Keystone XL approval could require upgrades to Cushing’s storage, takeaway systems

The Canadian oil the Keystone XL would carry is a dense, high-sulfur oil known as heavy sour crude. Most of the oil produced in Oklahoma and the central United States region is a less dense, lower-sulfur oil known as light, sweet crude. Refiners use a blend of oils, but the large, Gulf Coast refineries …

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UPDATE 1-Saudi Aramco, SABIC plan to build $20 bln <b>oil</b>-to-chemicals complex

The project, which the partners said would be the largest crude-to-chemicals facility in the world, is a sign that the Saudi government plans to spend heavily on diversifying the economy beyond crude oil exports. Private sector investment has slowed in the last few years because of low oil prices and …

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Aramco, Sabic Sign Pact for $20 Billion <b>Oil</b>-to-Chemicals Project

Saudi Arabia is prioritizing a more diverse output of petrochemicals to help wean its economy away from crude. Aramco, known formally as Saudi Arabian Oil Co., and Sabic want to produce chemicals that are used in plastics to tap growing consumer-goods markets, particularly in Asia, and to make …

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Aramco, Sabic partner for <b>crude</b> to chemicals complex

The COTC complex is expected to process 400,000 barrels per day of crude oil, which will produce approximately nine million tons of chemicals and base … “Once completed, this project will not only be the largest crude oil to chemicals complex in the world, it will also set a new competitive threshold …

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<b>Crude Oil</b> Prices – Weekly Outlook: Nov. 27 – Dec. 1

Investing.com – Crude oil prices finished higher in an abbreviated session on Friday, with the U.S. benchmark surging to its best level since July 2015, as the shutdown at North America's Keystone pipeline continued to cut deliveries to storage facilities. U.S. West Texas Intermediate (WTI) crude futures …

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Leftovers

The MLP Index finished 0.6% lower this week, recovering a bit after setting a fresh MLP Index closing low for the year on Tuesday at 257.1. MLPs seemed to take positive cues from Keystone XL's approval early in the week, then seemed to be negatively impacted Friday by FERC's ruling on crude oil …

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Expectations Mount For Longer <b>Oil</b> Output Curb Ahead Of Vienna Meeting

VIENNA (Alliance News) – Oil exporters are signalling that they want to throttle the flow of oil longer than originally planned. … Currently, the grouping adheres to a plan that took 1.8 million bpd of crude oil out of the markets, compared to 2016 levels – a policy that was designed to reduce high global …

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Forex Forecast: Pairs in Focus

Last week, I saw the best possible trades for the coming week as long GBP/USD, short AUD/USD, and long of Crude Oil in U.S. Dollar terms. The individual results were mixed, but the overall result was extremely positive, as the GBP/USD currency pair rose by 0.94%, the AUD/USD currency pair rose by …

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Nigeria ought to have developed with <b>oil</b> money – NNPC GMD

According to him, “steady but volatile flow of hard currencies accrued from crude oil took our attention away from agriculture and solid minerals development; as a result, our people, by circumstances they had never chosen, began a journey of necessity, from rural to urban areas in search of better …

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‘Trump Talks Too Much’: Iran Shrugs Off <b>Oil</b> Boycott Threat

Iran has denounced a potential boycott of the country'ss crude oil recently floated by U.S. President Donald Trump, slamming the statements as illegal …

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