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After the incident, supply concerns reportedly helped push "oil prices 2% higher in early trading to nearly $54 a barrel. [15] On December 6, 2017, an Enterprise Products pipeline exploded around 1:30 am near Loving, in southeast New Mexico.
Oil prices bounced around quite a bit in 2024. They rallied more than 20% at one point -- topping $85 per barrel -- before cooling off toward the end of the year. Oil was recently below $70 a ...
Called the Falcon Ethane Pipeline, it will connect ethane sources in Houston, Pennsylvania, Scio, Ohio, and Cadiz, Ohio to the plant. [19] Construction on the pipeline began in March 2019. [20] Shell will also construct an 85,000-square-foot innovation center at the site of the plant, including labs, a "Center of Expertise", and an application ...
Mont Belvieu is a city in Chambers County in the U.S. state of Texas. It is just north of Interstate 10 along State Highway 146 . The population is currently 11,922 and was 7,654 at the 2020 census , an increase of nearly 100% from 3,835 in 2010. [ 5 ]
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When Gulf Oil decided to build a new chemicals plant in 1962, the company made the announcement at a Baytown Chamber of Commerce luncheon. Some 230 people attended a lunch on March 13, 1962 to hear Gulf Oil vice president Dr. Alexander Lewis Jr. discuss his company's plans for the 1,000 acres of prairieland just east of the town's center.
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