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Shell Midstream Offers Mars Sour Crude Storage

2020-05-08 16:19:00| OGI

Offshore producers keep pumping as heavier crude outperforms light in the market.

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$42/Bbl Crude Oil Price in a Month? Heres How it Could Happen

2020-05-07 15:54:22| OGI

After dipping into negative territory for the first time ever in April, crude oil prices could be headed toward $42/bbl.

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Enbridge Makes Deal to Store Canadian Crude in Mainline as Oil Glut Grows

2020-05-05 15:49:28| OGI

Mainline pipeline moves about 3 MMbbl/d of western Canadian oil.

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Guyana Has No Plans to Cut Crude Output Despite Price Drop

2020-05-04 21:58:51| OGI

Mark Bynoe, the director of the Department of Energy, said the countrys crude production averages between 75,000-80,000 barrels per day (bbl/d) and is expected to ramp up to 120,000 bbl/d by early June.

Tags: price plans cut drop

 

Oil Posts Double-digit Gains after US Crude Storage Build Slows

2020-04-29 21:30:00| OGI

U.S. WTI crude futures settled at $15.06/bbl, jumping $2.72, or 22%. Brent crude futures settled at $22.54/bbl, up $2.08, or 10.2%.

Tags: posts build storage oil

 

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