Oil and Gas Oil and Gas Storage

More

  • U.S. natgas futures ease on continued warm forecasts Wednesday, 28 Oct 2015 | 10:12 AM ET

    On its last day as the front-month, the November gas future on the New York Mercantile Exchange fell 3.6 cents, or 1.72 percent, to $2.056 per million British thermal units at 10:02 a.m. EDT. The December contract, which will be the front month on Thursday, was off about six cents to $2.302. "With a very weak November contract heading into the history books after...

  • Oct 27- U.S. natural gas futures edged higher on Tuesday after dropping almost 17 percent over the prior four days as traders found value in prices that briefly fell below $2 for the first time in over three years. With one day to go as the front-month, November gas futures on the New York Mercantile Exchange closed up three cents at $2.092 per million British...

  • MEXICO CITY, Oct 27- Mexico's national oil company Pemex said on Tuesday that an alkylation plant at its smallest refinery has been shut following detection of a gas leak, adding the refinery was operating normally. The company said in a statement that the plant at the Ciudad Madero refinery located in northern Tamaulipas state has been isolated to attend to the...

  • Oct 27- U.S. natural gas futures briefly fell below $2 per million British thermal units early Tuesday, the lowest level in over three years, bringing total losses since last Wednesday to 19 percent. Front-month gas futures on the New York Mercantile Exchange fell 1.6 cents, or 0.78 percent, to $2.046 per million British thermal units at 9:14 a.m. EDT, paring...

  • NEW YORK, Oct 26- The U.S. natural gas market slumped 10 percent to a fresh three-year low on Monday as traders acknowledged that this winter may be warmer than expected, curbing heating demand. "The latest change in the short-term weather forecasts was the straw that broke the camel's back," said Aaron Calder, an analyst at Houston- based Gelber& Associates.

  • *Oil prices risk falling again in spring- Goldman Sachs. Influential Wall Street trading house Goldman Sachs warned of downside risk for oil prices through spring 2016 as U.S. and European storage utilization for distillates, which include diesel, neared historic highs. Traders said that as refined oil product storage tanks filled up, unwanted diesel and jet...

  • Influential Wall Street trading house Goldman Sachs warned of downside risk for oil prices through spring 2016 as U.S. and European storage utilization for distillates, which include diesel, neared historic highs. Traders told Reuters that as refined oil product storage tanks fill up, unwanted diesel and jet fuel cargoes were backing up outside Europe's...

  • UPDATE 7-Oil falls as supply glut swells storage Monday, 26 Oct 2015 | 9:16 AM ET

    LONDON, Oct 26- Oil edged lower on Monday on a global supply glut pushing fuel storage sites close to capacity, and with fewer speculators betting on a rise in crude prices. Brent, the international benchmark, was down 30 cents at $47.69 a barrel at 1253 GMT, more than 11 percent below this month's high. As refined oil product storage tanks fill up, unwanted diesel and...

  • Unwanted diesel, jet ships could sink oil prices Monday, 26 Oct 2015 | 3:00 AM ET

    *Ships with half a million tonnes taking the long route to Europe. LONDON, Oct 26- Unwanted diesel and jet fuel cargoes are backing up outside Europe's ports and taking longer, slower routes around the southern tip of Africa, traders say. Refineries from Rotterdam to India to Louisiana, drunk on cheap crude, ran regardless of whether the world wanted what they were...

  • Noble Midstream Partners files for IPO Thursday, 22 Oct 2015 | 8:41 AM ET

    Oct 22- Noble Midstream Partners LP, a wholly owned unit of Noble Energy Inc, filed with U.S. regulators for an initial public offering of common units on Thursday. Noble Midstream will own assets in Colorado's DJ Basin crude oil, natural gas and water-related midstream services. The company, which intends to list its common stock on the New York Stock Exchange...

  • BISMARCK, N.D., Sept 24- North Dakota regulators on Thursday gave the energy industry 10 extra months to reduce the amount of natural gas burned off at oil wells, acquiescing to industry worries that construction delays have made it all but impossible to meet existing targets. Governor Jack Dalrymple and the two other members of the North Dakota Industrial...

  • Sept 23- Private equity firm Energy Capital Partners is looking for buyers for its interest in Summit Midstream Partners LP, a deal that would include a minority stake in the pipeline operator as well as ownership of its general partner, Bloomberg reported. The sale would also include some oil and gas gathering and processing operations in North Dakota,...

  • On Francis' first visit to the United States this week, the business dealings suggest that some leaders of the U.S. Catholic Church are practicing a different approach to the environment than the pontiff is preaching. A Reuters review of county documents found 235 oil and gas leasing deals signed by Catholic Church authorities in Texas and Oklahoma with energy...

  • *Brent premium to U.S. crude falls to below $2/ bbl. *$1.5 tln of oil projects uneconomic at $50/ bbl- Woodmac. Cushing stocks fell nearly 2 million barrels in the week to Sept. 11, the biggest draw since February 2014, U.S. government data showed.

  • *$1.5 trln of oil projects uneconomic at $50/ bbl- Woodmac. Gasoline futures on the New York Mercantile Exchange were up about 3 percent after a fire was reported on Saturday at an unit of Husky Energy's 155,000 barrel-per-day refinery in Lima, Ohio. Cushing stocks fell nearly 2 million barrels in the week to Sept. 11, the biggest draw since February 2014, U.S....

  • LONDON/ FRANKFURT, Sept 21- Swedish buyout group EQT has received offers for its Dutch oil storage group Koole Terminals valuing the business at more than 1 billion euros, several people familiar with the deal said. The infrastructure arms of Goldman Sachs, JP Morgan and Macquarie are also in the running as are infrastructure-focused private equity groups like...

  • How low can oil go? Goldman says $20 may be possible Friday, 11 Sep 2015 | 3:53 PM ET
    A floorhand works on an oil rig in the Bakken shale formation outside Watford City, North Dakota.

    The risk that oil could fall as low as $20 a barrel is rising amid a persistent surplus, Goldman Sachs said, cutting its forecasts again.

  • *Goldman cuts 2015, 2016 outlook; Commerzbank also pares forecast. NEW YORK, Sept 11- Crude futures fell about 3 percent on Friday after Wall Street's most influential voice in oil trading, Goldman Sachs, slashed its price outlook through next year, citing oversupply and concerns over China's economy. Joining Germany's Commerzbank and a long list of other banks...

  • LONDON, Sept 11- U.S. commercial crude stocks are still close to their highest levels in over 80 years, but operational requirements prevent refineries filling on-site storage facilities to their maximum capacity. An increasing proportion of U.S. crude oil stocks is held in off-site tank farms, some owned or leased by refiners themselves, but many owned or...