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News
Enbridge to Acquire Tallgrass Pipelines for $2.55B
3+ day, 23+ hour ago (504+ words) Enbridge Inc on Wednesday announced an agreement to buy Tallgrass Energy LP's crude oil business for $2.55 billion in cash. The acquisition includes a 75 percent stake in the Pony Express Pipeline, which carries up to about 460,000 barrels per day (bpd) of…...
Oil Gains as Refinery Demand Surges
3+ week, 4+ day ago (284+ words) Rigzone Oil rose to the highest in more than three weeks, as US refiners ramped up crude consumption and a spat between the United Arab Emirates and Iran heightened regional tensions Brent futures rose less than 1% to settle under $92 a…...