Thread: Oil Slick Stuff

37662[/ATTACH]]CLJ6 Future Quote - Crude Oil - Electronic Apr 2016 Future Price Today (CLJ6:NMN) - MarketWatch

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EIA Petroleum Status Report

Released On 3/23/2016 10:30:00 AM For wk3/18, 2016 Prior Actual Crude oil inventories (weekly change) 1.3 M barrels 9.4 M barrels Gasoline (weekly change) -0.7 M barrels -4.6 M barrels Distillates (weekly change) -1.1 M barrels 0.9 M barrels

Highlights Oil inventories continue to bloat to new record levels, rising by a large 9.4 million barrels to 532.5 million in the March 18 week. Total motor gasoline inventories decreased by 4.6 million barrels, drawn down by strong demand, with the 4-week average product supply of 9.4 million barrels per day up by 7 percent on from the same period last year. Inventories of distillates rose slightly by 0.9 million barrels during the latest week, as demand by industry for distillate fuel products remains weak, averaging 3.6 million barrels over the last four weeks, down 8 percent from a year ago.

Definition The Energy Information Administration (EIA) provides weekly information on petroleum inventories in the U.S., whether produced here or abroad. The level of inventories helps determine prices for petroleum products. Why Investors Care

Economic Calendar - Bloomberg

Stocks go nowhere as oil dips to $35
Stocks go nowhere as oil dips to $35 - Yahoo Finance

TransCanada Shuts Keystone Pipeline

Source: Wall Street Journal

TransCanada Corp. said Monday that it had shut down its Keystone oil pipeline due to a possible leak in South Dakota.

Workers found signs of oil on a small patch of ground about 4 miles from the company’s Freeman pump station after the incident was reported Saturday, the Canadian pipeline operator said in a statement.

TransCanada said regulators have been notified and that the company is cooperating with those agencies on the investigation. It said no significant environmental impact has been observed.

The pipeline will remain shut while the investigation is under way.

<more>

Read more: TransCanada Shuts Keystone Pipeline - WSJ

That's a lot better than a train full getting in a wreck in your town!

E10 averaging $1.83 a gallon in Boiled Peanut GA!

Keystone Pipeline Spill Nearly 100 Times Bigger Than Originally Estimated

Nadia Prupis, Common Dreams | April 9, 2016

The oil spill that shut down a portion of the Keystone 1 pipeline in South Dakota last weekend is much bigger than initially estimated, TransCanada admitted on Thursday—almost 100 times bigger, in fact. The fossil fuel company said the “potential volume” of the spill in Freeman, discovered by a passerby on Saturday, was about 18,600 gallons, or 400 barrels. That estimate comes just days after TransCanada initially claimed the spill totaled about 187 gallons, or approximately 4.5 barrels. “The fact that the damage is even bigger than first reported proves there is no such thing as a safe pipeline,” Lindsay Meiman, communications coordinator for the climate group 350.org, told Common Dreams.

more: Keystone Pipeline Spill Nearly 100 Times Bigger Than Originally Estimated


A full week after discovery, and the pipeline company is not yet sure where the leak is coming from.

So, James+zip, what is the solution? No pipelines? Trains of tank cars haven't been exactly trouble free. Everyone drive a "zero mission" coal powered car? Is the electric power grid ready to support that without fossil fuel generated power? Thanks for reporting it. You love to report on where the fossil fuel industry screws up but rarely come up with a workable solution for the present.

PO

It seems that our Government thinks that higher energy prices are good for our economy.;swear
Video:
Oil prices touch their highest levels of the year
Oil prices touch their highest levels of the year - Yahoo Finance

World’s biggest oil producers meet to discuss possible freeze on production

Rare off-scheduled meeting between Opec and non-Opec suppliers will focus on what they can do to staunch the continued global surplus of crude oil
The world’s biggest oil producers will huddle in Doha on Sunday in a rare off-scheduled meeting where discussion about what they can do to staunch the continued global surplus of crude oil that’s weighed on prices for nearly two years.

Hopes that members in the Organization of Petroleum Exporting Countries cartel and non-Opec oil suppliers, mostly notably Russia, may agree to freeze production pushed crude oil prices to their highest levels this year ahead of a meeting between the two groups.
“It’s quite significant because meetings like these, not one of the planned two annual meetings that Opec tends to have, is clearly showing the nervousness within Opec and showing … an increased level of awareness within Opec to do something with this surplus,” said Abhishek Deshpande, lead oil market analyst with Natixis.[more]
World

37966[/ATTACH]]CLK6 Future Quote - Crude Oil - Electronic May 2016 Future Price Today (CLK6:NMN) - MarketWatch
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A big move this way comes ... and not just in the price of crude oil

• Here’s why Doha failed to deliver an oil deal
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• Saudi prince says country could unleash a million barrels of oil a day
• $30 oil ‘within days’ — what analysts see for the market after Doha talks fail