Energy Markets Reporter
Selam's Feed
May 15, 2014

Pipeline breaks, spills crude oil into Los Angeles neighborhood

LOS ANGELES/NEW YORK (Reuters) – A malfunction at an oil pipeline pump station spewed crude as high as 40 feet over an industrial area of Los Angeles on Thursday, covering an open lot and the roof of a strip club beside it, and sickening people at a nearby medical building.

The spill was 10,000 gallons and covered a half-mile area, according to Captain Jamie Moore of the Los Angeles Fire Department. The pipeline runs from the San Joaquin Valley in California to Long Beach, Moore said.

Apr 5, 2014

Exclusive: Enbridge first to confirm re-exports of Canadian crude via U.S.

NEW YORK (Reuters) – Enbridge Inc (ENB.TO: Quote, Profile, Research, Stock Buzz) has become the first company to confirm plans to re-export Canadian oil from the United States, a move that could fuel debate over U.S. trade policy and intensify opposition to new oil sands pipelines.

Its U.S. subsidiary Tidal Energy Marketing has received a U.S. government license to export “limited quantities” of Canadian-origin oil from a U.S. port, Enbridge said, confirming weeks of market rumors and speculation about such shipments. Market sources say they expect the first 40,000-tonne cargoes to set sail from Texas ports to Europe later in April.

Apr 5, 2014

Enbridge first to confirm re-exports of Canadian crude via U.S.

NEW YORK (Reuters) – Enbridge Inc (ENB.TO: Quote, Profile, Research) has become the first company to confirm plans to re-export Canadian oil from the United States, a move that could fuel debate over U.S. trade policy and intensify opposition to new oil sands pipelines.

Its U.S. subsidiary Tidal Energy Marketing has received a U.S. government license to export “limited quantities” of Canadian-origin oil from a U.S. port, Enbridge said, confirming weeks of market rumours and speculation about such shipments. Market sources say they expect the first 40,000-tonne cargoes to set sail from Texas ports to Europe later in April.

Apr 4, 2014

Exclusive: Enbridge plans to re-export Canadian oil via United States

NEW YORK (Reuters) – Enbridge Inc (ENB.TO: Quote, Profile, Research, Stock Buzz) has obtained a license to re-export Canadian oil from the United States, becoming the first company to publicly confirm a move that could fuel debate over U.S. trade policy and oil sands pipelines.

U.S. subsidiary Tidal Energy Marketing has a license to export “limited quantities” of Canadian-origin oil from a U.S. port, Enbridge said, confirming weeks of market rumors and speculation about such shipments. Market sources say they expect the first cargoes to sail for Europe later in April.

Apr 4, 2014

Enbridge plans to re-export Canadian oil via United States

NEW YORK (Reuters) – Enbridge Inc (ENB.TO: Quote, Profile, Research) has obtained a license to re-export Canadian oil from the United States, becoming the first company to publicly confirm a move that could fuel debate over U.S. trade policy and oil sands pipelines.

U.S. subsidiary Tidal Energy Marketing has a license to export “limited quantities” of Canadian-origin oil from a U.S. port, Enbridge said, confirming weeks of market rumours and speculation about such shipments. Market sources say they expect the first cargoes to sail for Europe later in April.

Apr 2, 2014

Enbridge says Alberta Clipper expansion online by July 2015

NEW YORK, April 2 (Reuters) – Two expansion projects on
Enbridge Energy partners’ Alberta Clipper pipeline will
be delayed until July 2015, company president Mark Maki said in
an interview with Reuters on Wednesday.

Enbridge is working through a supplemental environmental
review with the U.S. Department of State that will amend an
initial document the company had submitted, Maki said.

Mar 31, 2014

Pipe explodes at LNG unit in Washington state, storage tank leaks

March 31 (Reuters) – A pipeline within a liquefied natural
gas facility exploded in a rural area of Washington state on
Monday and emergency workers scrambled to minimize the risk of
further blasts from a leaking storage tank.

Shrapnel from the explosion within the Williams Companies
Inc facility caused a leak in one of two LNG storage
tanks at the site near Plymouth in southeastern Washington, said
Joe Lusignan, a spokesman for the Benton County Sheriff’s
office. One worker was injured in the blast.

Mar 20, 2014

Americans choose savings at the pump over oil exports: Reuters/Ipsos poll

NEW YORK (Reuters) – The number of Americans who believe U.S. oil should be kept on U.S. soil to lower gasoline prices rose in the last four months, according to a new Reuters/Ipsos poll.

Some 77 percent of respondents support export restrictions if that will help them save at the pump, showing how oil producers have failed to gain popular support to end a decades-old export ban. Only 69 percent thought so in a similar poll in November.

Mar 20, 2014

Americans choose savings at the pump over oil exports

NEW YORK, March 20 (Reuters) – The number of Americans who
believe U.S. oil should be kept on U.S. soil to lower gasoline
prices rose in the last four months, according to a new
Reuters/Ipsos poll.

Some 77 percent of respondents support export restrictions
if that will help them save at the pump, showing how oil
producers have failed to gain popular support to end a
decades-old export ban. Only 69 percent thought so in a similar
poll in November.

Mar 14, 2014

SPR or not, Russian oil sales to U.S. already on the way out

NEW YORK, March 13 (Reuters) – A test sale from the U.S.
emergency oil reserve on Friday may or may not be a subtle
warning to Russia, but it will have little effect on U.S.
imports from the world’s biggest producer, which will likely
slow to a trickle this year.

The Department of Energy will take bids later on Friday to
sell 5 million barrels of sour crude from the nation’s Strategic
Petroleum Reserves, to be released from salt dome caverns in
Texas and Louisiana.