Permian Crude Supply Takes a Hit from Winter Storm Fern
Winter Storm Fern, one of the strongest Arctic fronts in decades, pushed through the Lower 48 the last week of…
Crude Oil Edge
KMI, Phillips 66 Eye California Demand as Western Gateway Advances
California’s demand for refined products is in the spotlight after Phillips 66 (PSX) and Kinder Morgan (KMI) launched a second…
Canadian Barrels Face Most Risk from Venezuela Rebound
Is the US intervention in Venezuela bullish or bearish for energy? Oil prices have gyrated wildly since the US seized…
Recent WTI Decline Risks Permian Production Outlook
Crude oil prices plumbed new depths in mid-December, capping off a challenging year for producers. WTI prices reached a threshold…
Bridger Reaps Gains as Double H Closes to Crude Service
Crude markets have lost the services of Kinder Morgan’s (KMI) Double H Pipeline, which suits the True Companies just fine.…
Enbridge, ET Team on Project to Backfill DAPL Crude
Enbridge (ENB) and Energy Transfer (ET) are working together on a project to move Canadian crude oil through the Dakota…
Sinclair Proposes Rockies Route to Fill Western Products Shortfall
HF Sinclair (DINO) has thrown its hat in the ring to meet a looming refined products shortfall in California and…
Enbridge Advances Mainline Expansion as Canadian Exports Fill System
Enbridge (ENB) has reached a final investment decision (FID) on its $1.4B Mainline Optimization Phase 1 (MLO1) project. The initiative…
SM Energy-Civitas Merger Creates Top 10 US Oil Producer
SM Energy (SM) and Civitas Resources (CIVI) will merge in a $12.8B deal including debt, creating a formidable E&P company…
Competition Heats Up to Ship Refined Products West
Phillips 66 (PSX) and Kinder Morgan (KMI) have launched an open season for the Western Gateway Pipeline, the latest salvo…