Sabina's Feed
Apr 8, 2014

Magellan shifts focus to crude oil pipelines

NEW YORK, April 8 (Reuters) – Magellan Midstream Partners
, the U.S. Midstream company with one of the longest
pipeline systems in the country, is shifting its focus to crude
oil with the majority of its capital spending earmarked for
crude line projects.

In a presentation made to investors on Tuesday, Magellan
said of the $950 million it plans to spend between 2014 and
2016, 80 percent will go to crude oil projects primarily in and
around Texas and its shale oil plays.

Apr 7, 2014

Oil futures drop on Libyan supply concerns, falling stock markets

NEW YORK, April 7 (Reuters) – U.S. oil futures dipped below
$100 on Monday, falling more than a dollar a barrel after stock
markets tumbled, with Brent crude prices losing even more on the
prospect of additional supplies from Libya.

Wall Street’s S&P 500 stock market index looked to be on
track for its biggest three-day drop in two months, pushed down
by shares of fast-growing industries, or momentum shares, and by
disappointment with U.S. jobs data issued on Friday.

Apr 2, 2014

Bakken crude breakeven prices as low as $58/bbl in 2014 -report

NEW YORK, April 2 (Reuters) – New efficient drilling
practices may drive breakeven rates in the best areas of the
Bakken shale oil play as low as $58 per barrel, Wood Mackenzie
said on Tuesday, far lower than the traditional $70 per barrel
figure frequently touted by analysts.

The fast adoption of multi-well pad drilling, or the ability
to drill several wells from one location, should reduce the
average cost per well to $7.5 million on average in 2014,
allowing companies to make more off each barrel of oil, Wood
Mackenzie analyst Jonathan Garret said.

Mar 18, 2014

Insight – In Ukraine, nationalists gain influence – and scrutiny

KIEV/WASHINGTON (Reuters) – When protest leaders in Ukraine helped oust a president widely seen as corrupt, they became heroes of the barricades. But as they take places in the country’s new government, some are facing uncomfortable questions about their own values and associations, not least alleged links to neo-fascist extremists.

Russia’s president Vladimir Putin claims Ukraine has fallen into the hands of far-right fascist groups, and some Western experts have also raised concerns about the influence of extremists. Yet many Ukrainians see the same groups as nationalist stalwarts and defenders of the country’s independence.

Mar 18, 2014

In Ukraine, nationalists gain influence – and scrutiny

KIEV/WASHINGTON (Reuters) – When protest leaders in Ukraine helped oust a president widely seen as corrupt, they became heroes of the barricades. But as they take places in the country’s new government, some are facing uncomfortable questions about their own values and associations, not least alleged links to neo-fascist extremists.

Russia’s president Vladimir Putin claims Ukraine has fallen into the hands of far-right fascist groups, and some Western experts have also raised concerns about the influence of extremists. Yet many Ukrainians see the same groups as nationalist stalwarts and defenders of the country’s independence.

Mar 7, 2014

Insight – In Ukraine, nationalists gain influence — and scrutiny

KIEV/WASHINGTON (Reuters) – When protest leaders in Ukraine helped oust a president widely seen as corrupt, they became heroes of the barricades. But as they take places in the country’s new government, some are facing uncomfortable questions about their own values and associations, not least alleged links to neo-fascist extremists.

Russia’s president Vladimir Putin claims Ukraine has fallen into the hands of far-right fascist groups, and some Western experts have also raised concerns about the influence of extremists. Yet many Ukrainians see the same groups as nationalist stalwarts and defenders of the country’s independence.

Mar 7, 2014

In Ukraine, nationalists gain influence – and scrutiny

KIEV/WASHINGTON (Reuters) – When protest leaders in Ukraine helped oust a president widely seen as corrupt, they became heroes of the barricades. But as they take places in the country’s new government, some are facing uncomfortable questions about their own values and associations, not least alleged links to neo-fascist extremists.

Russia’s president Vladimir Putin claims Ukraine has fallen into the hands of far-right fascist groups, and some Western experts have also raised concerns about the influence of extremists. Yet many Ukrainians see the same groups as nationalist stalwarts and defenders of the country’s independence.

Mar 1, 2014

At cradle of Revolution, doubts about Ukraine’s leadership

KIEV, Ukraine (Reuters) – In the place that made the revolution against ousted President Viktor Yanukovich, hundreds remain to defend its hopes.

As Ukraine’s new government confronted a grave crisis of security on Saturday night, however, there were doubts about the quality of the new leaders from the people who put them in power.

Feb 28, 2014

Ukraine’s central bank moves to protect hryvnia

KIEV, Feb 28 (Reuters) – Ukraine’s hryvnia rose on Friday
from historic lows after the central bank governor limited
access to foreign currencies and promised an investigation into
whether banks speculated too much in their currency trading.

The bank also banned non-deliverable forward contracts in
the currency market.

Dealers said the hryvnia was trading around 9.80-10.10 to
the dollar after weakening as far as 11.20-10.10 on Thursday.

Feb 13, 2014

Norfolk Southern train carrying crude oil derails in Pennsylvania

NEW YORK, Feb 13 (Reuters) – A Norfolk Southern Corp
train carrying crude oil derailed in Vandergrift in western
Pennsylvania on Thursday, the company confirmed.

There were as yet no reports of injuries or fire at the
scene, after twenty-one tank cars came off the track near an
industrial park, according to a local borough official.