Canadian pipeline company Enbridge (NYSE: ENB) is in the hot seat for an oil spill from a ruptured line in southern Michigan. Crews in Marshall, Mich., are still working to clean up contaminated…
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 been in…
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 barrels/day to…
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 $1.5-$1.8 billion.…
Increasing numbers of mutual funds have performances tied to huge investments in Apple (NASDAQ: AAPL). (Reuters) Tim Cook, Apple’s CEO, is in China to address production labor problems. (Reuters) The European Union…
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 the Wall…
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 said Transcanada…
US stocks opened mixed this morning, with the Nasdaq opening lower than both the DJIA and the S&P 500. The Nasdaq briefly crossed into positive territory this morning, but has traded lower…
We are entering into the last waves of the normalized quarterly earnings reports for companies with December 31 quarter-end dates, and we are entering the first waves of the earnings reports from…
The latest delay to a US decision on whether or not to allow the Keystone XL pipeline project has shifted attention to two other proposed pipelines that would carry bitumen from the…
Traders started off this morning on a bit of a selling spree, but for most of the morning the indexes were roughly flat. In the afternoon, however, selling picked up and all…
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 direction, pushed…
These are some of Thursday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls. Autodesk Inc. (NASDAQ: ADSK) Raised to Buy with $47 target at Argus. Carnival Inc. (NYSE: CCL)…
In 2010, US refineries took delivery of about 5.4 billion barrels of crude oil. Of that total, more than 50%, 2.8 billion barrels, arrived at the refineries by pipeline. The US petroleum…
A decision is expected by the end of this year from the US State Department on whether or not the US will allow the Keystone XL pipeline to be built. TransCanada Corp.…
