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WTI Midland Crude Returns To Positive Territory

2019-08-06 16:49:07| OGI

Traders react to expectations that Plains All Americans Cactus II pipeline will be in service soon.

Tags: positive returns territory crude

 

Continental Resources Profit Falls 20% On Weak Crude Prices

2019-08-06 01:52:48| OGI

U.S. oil producer Continental Resources Inc reported a 19.7% fall in quarterly adjusted profit on Aug. 5 as weaker crude and natural gas prices more than offset a rise in overall production.

Tags: resources prices falls profit

 
 

Census: Crude Exports Rise To Monthly Record In June

2019-08-05 16:54:14| OGI

South Korea passes Canada as the top importer of U.S. oil; China is No. 3.

Tags: june record monthly rise

 

Saudi Arabia Cuts September Crude Oil Prices To Asia

2019-08-04 14:45:49| OGI

Saudi Arabia has cut its September price for its Arab Light grade for Asian customers by 75 cents/bbl versus August to a premium of $1.70/bbl to the Oman/Dubai average, state oil company Aramco said on Aug. 4.

Tags: september prices asia oil

 

SCM Crude, LLC Announces Binding Open Season

2019-08-02 17:26:54| OGI

The crude oil gathering and transportation project will be constructed and operated by SCM across multiple segments spanning from various tank battery receipt points in Eddy and Lea Counties, New Mexico, to SCMs Wink Terminal and Orla Terminal, with interconnects to certain takeaway pipelines, including pipelines with direct, long-haul transportation to the Midland, Texas area and the Corpus Christi, Texas area.

Tags: open llc season binding

 

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