We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
Enterprise Products Partners LP | NYSE:EPD | NYSE | Trust |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.1699 | 0.60% | 28.2699 | 2,581 | 13:39:14 |
By Lynn Cook and Erin Ailworth
The first oil tanker of freely traded U.S. crude launched Thursday afternoon from the Port of Corpus Christi, about 160 miles north of the Texas border with Mexico.
ConocoPhillips Co. and NuStar Energy LP loaded the tanker with oil pumped from the Eagle Ford Shale of South Texas. The companies have skipped ahead of Enterprise Products Partners LP, which said last week that it expected to load the first oil export cargo in Houston during the first week of January.
President Barack Obama signed legislation lifting the long-standing ban on exporting U.S. oil less than two weeks ago. It was put into place during the mid-1970s in the wake of the Arab Oil Embargo, which caused fuel rationing and price spikes for American drivers.
Vitol Group, a Dutch oil-trading powerhouse, is buying the oil cargo, according to NuStar. Vitol also is buying the U.S. crude-oil cargo that will ship out of Houston during the first week of 2016. The company has a subsidiary that owns a refinery in Switzerland.
Write to Lynn Cook at lynn.cook@wsj.com and Erin Ailworth at Erin.Ailworth@wsj.com
(END) Dow Jones Newswires
December 31, 2015 17:53 ET (22:53 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
1 Year Enterprise Products Part... Chart |
1 Month Enterprise Products Part... Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions