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Tag Archives: light crude

Analysis – End of easy money for mini-refineries splitting U.S. shale?

Analysis – End of easy money for mini-refiners splitting U.S. shale?

HOUSTON – Energy companies and oil trading firms that teamed up to build several mini-refineries that convert a swelling surplus of ultra-light U.S. crude into fuels for export seemed like a pretty safe investment bet for a while. The bet was built on several converging dynamics: an ever-rising supply of condensate; a U.S. refining system built to run heavier crudes; and ...

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Mexico gets final permission for US crude oil imports

MEXICO CITY — The U.S. has given Mexico final permission to import about 75,000 barrels of light crude per day from north of the border. In return, Mexico will send heavier crude to U.S. Gulf coast refineries. The permit applies for one year. Mexico’s state-owned Pemex oil company said Wednesday the arrangement will allow better logistics and refinery use, and ...

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Pemex receives U.S. oil swap license, but for less than planned

MEXICO CITY – State oil firm Pemex said on Wednesday it had received a license from the United States to import U.S. light crude in exchange for exports of Mexico’s heavier crude oil for the first time, albeit with a lower ceiling than originally planned. The terms of the year-long license will allow Pemex’s commercial arm, P.M.I. Comercio Internacional, to ...

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Bakken and Canadian crude trade higher on pipeline approval

Prices for North Dakota Bakken crude and Canadian light synthetic crude scheduled for November delivery strengthened last week after Enbridge was granted approval to open its Line 9 crude pipeline, according to Reuters. It is currently unclear when the pipeline will begin operations, but traders reported a growing demand for light crude in preparation of the line going online within ...

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Kinder Morgan says Freedom Pipeline project is gaining refiner interest

HOUSTON – Kinder Morgan Inc’s <KMI.N> proposed Freedom Pipeline, which would move West Texas crude oil to Southern California, is “getting more interest” from U.S. West Coast refiners, the head of the company’s natural gas pipeline unit told analysts on Wednesday. Unit President Tom Martin said the company “may have a shot” at moving ahead with converting a natural gas ...

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Rail industry unsure if meeting proposed regulations is feasible

Zach Koppang | Shale Plays Media In the wake of multiple train derailments carrying volatile light crude oil, sometimes resulting in devastating explosions, the U.S. Department of Transportation is asking industry groups and tank car owners to comment on the proposed regulations within 60 days according to a report by The Denver Post. The regulations could possibly remove thousands of ...

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Export expansion precedes proliferation of pipelines


Shane Thielges | Shale Plays Media A bevy of new pipeline transport projects have been announced following a statement by the Obama Administration relaxing regulations on petroleum product exports. The proposed transportation lines would carry crude oil and natural gas from shale plays to be processed and shipped to various markets, especially ports along the Gulf Coast. The large number ...

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