NEW YORK Illinois regulators on Thursday unanimously rejected a request by environmental groups to delay a decision on Energy Transfer LP's Dakota Access Pipeline expansion due to the coronavirus pandemic.
NEW YORK, June 4 Illinois regulators on Thursday
unanimously rejected a request by environmental groups to delay
a decision on Energy Transfer LP's Dakota Access Pipeline
expansion due to the coronavirus pandemic.
NEW YORK Oil prices climbed by more than $1 a barrel on Tuesday on hopes that major crude producers will agree to extend output cuts during a video conference expected to be held this week and as countries and U.S. states begin to reopen after coronavirus lockdowns.
NEW YORK The closing of a $252 million sale of the Philadelphia Energy Solutions (PES) oil refinery to a Chicago-based real estate developer has been delayed, a city official and source with knowledge of the agreement said on Friday.
NEW YORK Oil prices soared on Friday, with U.S. futures closing out May with record monthly gains, on hopes that the U.S.-China trade deal would remain intact and on falling crude production.
NEW YORK Oil prices rose on Tuesday after OPEC's de facto leader, Saudi Arabia, said it would increase supply curbs in June, while other members of the oil-producing group said they want to extend the deep cuts reached in April for a longer period than originally agreed.
Energy Transfer LP is slashing at least $400 million from its 2020 capital spending budget to $3.6 billion and will consider doubling the cuts after losses caused by oil prices driven lower by the coronavirus pandemic, company officials said on Monday.
NEW YORK Shell Midstream Partners said on Thursday it is offering storage in its Mars Sour crude cavern on the U.S. Gulf Coast, as offshore producers are not cutting output like onshore shale drillers despite the oil price downturn caused by the coronavirus pandemic.
NEW YORK Oil was up 3% on Monday as more countries announced they would begin easing coronavirus lockdowns and as crude supply cuts by the world's top producing nations and companies take hold.