Aaron Clark

Light Louisiana Sweet Weakens to Three-Year Low Against Brent

Light Louisiana Sweet’s discount to Brent oil widened to the largest margin since December 2008 as the first shipments of similar low-sulfur grades may begin arriving in Texas via the Seaway pipeline this month.

U.S. Gulf Oil Premiums Weaken as Seaway Pipeline Startup Nears

U.S. Gulf Coast oils weakened with the approach of the start of the planned Seaway pipeline reversal, which will move crude from Oklahoma to refineries in Texas.

Sweet Crude From Seaway Pipeline Offered in the U.S. Gulf

Low-sulfur oil delivered from the soon-to-be reversed Seaway pipeline is being offered in the U.S. Gulf Coast for June delivery.

Louisiana Sweet Oil Premiums Plunge as Brent-WTI Gap Narrows

Light and Heavy Louisiana sweet oil premiums weakened as the gap between West Texas Intermediate and Brent narrowed.

Nexen Says Buzzard Field Operates at 180,000 Barrels a Day

Nexen Inc. is nearing full production levels at its Buzzard field in the U.K. North Sea after an unscheduled shutdown.

U.S. Gulf Oils Gain as Brent-WTI Gap Widens on Cushing Build

U.S. Gulf Coast oils strengthened as the gap between West Texas Intermediate and Brent widened after the Energy Department reported record crude inventory levels in Cushing, Oklahoma.

Canadian Oils Weaken After Illinois Power Failure, Sarnia Work

Canadian oils weakened after power failed at Citgo Petroleum Corp.’s Illinois refinery and Imperial Oil Ltd. said a unit at its Sarnia, Ontario, plant was undergoing planned work.

Imperial Started Planned Maintenance at Sarnia Plant Yesterday

Imperial Oil Ltd began maintenance yesterday at its refinery and chemical plant in Sarnia, Ontario, according to a recorded message left on a community hot line.

Plains Says Basin Pipeline Expansion ‘Largely’ Completed

Plains All American Pipeline LP has mostly completed an expansion of a portion of its Basin pipeline system that moves oil from the Permian Basin region in west Texas and Southern New Mexico to Cushing, Oklahoma.

Enbridge, Enterprise Denied Market Rates on Seaway Pipeline

The U.S. Federal Energy Regulatory Commission denied Enterprise Product Partners LP and Enbridge Inc.’s request to set rates on the Seaway pipeline connecting an oil-storage hub in Oklahoma to U.S. Gulf Coast refineries.

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Merkel-Hollande Meeting Yields Greece Growth Signal

Boehner Demands Spending Cuts for Any Debt Limit Increase

Dow Falls to Four-Month Low as Greece Overshadows Economy

Apple Said to Plan Thinner Mac Laptops With Intel Chips

JPMorgan Said to Consider Clawing Back Bonuses After Loss