Oil & Gas

West Texas Pipeline To Resume On Schedule After Spill

Energy Transfer Partners LP said on Oct. 15 that a West Texas pipeline would resume operations on Oct. 20 as planned after the pipeline spilled water with nontoxic green dye and residual crude oil near Abilene, Texas. The spill, which began mid-day Oct. 14, went into Button Willow Creek and then int ...

October 15, Charts

Global equity markets fell sharply last week; Canadian oil price diffs are hitting record highs; US crude oil production hit a record high in July ...

Tallgrass, Silver Creek Expand Powder River Basin JV

Tallgrass Energy LP (NYSE: TGE) said Oct. 15 it had expanded its joint venture (JV) with private-equity-backed Silver Creek Midstream LLC in the growing Powder River Basin. Tallgrass and Silver Creek formed the JV in February 2018 to develop the Iron Horse pipeline to transport crude oil from the Po ...

Offshore Drillers Eye Recovery By 2020

Battered oil and gas drilling companies are finally seeing piecemeal signs that the prices they charge for offshore rigs are bottoming out with Brent crude selling for more than $80 per barrel and some are forecasting a full turn in the market by 2020. At the depths of a global slide that took oil b ...

USD/CAD – Canadian dollar higher on stronger business optimism

The Canadian dollar has posted gains in the Tuesday session. Currently, USD/CAD is trading at 1.2950, down 0.31% on the day. On the release front, Canadian Foreign Securities was dismal, with a gain of just C$2.82 billion. This was much smaller than the estimate of C$10.05 billion. In the U.S, ther ...

Canada’s Best Rewards Credit Cards 2018

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EUR/USD – Euro shrugs off dismal German ZEW Economic Sentiment

EUR/USD is steady in the Tuesday session, after posting slight gains to start the week. Currently, the pair is trading at 1.1579, unchanged on the day. On the release front, German ZEW Economic Sentiment plunged to a level of -24.7, well below the estimate of -12.3 points. Eurozone ZEW Economic Se ...

Markets stable for now but risks pile up

Saudi in the spotlight as lies start to unravel Investors may not be feeling particularly comfortable yet but we are seeing some welcome stability in the markets on Tuesday, with Europe posting small gains following a mixed session in Asia overnight. US futures are also pointing a little higher whi ...

Utilities Investing Locally In Appalachian Basin

Given the large number of pipelines that have been built in the past decade to transport natural gas and liquids from the Marcellus and Utica shales to other parts of the country, specifically the Gulf Coast end-use markets and the large Northeast power generation markets, you might think there’s ...

Mexico's Lopez Obrador Pushes Big Oil To Hurry, But Offers Little

At his first meeting with foreign oil majors, Mexico's leftist president-elect pushed the companies to prove themselves by quickly pumping oil from recent finds, sources said, but gave no sign of offering up new fields to reverse dwindling output. ...