New Permit for Bakken Pipeline Company
Bakken Pipeline Company LP operates as a subsidiary of Canada-based Enbridge Inc. The permit allows the company to construct and operate a 24-inch diameter pipeline...
Tag : crude oil
Guanella Comprehensive Area Plan approved by the Colorado Oil and Gas Conservation Commission
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PDC Energy, Inc. announced that the Colorado Oil and Gas Conservation Commission (COGCC) unanimously approved the Company’s Guanella Comprehensive Area Plan (CAP). Which encompasses approximately...
Why does the U.S. want to punish Saudi Arabia for the OPEC+ Cut?
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OPEC cuts crude oil production Firstly, despite repeated please from the U.S. that the Organization of the Petroleum Exporting Countries (OPEC), under the leadership of...
Oil from strategic reserve in U.S. falls
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Oil reserve gets the lowest level since 2002 Oil reserve decreased by about 2.4 million barrels; as a result, the current volume, which stood at...
Oil could reach $90 per barrel by year’s end; Goldman Sachs
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Oil prices could reach $90 per barrel by year’s end, said the global bank, Goldman Sachs. According to a Reuters report, the bank estimates that...
Oil reaches $86 per barrel but falls later; $90 per barrel forecast for 2022
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Oil reached a three-year high record this Thursday, reaching $86 per barrel driven by tight supplies and the global energy crisis. However, they plunged later...
Crude oil keeps rally and jumps to multi-year highs
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Crude oil has risen further this week, reaching multi-year high records, as the energy crisis grips major economies and the market still operates with tight...
DOE to sell 10 M barrels from the Strategic Petroleum Reserve
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The Department of Energy (DOE) is about to sell 10 million barrels of crude oil from the Strategic Petroleum Reserve, it announced this Thursday. Firstly,...
Oil near $60 a barrel; on highest point in a year
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Crude oil prices reached their highest point in a year, and closed near to $60 a barrel supported by hopes of economic growth and the...
Oil prices will be stable almost all of 2021: Reuters
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Oil prices will remain stable for almost all of 2021, according to a Reuters poll; stabilized demand, vaccine rollout and a sufficient reduction in stockpiles...