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Keystone XL or Not, Canadian Crude Already Shipping Out From U.S

2014-11-21 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed

National Public Radio: Congress attempts to force approval of the Keystone XL pipeline have re-ignited debate over the project, which would allow more crude oil to flow from the tar sands of Canada to refineries on the Gulf Coast. Its also re-ignited debate over what could happen to that oil once it gets to Texas. President Obama and opponents of the pipeline say it will be used as a funnel to export Canadian crude to international markets. TransCanada, the company building the pipeline, has been unequivocal when...

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Brent crude steadies above $78 ahead of OPEC oil production meeting

2014-11-20 01:00:00| Offshore Technology

The price of Brent crude steadied above $78 a barrel on Thursday as the market awaits news of a possible oil production cut ahead of the Organization of the Petroleum Exporting Countries' (OPEC) meeting next week.

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Brent oil price drops towards $78 amid increase in Saudi Arabia crude exports

2014-11-19 01:00:00| Offshore Technology

The price of Brent crude oil dropped towards $78 a barrel today amid increased crude exports data from Saudi Arabia in September.

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Brent crude increases towards $80 ahead of OPEC meeting

2014-11-18 01:00:00| Offshore Technology

Brent crude increased to $80 a barrel today as struggling oil prices try to cope with ample supply concerns ahead of the Organization of the Petroleum Exporting Countries' (OPEC) meeting.

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Keystone Left Behind as Canadian Crude Pours Into U.S.: Energy

2014-11-15 00:09:20| Energy - Topix.net

Delays of the Keystone XL pipeline are providing little obstacle to Western Canadian oil producers getting their crude to the U.S. Gulf Coast, with shipments set to more than double next year. The volume of Canadian crude processed at Gulf Coast refineries could climb to more than 400,000 barrels a day in 2015 from 208,000 in August, according to Jackie Forrest, vice president of Calgary-based ARC Financial Corp. The increase comes as Enbridge Inc.'s Flanagan South and an expanded Seaway pipeline raise their capacity to ship oil by as much as 450,000 barrels a day.

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