The first US pipeline to carry crude oil from the hub at Cushing, Oklahoma, to the US Gulf Coast will begin to be filled this weekend. The Seaway pipeline has ... Read Full Story »
The major US stock indexes opened slightly lower this morning and continued drifting lower all day. The Chicago PMI report got the day started on the wrong foot, showing a ... Read Full Story »
The development of the Canadian oil sands is expected to increase the amount of crude oil produced at the Alberta oil sands from its current level of about 1.6 million ... Read Full Story »
Markets opened higher this morning following a lower-than-expected GDP growth estimate of 2.2%. That was weaker, but not awful (our coverage here). The consumer sentiment survey rose a couple of ... Read Full Story »
Oneok Partners LP (NYSE: OKS) this morning announced that it plans to build a 1,300-mile pipeline from the Bakken shale in North Dakota to Cushing, Oklahoma, at a cost of ... Read Full Story »
The Keystone XL Pipeline, a political football between environmentalists and oil firms that want to move more crude from Canada to the coast of Texas has a rival. According to ... Read Full Story »
Today in Cushing, Oklahoma, President Obama said that his administration would get moving right now on the southern portion of the Keystone XL pipeline from Cushing to the Gulf Coast: ... Read Full Story »
In a presentation yesterday to investors, Valero Energy Corp. (NYSE: VLO) CEO Bill Klesse said that stagnant demand for refined products in the US would be replaced by foreign demand ... Read Full Story »
The proposed 1,700-mile Keystone XL pipeline will not make the US more energy independent nor will it lower gasoline prices. If anything, the pipeline from western Canada’s oil sands to ... Read Full Story »
When President Obama killed the application from TransCanada Corp. (NYSE: TRP) to build the 1,700-mile Keystone XL pipeline, the move did not kill the idea of the pipeline. The president ... Read Full Story »
Yahoo! (NASDAQ: YHOO) is in patent talks with Facebook. The portal claims that the social network has used some of its intellectual property without permission or license fees. Yahoo!’s claims are ... Read Full Story »
Yahoo! (NASDAQ: YHOO) threatens a patent suit against Facebook, citing a number of violations. (Reuters) TransCanada (NYSE: TRP) cuts the length of its Keystone XL pipeline in the hopes of ... Read Full Story »
Just before Congress left town for the holiday, it passed and President Obama signed a bill to extend payroll tax cuts for two months. The bill included a provision demanding ... Read Full Story »
Now that the US House of Representatives has approved (if unwillingly) the Senate bill providing a two-month extension to lower payroll taxes and extend unemployment benefits, the bill goes to ... Read Full Story »
The announcement from Enbridge Inc. (NYSE: ENB) that it would acquire the 50% stake in the Seaway pipeline system owned by ConocoPhillips Corp. (NYSE: COP) and reverse the pipeline's flow ... Read Full Story »