ONEOK to Build New Pipeline, Expand Capacity from Kansas to Denver
Tulsa-based ONEOK plans to build a new 230-mile,...
Tulsa-based ONEOK plans to build a new 230-mile, 16-inch refined products pipeline from western Kansas to the Denver International Airport.
The company said on July 18 that the pipeline is part of a $480 million project to expand capacity from the Midcontinent and Gulf Coast to the Greater Denver Area.
In addition to the pipeline, ONEOK plans to add or upgrade pump stations for the network, increasing the system’s total capacity by about 35,000 bbl/d. ONEOK plans to finish the project by mid-2026.
Benchmark U.S. crude oil for August delivery fell 3 cents to $82.82 per barrel Thursday. Brent crude for September delivery rose 3 cents to $85.11 per barrel.
Wholesale gasoline for August delivery rose 2 cents to $2.52 a gallon. August heating oilfell 1 centto $2.49 a gallon. August natural gasrose 9 cents to $2.13 per 1,000 cubic feet.
Dow finishes over 500 points lower while small-cap stocks retreat after surge
Stocks ended lower overall, with the blue-chip Dow and small-caps bearing...
Stocks ended lower overall, with the blue-chip Dow and small-caps bearing the brunt of the selling as equities saw overall declines.
Ten of the S&P 500's 11 sectors lost ground, with energy the lone holdout, up 0.3%. Tech stocks have retreated sharply in recent sessions, with investors streaming into previously left-behind areas of the market. That rotation wasn't in evidence Thursday as the market saw broad declines.
The Dow Jones Industrial Average ended with a loss of around 533 points, or 1.3%, near 40,665, after finishing at a record on Wednesday.
Government subsidies and strong investments put the US on track to increase its carbon capture capabilities by a factor of seven to 164 million tons per year by 2035, solidifying its global leadership, according to BloombergNEF. However, political uncertainty and delayed tax credit guidance have slowed the rate of expansion, with only 6 million tons of new CO2 capturing capacity proposed in the last six months.
LNG and natural gas prices in the EU are reportedly expected to weaken...
LNG and natural gas prices in the EU are reportedly expected to weaken as storage sites reach full capacity during the third quarter. However, the price decline may be constrained by a tight LNG market and the sensitivity of the European gas system to supply disruptions from Norway and the US, sources said.
