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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 Price Information Service (OPIS) is a price reporting agency which provides information that is used for commercial contracts and trade settlement related to petroleum, gasoline, diesel, ethanol, biodiesel, LP-gas, jet fuel, crude, natural gas, petrochemicals, recycled plastics, refinery feedstocks, residual fuel, and kerosene.
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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The ethane price risk associated with this deal is mitigated via the previously announced long-term agreement to supply NOVA Chemicals Corporation with up to 17,000 bpd of ethane and ethylene.
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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