Properties have 31 million boe of proved plus probable reserves Pengrowth Energy Corporation announced it entered into a sale of its remaining Swan Hills assets in North Central Alberta for total cash consideration of $150 million, according to a press release. When combined with the approximate $18 million deposit from the initial sales process which […]
Pengrowth sells remaining Swan Hills properties for $150 Million Read More »
Oil prices up as refineries put squeeze on supplies in the Gulf On Wednesday oil prices rose on strong global refining margins and the restarting of US Gulf Coast refineries shuttered during the onslaught of Hurricane Harvey. With Category 5 storm Hurricane Irma hot on Harvey’s trail, traders remain concerned that the storm could knock
Oil prices up as refineries restart after Harvey, traders wary of Hurricane Irma Read More »
Oil prices up as OPEC signals supply deal may be extended Oil prices rose and gasoline futures fell by about 3 per cent on Tuesday as US Gulf Coast refineries impacted by Hurricane Harvey gradually restart, boosting crude demand and easing fuel supply fears. US WTI was up by $1.32 to $48.61/barrel by 2:03 p.m.
Oil prices up, gasoline futures down on Houston refineries restart Read More »
Backwardation in gasoline narrowing as tankers head from Europe to bring relief fuel By John Kemp Hedge funds turned bearish towards U.S. crude while boosting bullish positions in gasoline and heating oil in the final week of Aug., anticipating major disruption to U.S. refineries as a result of Hurricane Harvey. Hedge fund operators responded in
Hedge funds anticipate hurricane disruption to U.S. refineries: Kemp Read More »
Oil prices flat despite OPEC production drop As some refineries shut down by Hurricane Harvey began to restart on Friday, oil prices fell slightly in trading and gasoline futures were down. Brent crude was down by 20 cents to $52.66/barrel by 12:33 p.m. EDT and US WTI fell by 9 cents to $47.14/barrel. On Thursday,
Oil prices dip, gasoline futures down as some refineries restart Read More »
Oil prices rise Thursday, but steep monthly loss expected Oil prices took a healthy jump on Thursday, rising almost 3 per cent and gasoline futures soared 10 per cent as almost one-quarter of US refining capacity remains offline. US WTI crude futures recovered some early-week losses. By 5:55 p.m. EDT, WTI was up $1.27 to
Oil prices up, gasoline jumps on Gulf Coast refinery woes Read More »
Oil prices down slightly, gas futures up 5 per cent Since making landfall last weekend, Hurricane Harvey has force the closure of nearly one quarter of the refining capacity of the United States, causing a surge in gasoline prices and a drop in oil prices. Gasoline futures rose to another two-year high on Wednesday. As
Oil prices drop, gasoline surges, Harvey wallops US refining Read More »
Oil prices down as demand falls on refinery shut downs UPDATE: Reuters is reporting that Motiva Enterprises is shuttering its 603,000 b/d refinery in Port Arthur, the largest in the United States. Heavy rains and flooding due to Hurricane Harvey have forced a number of US Gulf Coast refineries to shutdown operations, resulting in a
Oil prices hit by Hurricane Harvey Read More »
Oil prices fall despite disruption in Libyan production of nearly 400,000 b/d Massive flooding on the US Gulf Coast caused by Hurricane Harvey has forced the closure of a number of refineries in the area, boosting gasoline prices and pummelling oil prices, specifically US crude oil futures. As of 1:17 p.m. EDT, US WTI was down
Hurricane Harvey drops oil prices down, boosts gasoline Read More »
Oil prices up slightly on Friday Oil prices rose on Friday on a falling US dollar, declining rig count and concerns over Hurricane Harvey’s impact on US Gulf Coast refining and oil operations. By 1:47 p.m. EDT, Brent crude was up 14 cents to $52.18/barrel and US WTI rose by 26 cents to $47.69/barrel. Hurricane
Oil prices rise on falling US dollar, rig count and Hurricane Harvey shutdowns Read More »
