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US lifts 40 year long export ban, approves limited crude exchange with Mexico

2015-08-18 01:00:00| Hydrocarbons Technology

US Department of Commerce has granted approval for limited crude oil trading with Mexico, lifting a four decade long ban.

Tags: with year long limited

 

Meritage Midstream Services Announces Construction Of Crude Oil And Natural Gas Infrastructure In Western Canada

2015-08-17 03:27:42| chemicalonline News Articles

Meritage Midstream Services (“Meritage”) announced recently that its Canadian affiliate, Meritage Midstream Services III, LP (“Meritage III”), has entered into definitive agreements with Canadian International Oil Corporation (“CIOC”) to build natural gas gathering

Tags: services canada natural construction

 
 

Long-Term Turmoil In Crude Oil Market Could Mean 'Back To The Future' Experience For Some In Petrochemical Industry, IHS Says

2015-08-17 02:49:25| chemicalonline News Articles

An extended recovery period for crude oil prices, exceeding five years, would have dramatic implications for the global petrochemical industry and could mean a “Back to the Future” experience for some companies and regions

Tags: back experience future market

 

Oil Majors' $60 Billion Cuts Don't Go Far Enough as Crude Slides

2015-08-14 07:21:12| Oil & Gas - Topix.net

The $60 billion of oil-industry spending cuts this year aren't likely to be enough to meet sacrosanct dividend commitments as crude languishes near a six-year low. The world's biggest producers will need to trim investments by a further $26 billion, according to Jefferies Group LLC. Capital spending will have to fall 10 percent next year, Banco Santander SA says.

Tags: oil billion cuts slides

 

US crude oil prices dip due to huge inventories

2015-08-14 01:00:00| Offshore Technology

US crude oil prices have dropped due to a huge pile-up of inventories and closure of refinery that added to concerns about oversupply and weak Asian economies.

Tags: due prices huge oil

 

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