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US Crude Oil Stockpiles Plunge to Lowest Since March 2020

2021-01-27 18:05:00| OGI

The decline was the result of a sharp falloff in imports and a 2.3 million-barrel drawdown in oil stockpiles at the Cushing delivery hub for crude futures in Oklahoma.

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Magellan, Enterprise to Develop Houston Crude Oil Futures Contract

2021-01-22 11:15:00| OGI

Quality specifications will be consistent with WTI crude oil originating from the Permian Basin, with delivery capabilities at either Magellan's East Houston terminal or Enterprise's ECHO terminal.

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Report: US Crude Oil Stockpiles Tumble Last Week

2021-01-06 18:50:00| OGI

Crude oil inventories in the U.S. fell by 8 million barrels in the week to Jan. 1 to 485.5 million barrels, their biggest decline since August, exceeding analysts' expectations.

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Cambodia Starts First Crude Oil Production after Years of Delays

2020-12-29 11:30:00| OGI

Cambodia has begun extracting its first crude oil from fields in the Gulf of Thailand, in a venture between Singapore's KrisEnergy Ltd. and the government, both parties said on Dec. 29, bringing an end to years of delays.

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Blueknight Energy Partners to Sell Crude Oil Business for $162 Million

2020-12-23 15:39:17| OGI

Blueknight Energy Partners LP has entered into multiple definitive agreements on Dec. 21 to sell its crude oil terminalling, pipeline, and trucking business segments for approximately $162 million in total cash consideration, including estimated crude oil linefill and inventory.

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