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Cushing

(Shane Bevel/Bloomberg News)

Crude oil inventories fall again, but production jumps

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U.S. commercial stores of crude oil fell by another 2.8 million barrels to a total of 479.4 million barrels for the week ending May 22, according to data collected by the U.S. Energy Information Administration.
Pipelines run toward oil storage tanks stand at the Enbridge Inc. Cushing storage terminal in Cushing, Oklahoma, U.S., on Wednesday, March 25, 2015. (Daniel Acker/Bloomberg)

U.S. oil inventories rise by almost 2 million barrels, but below expectations

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Crude oil inventories across the U.S. posted another build last week, but the pace at which crude tanks are filling remained much slower than in weeks past. The oil markets shot up.
(Dmitry Beliakov/Bloomberg News)

Anadarko buys into Colorado-to-Cushing pipeline project

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The Woodlands-based firm said Wednesday it has purchased a 20-percent stake in the pipeline company building the 550-mile Saddlehorn pipe, which is expected to start piping oil from the DJ Basin to the oil hub in Cushing in the middle of next year.
Crude Oil Caps Biggest Weekly Increase In Two Years On Libya Unrest

Crude inventories at their highest level in decades after another build

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Total crude oil inventories now stand at 444.4 million barrels, a modern-era high.
Crude Oil Caps Biggest Weekly Increase In Two Years On Libya Unrest

US running out of room to store oil; price collapse next?

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If record production in the U.S. keeps up, storage tanks could approach their operational limits, known in the industry as “tank tops,” by mid-April and send the price of crude — and probably gasoline, too — plummeting.
Photographer: Daniel Acker/Bloomberg

Magellan Midstream and Plains All American plan crude line from Colorado

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Plains and Magellan indicated that the new line would be supported by binding commitments from producers Noble Energy and Anadarko Petroleum Corp.
Crude Oil Caps Biggest Weekly Increase In Two Years On Libya Unrest

Crude oil flowing into Cushing, Oklahoma, worth billions

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As oil prices have plummeted over the last several months, the U.S. Energy Information Administration said companies have stockpiled about 2.2 million barrels a week at Cushing.
Scott Sheffield, CEO of Pioneer Natural Resources, addresses the Permian Basin Chapter of Division Order Analysts during a luncheon Wednesday, Feb. 18, 2015 at the Petroleum Club.
James Durbin/Reporter-Telegram

Pioneer’s chairman and CEO: Exporting oil could equate to more jobs, production and investment

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Lifting the ban now would be less painful for consumers because if gasoline prices were to rise, the increase wouldn’t be as much, Scott Sheffield said.
Yellow oil barrels

Commentary: the US crude conundrum

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The current US oil market is in the midst of a slugfest reminiscent of a Rocky fight, as competing influences face off against one another, says Voices poster Matt Smith.. In one corner we have rising US shale oil production, while in the opposing corner we have a precipitously falling rig count.
(AP Photo/Hasan Jamali, File)

Oil price slides again as crude inventories rise

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Crude oil fell Wednesday after an unexpected build in crude oil inventories indicated a production slowdown may be further off than traders previously thought.