Philadelphia Energy Solutions Inc, the largest refiner on the U.S. East Coast, will not be taking any rail deliveries of North Dakota's Bakken crude oil in June, a source familiar with delivery schedules said on Tuesday—a sign that the impending start of the Dakota Access Pipeline is pending trade flows.
The United States has issued a presidential permit for TransCanada Corp's Keystone XL oil pipeline, the Canadian company said on Friday, ending a years-long battle between environmentalists and the industry over whether Washington should approve it.
The U.S. Army will grant the final permit for the controversial Dakota Access oil pipeline after an order from President Donald Trump to expedite the project despite opposition from Native American tribes and climate activists.
Crude oil prices plummet as OPEC bickers and the dollar rallies, but today the story that will grab attention is an explosion in the Colonial pipeline that will lead to higher gas prices and possible spot shortages along the East Coast. The explosion is on the same pipeline that was shut down a couple of months ago due to a pipeline leak.
Democratic Presidential Candidate Hillary Clinton announced that she opposed the construction of the XL Keystone Pipeline, which would carry more than 800,000 barrels of crude oil a day from Canada to the U.S. refinery network in the Gulf Coast.
The President has not made a decision on the Keystone pipeline proposal that has been waiting for an answer since 2008.
Who could have ever imagined that North America would surpass Saudi Arabia as the world’s largest producer of oil and natural gas liquids? A decade ago, that would have seemed laughable.
TransCanada Corp. dropped 3.7% to lead declines among energy companies after the U.S. State Department said it would delay a decision on whether to approve the Keystone XL pipeline.
A pipeline connecting Oklahoma storage with Gulf Coast refineries will be open sooner than expected.
Now that the U.S. government has cleared the Keystone XL project of any dire environmental impact, attention is returning to why the pipeline was needed in the first place: to get more Canadian oil to U.S. refineries.