T. Boone Pickens.

    Oil investor T. Boone Pickens believes the price of oil will rise by the end of the year, he told Reuters on Monday.

  • LOS ANGELES— A utility that owns a well that leaked massive amounts of natural gas and drove thousands of families from their Los Angeles homes pleaded no contest to a criminal charge Tuesday as part of a $4 million settlement with prosecutors. The deal requires Southern California Gas Co. to adopt a leak-monitoring system at its Aliso Canyon facility that...

  • In Texas, Valero Energy Corp's Houston refinery, LyondellBasell Industries' Houston refinery, Petrobras' Pasadena refinery and Royal Dutch Shell's joint-venture Deer Park refinery have crude on-site in storage tanks and also have access to long-distance and short-haul pipeline systems. The Coast Guard was conducting assessments about how long it would...

  • SINGAPORE, Sept 6- Iran expects to complete a pipeline and a terminal to export a new grade of crude by year-end, boosting the country's drive to ramp up oil production to pre-sanctions levels. A senior official from the National Iranian Oil Company said late on Monday that the terminal near Kharg Island in the Persian Gulf would be ready to export the new grade of...

  • Traffic drives along US 98 as Hurricane Hermine approaches on September 1, 2016 in Eastpoint, Florida.

    East Coast refiners are built to withstand Cat-3 storms, but operations could still be affected, oil expert John Kilduff says.

  • LONDON/ MILAN, Aug 31- French oil major Total and Italian renewable energy group Erg have tapped banks to sell one of Italy's biggest petrol station networks, known as TotalErg, sources familiar with the matter said. Italy's petrol station network is over-crowded, with around 21,000 stations across the country, twice the number in France and almost three times...

  • Crude futures have surged nearly $10 a barrel, or almost 25 percent, in just over two weeks on speculation that Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries will agree next month to a production freeze deal with non- OPEC members led by Russia. Brent crude was down 22 cents, or 0.5 percent, to $50.67 per barrel by 12:06 p.m....

  • Crude futures have surged nearly $10 a barrel, or almost 25 percent, in just over two weeks on speculation that Saudi Arabia and other key members of the Organization of the Petroleum Exporting Countries will agree next month to a production freeze deal with non- OPEC members led by Russia. Brent crude was down 27 cents, or 0.5 percent, at $50.60 per barrel by...

  • International benchmark Brent futures were trading at $50.70 per barrel at 1128 GMT, down 19 cents from their last close. West Texas Intermediate crude futures were down 9 cents at $48.13 a barrel after reaching $48.75, their highest since July 5. Iraq has resumed pumping oil from fields operated by the state-run North Oil Company via a Kurdish pipeline to...

  • International benchmark Brent futures were trading at $50.50 per barrel at 0840 GMT, down 39 cents from their last close. West Texas Intermediate crude futures were down 20 cents at $48.02 a barrel after reaching $48.75, their highest since July 5. Iraq has resumed pumping oil from fields operated by the state-run North Oil Company via a Kurdish pipeline to...

  • NEW YORK, Aug 12- Oil rose about 2 percent on Friday, clinching its biggest weekly gains since April, after a short covering rally was triggered by comments from Saudi Arabia's oil minister in the previous session about possible action to help stabilize the market. U.S. crude settled up $1 at $44.49 after touching its highest level since July 22 at $44.60 per barrel.

  • NEW YORK, Aug 12- Oil prices were up about 1 percent on Friday, on track for their biggest weekly gains since May, after a short covering rally was triggered by comments from Saudi Arabia's oil minister in the previous session about possible action to help stabilize the market. Brent crude futures were 56 cents higher at $46.60 at barrel by 1:16 p.m. ET after...

  • NEW YORK, Aug 12- Oil prices rose about 2 percent on Friday, on track for their biggest weekly gains since late April, amid a short covering rally triggered by comments from Saudi Arabia's oil minister in the previous session about possible action to help stabilize the market. Brent crude futures were 84 cents higher at $46.88 at barrel by 12:30 p.m. ET after...

  • *China crude oil production slips 8 pct to five-year low. Brent crude futures were 39 cents a barrel higher at $46.43 a barrel, a 0.9 percent gain, by 10:54 a.m. ET, up from a three-week high of $46.66 earlier in the day. West Texas Intermediate crude rose 50 cents to $43.99 after touching its highest level since July 25 at $44.17 per barrel.

  • Brent crude futures were up 14 cents a barrel higher at $46.18 per barrel by 1319 GMT, from a three-week high of $46.66 earlier in the day. West Texas Intermediate crude stood at $43.72 a barrel, up 23 cents after touching its highest level since July 25, at $44.17 per barrel. Both price benchmarks rose more than 4 percent on Thursday after Saudi Arabia's energy...

  • Brent crude futures were down 19 cents a barrel higher at $45.84 per barrel by 1000 GMT, from a three-week high of $46.66 earlier in the day. West Texas Intermediate crude stood at $43.41 a barrel, down 8 cents after touching its highest level since July 25, at $44.17 per barrel. Both price benchmarks rose more than 4 percent on Thursday after Saudi Arabia's energy...

  • Brent crude futures were trading 1 cent a barrel higher at $46.05 per barrel by 1000 GMT, from a three-week high of $46.66 earlier in the day. West Texas Intermediate crude stood at $43.61 a barrel, up 5 cents after touching its highest level since July 25, at $44.17 per barrel. Both price benchmarks rose more than 4 percent on Thursday after Saudi Arabia's energy...

  • Brent crude futures were trading at $46.12 per barrel by 0645 GMT, receeding from a three-week high of $46.66 earlier in the day, though still up 8 cents from their last close. West Texas Intermediate crude stood at $43.70 a barrel, up 21 cents after touching its highest since July 25, at $44.17 per barrel. Markets were pushed up as Saudi Arabia's energy minister...