Oil and Gas Oil and Gas Storage

  • *China storage space running out- PVM. LONDON, Aug 5- Oil prices dipped on Friday, ending a two-day rally, as a glut of crude and refined products weighed on markets and investors eyed a possible stutter in China's imports. West Texas Intermediate crude futures fetched $41.83 per barrel at 1211 GMT, down 10 cents from their last close, after trading as low as $41.44.

  • *China storage space running out- PVM. LONDON, Aug 5- Oil prices dipped on Friday, ending a two-day rally, as a glut of crude and refined products weighed on markets and investors eyed a possible stutter in China's imports. West Texas Intermediate crude futures fetched $41.74 per barrel at 0930 GMT, down 19 cents from their last close, after trading as low as $41.44...

  • *China crude imports set to soften- BMI Research. SINGAPORE, Aug 5- Oil prices fell by 1 percent on Friday as a crude and refined product glut weighed on markets and investors eyed a possible stutter in China's imports, ending a two-day short-covering rally. On the demand side, BMI Research said China's imports were weakening from records set in 2015 and this year.

  • *China crude imports set to soften- BMI Research. SINGAPORE, Aug 5- Oil prices fell on Friday as a crude and refined product glut weighed on markets and investors eyed a possible stutter in China's imports, ending a two-day short-covering rally. On the demand side, BMI Research said China's imports were weakening from records set in 2015 and this year.

  • SINGAPORE, Aug 5- Oil prices eased in early trading on Friday, but remained well above this week's lows as traders covered short positions after profiting from sharp declines since June. West Texas Intermediate crude futures were trading at $41.81 per barrel at 0029 GMT, down 12 cents from their last close but still up over 6 percent from their low fo the week on...

  • LONDON, Aug 4- Britain could go into next winter with very low levels of gas stocks, according to estimates by Centrica Storage Limited for withdrawals from its Rough gas storage site, published on Thursday. Centrica, which owns British Gas, one of Britain's largest energy suppliers, imposed restrictions in March last year on how much gas could be stored at Rough as...

  • SINGAPORE, Aug 3- Oil prices remained weak on Wednesday, with U.S. crude below $40 per barrel and Brent under $42, as fuel oversupply and stuttering economic growth weighed on markets, although prices did receive some support from a weaker dollar. West Texas Intermediate crude futures were trading at $39.54 per barrel at 0651 GMT, slightly above their last close...

  • SINGAPORE, Aug 3- Oil prices edged up in early trading on Wednesday, supported by a weaker dollar, but U.S. crude futures remained below $40 per barrel and Brent was below $42 as ongoing fuel oversupply and stuttering economic growth weighed on markets. West Texas Intermediate crude futures were trading at $39.77 per barrel at 0350 GMT, up 26 cents from their last...

  • SINGAPORE, Aug 3- Oil prices edged up early on Wednesday, supported by a weaker dollar, but U.S. crude futures remained below $40 per barrel and Brent was below $42 as ongoing fuel oversupply and stuttering economic growth weighed on markets. West Texas Intermediate crude futures were trading at $39.63 per barrel at 0027 GMT, up 12 cents from their last settlement...

  • Aug 2- A Husky Energy Inc oil spill into a major Canadian river on July 20 was the third in the same area in eight months, government records showed, and could put new pressure on the province of Saskatchewan's energy regulator to improve its monitoring of pipelines. "In some ways, the oil industry in Saskatchewan has been given a free pass by the province," said Emily...

  • More than 1,570 barrels of heavy oil and diluent leaked from Husky's Saskatchewan Gathering System pipeline on July 21, flowing into the North Saskatchewan River. Municipalities including the cities of Prince Albert and North Battleford have stopped drawing drinking water from the river, and using other sources temporarily. "Prince Albert... we'll talk with...

  • A Shell Oil facility in Carson, California

    ClipperData's Matt Smith, who forecast oil prices would fall to $40 a barrel in June, now sees crude falling further.

  • China Refineries

    Platts' Senior Analyst Yen Ling Song shares her outlook for China's teapot refineries.

  • *Simple European refiners begin run cuts of up to 5 pct. LONDON, July 29- Energy companies' lifeline during the rout in oil prices- refining and downstream- has withered but the fall in margins is hardly a surprise for European refiners, which are turning again to survival strategies honed during the tough years. "Last year was the best year on record for European...

  • July 27- California's power grid operator issued an alert urging consumers to conserve electricity on Wednesday as a heat wave baked the state, especially in the north. AccuWeather forecast that temperatures in San Jose, the third biggest city in California, would reach 93 degrees Fahrenheit on Wednesday and 89 on Thursday after hitting 94 on Tuesday.

  • WINNIPEG/ CALGARY, July 26- An oil spill into a major Canadian river from a Husky Energy Inc pipeline started late on July 20, but flows were not shut down until the following morning, the company said on Tuesday. Husky's incident report, released by the Saskatchewan government, said the leak started on July 20 at 8 p.m. CST in the western province.

  • WINNIPEG/ CALGARY, July 26- An oil spill into a major Canadian river from a Husky Energy Inc pipeline started last Wednesday evening and crews did not arrive on site until the following morning, the company said on Tuesday. Husky's incident report, released by the Saskatchewan government, said the leak into the North Saskatchewan River was discovered on June 20 at...

  • July 26- An oil spill into a major Canadian river from a Husky Energy Inc pipeline started last Wednesday evening and crews did not arrive on site until the following morning, the company said on Tuesday. Husky's incident report, released by the Saskatchewan government, said the leak into the North Saskatchewan River was discovered on June 20 at 8 p.m. local time in...

  • Workers secure drilling pipe sections on an oil drilling tower

    Huge stockpiles of fuel and teeming strategic Chinese crude inventories could send oil prices on one last, ugly slide lower, analysts tell CNBC.

  • The Eagle Ford crude oil tanker sails out of the the NuStar Energy dock at the Port of Corpus Christi in Corpus Christi, Texas.

    While much of the oil industry is bleeding from low prices and oversupply, one segment is getting a boost.