Valero Energy Corp took a crude unit out of production at its 325,000 barrel-per-day-total-throughput Port Arthur, Texas, refinery due to a Friday night fire in a heat exchanger. For full story, click here
Barrel prices were pushed gently northward in early trading on Monday, as a confluence of factors threatened supply and made it an attractive alternative investment. The dollar’s decline relative to the euro increased anti-inflation hedging activities in commodities.
Enterprise Products Partners L.P. established a JV with Teppco Partners and Oiltanking Holding Americas Inc. to build and operate a crude oil port offshore Texas and an associated 160-mile pipeline system. For more information, click here For Enterprise’s website, click here
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