Oil prices hit their highest level in more than two years as OPEC+ agreed to maintain its production cut plans while demand projections continue to improve.
- The average retail price for gasoline in the U.S. jumped above $3 per gallon last week, the highest price since 2014.
- Memorial Day travel is expected to be 50% higher than the same weekend in 2020.
- California saw the highest prices at over $4 per gallon, while Texas saw the lowest at $2.72.
Market Movers
Pembina Pipeline (TSE: PPL) will acquire Inter Pipeline (TSE: IPL) in an $8.3 billion all-stock deal, creating one of the largest pipeline companies in Canada.
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5 May, 2021 Author Allison GoodKrizka Danielle Del Rosario
Major U.S. natural gas pipelines have 1.1 million Dth/d of firm transportation contracts scheduled to roll off during the second quarter, according to an analysis of S&P Global Market Intelligence data.
Stagecoach Pipeline & Storage Co. LLC could see nearly 7% of its contracted capacity roll off when a contract for 150,000 Dth/d of firm transportation ends June 30. Owners Crestwood Equity Partners LP and Consolidated Edison Inc. are in the process of selling the 185-mile system that sends Marcellus Shale gas to Northeastern markets, with Crestwood recently taking a $120 million impairment on its share of the asset to attract buyers. Stagecoach representatives had not responded to requests for comment on the expiring contract at the time of publication.
28.04.2021 - EPIC Midstream Holdings, LP (“EPIC” or “the Company”) today announced George Millas has joined EPIC as the Chief Commercial Officer effective April 19, 2021. He will report to Brian Freed, the Company’s Chief Executive Officer. “I am pleased to .
Crestwood Equity Partners LP (CEQP) Q1 2021 Earnings Call Transcript msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.