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Crude Exports Boon Or Bust?

2015-12-30 12:56:33| Oil & Gas - Topix.net

On December 23, Enterprise Products Partners announced that the first cargo of US domestic light sweet was contracted to be loaded in January by Vitol taking 600,000 barrels of crude oil from the US to destinations yet unknown but rumored to be Europe. Within days of the end of the export ban, producers found a new market and now the Brent to WTI spread has shifted with WTI a premium to Brent for the 4th time this year .

Tags: exports crude bust boon

Indexes higher as crude prices recover slightly

2015-12-29 17:22:45| Oil & Gas - Topix.net

REUTERS: U.S. stock indexes were higher on Tuesday as a slight recovery in crude oil prices led to a surge in energy stocks. Crude prices edged up as colder weather entered Europe and North America, raising hopes of a short-term uptick in the tepid demand that has plagued the commodity this year.

Tags: prices higher slightly recover

Snow slows truck traffic in Permian, some crude output hit

2015-12-29 00:36:21| Oil & Gas - Topix.net

A snowstorm dumped around two feet of snow in parts of the Permian Basin in West Texas and New Mexico over the weekend, crimping some crude output and leaving roads dangerous for trucks heading to and from oil wells, forecasters and companies said on Monday. Snow had stopped accumulating by Monday afternoon but "travel continues to be impacted as most roads are slick and snow-covered," and some roads across southeastern New Mexico were still closed, according to a notice from the National Weather Service's Midland, Texas, office.

Tags: hit output traffic snow