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Oil Storage

Feb 11, 2016 at 07:46 | Source: Reuters
US West Texas Intermediate (WTI) crude futures were at USD 26.96 per barrel, down 49 cents and within a dollar of the USD 26.19 a barrel 2003 low from January.
Feb 04, 2016 at 14:24 | Source: Reuters
Strategic storage reserves are underground rock caverns used to store crude oil that can be used in case of a supply cut-off to a country.
Feb 01, 2016 at 21:38 | Source: PTI
India is building three underground storages at Mangalore and Vizag for use in contingencies like supply disruptions and abnormal spike in oil prices.
Dec 11, 2015 at 09:57 | Source: Reuters
The rout is a result of a huge overhang in production, which is seeing anywhere between half a million and 2 million barrels of crude oil being produced every day in excess of demand, and is fast filling onshore storage sites, which some analysts expect to run out in early 2016.
Sep 03, 2015 at 15:11 | Source: Reuters
A decision on the Mangalore site, which has total capacity of around 11 million barrels of oil, depends on Shell winning relief from local sales tax, the sources said, while commissioning has been pushed back by two months to December.
Mar 28, 2015 at 14:43 | Source: CNBC
The Goldman Sachs note, published late last week, adds that while it believes "the new equilibrium price for oil is USD 65 a barrel for WTI [West Texas Intermediate] and USD 70 a barrel for Brent, the risks are skewed to the downside."
Mar 14, 2015 at 15:12 | Source: CNBC-TV18
Watch the interview of Amrita Sen, Chief Oil Analyst at Energy Aspects with Nayantara Rai on CNBC-TV18, in which she shared her readings and outlook on crude.
Feb 26, 2015 at 08:27 | Source: CNBC
The supply build isn't helped by an oil market that's in contango, or when the "spot" price is lower than the price of the future contract. That makes it more profitable for traders to stick their oil in storage to sell at a higher price later.
Feb 04, 2015 at 09:37 | Source: Moneycontrol.com
U.S. inventory numbers are growing at a pace of a million barrels a day, and there's no sign of its slowing down, said Morse, global head of commodities research for Citi. That, in turn, is causing storage space to run low, and oil prices will go down to accommodate finding more expensive storage, he said
Jul 21, 2014 at 16:09 | Source: PTI
According to a recent government order, the committee which was set up to look on the issue of allocating stake in the gas project to Shell, has recommended the proposal. APGDC earlier tied up with the GDF Suez LNG UK Ltd by offering 26 per cent stake in the project.
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ICE Brent crude oil futures for January delivery settled almost three-quarters of a dollar lower at USD111.88 a barrel on Wednesday on expectations that demand will ease for the benchmark as a new pipeline extension bring more supplies to refiners in Texas from domestic-produced oil storage

5.58 PM Dec 5th 2013

MCX SHARE KHAN

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Wednesday on expectations that demand will ease for the benchmark as a new pipeline extension bring more supplies to refiners in Texas from domestic-produced oil storage facilities .

4.33 PM Dec 5th 2013

MCX SHARE KHAN

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Commodities  

ICE Brent crude oil futures for January delivery settled almost three-quarters of a dollar lower at USD111.88 a barrel on Wednesday on expectations that demand will ease for the benchmark as a new pipeline extension bring more supplies to refiners in Texas from domestic-produced oil storage

4.32 PM Dec 5th 2013

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CRUDEOIL  

Supplies at Cushing, Oklahoma, the biggest U.S. oil-storage hub and the delivery point for WTI futures, climbed by 358,000 barrels for a second weekly gain, according to the EIA. Supplies are at the highest level in six weeks.

11.24 AM Oct 25th 2013

abhamcx

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CRUDEOIL  

U.S. crude oil inventories rose by a more than expected 4 million barrels in the week ending Oct. 11 and increased at the Cushing oil storage hub for the first time since the end of June, data from the U.S. Energy Information Administration showed on Monday.

4.46 PM Oct 22nd 2013

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Source:NDTV Profit - New Delhi: India will build its first strategic oil storage by January in an effort to insulate itself from supply disruptions, Oil Minister M Veerappa Moily has said. India, which is 79 per cent dependent on imports to meet its crude oil needs, is

11.35 AM Sep 29th 2013

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Source:FirstPost - New Delhi: India will build its first strategic oil storage by January in an effort to insulate itself from supply disruptions, Oil Minister M Veerappa Moily said today.India, which is 79 percent dependent on imports to meet its crude oil needs, is building underground storages

6.00 PM Sep 27th 2013

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Andhra Pradesh  

Source:FirstPost - New Delhi: India will build its first strategic oil storage by January in an effort to insulate itself from supply disruptions, Oil Minister M Veerappa Moily said today.India, which is 79 percent dependent on imports to meet its crude oil needs, is building underground storages

6.00 PM Sep 27th 2013

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NATURALGAS  

the location. No release of chemicals or fracturing fluid at two sites that previously reported releases. Anadarko Petroleum 675 of 5,800 operated wells and 20 out of 3,200 miles of pipeline shut as of Tuesday. Some wells expected to return to service on Wednesday, subject to access, infrastructure. Oil

11.26 PM Sep 20th 2013

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today`s major global event 3.30 pm(eur) revised gdp(q/q), 6.45 pm (u.s.)nonfarm employment change 8.30 pm (u.s.) factory orders 9.00 pm(u.s.) crude oil storage data

12.47 PM Mar 6th 2013

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