API Data show Gasoline Supply Rise 4.31 mb include Diesel and Heating Oil
Gasoline supplies rose 4.31 million barrels, the API data showed. They are projected to increase 2.35 million barrels in the government report, according to the survey. Distillate inventories, a category that includes diesel and heating oil, fell 900,000 barrels compared with an estimate for a 1.38 million barrel gain. The API collects stockpile information on [...]
Tags:diesel price 2012, gasoline 2012 per barrel, gasoline supplies, gasoline weekly, heating oil 2012 Gas | January 19, 2012
Oil Futures Advance 1.2 percent after Crude Inventories Slid in January 2012
Oil futures advanced as much as 1.2 percent after the American Petroleum Institute said crude inventories slid the most in six weeks in the seven days ended Jan. 13. Brent oil for March settlement advanced 69 cents, or 0.6 percent, to $111.35 a barrel on the London-based ICE Futures Europe exchange. The European benchmark contract’s [...]
Tags:american petroleum 2012, crude inventories, new york oil market, oil futures, oil prices 2012 Oil | January 19, 2012
Provident Energy Asset Natural Gas Sold to Pembina Pipeline
Oil and gas pipeline operator Pembina Pipeline Corp, agreed to buy Provident Energy Ltd. (PVE) for C$3.2 billion ($3.1 billion) to add natural gas liquids assets. The transaction will create one of Canada’s largest publicly traded energy-infrastructure companies by adding Provident’s natural gas liquids extraction, storage and transportation services to Pembina’s 7,500 kilometer- (4,661 mile-) [...]