Crude traded near $50 a barrel in New York before U.S. government data on inventory levels in the world’s biggest oil consumer.
The flood of oil inundating the U.S. Midwest is about to cascade down to the Gulf Coast.
President Barack Obama said a decision on whether to approve the Keystone XL pipeline is possible in weeks or months.
Export restrictions, a boon to refiners, hurt oil producers, Hamm said Feb. 27 in an interview on CNBC.
Proceeds will be used to repay indebtedness, which may include amounts outstanding under the partnership’s commercial paper program and credit facility.
Obama said the U.S. should focus on “American infrastructure for American jobs for American producers.”
In the application, the companies requested authorization to export up to 440 billion cubic feet (Bcf) per year of U.S. natural gas to Canada.
Proceeds will be used to pay capital costs for the construction of the first four liquefaction trains at Sabine Pass' facility in Cameron Parish, La.
Canada is developing a proposal as part of United Nations-sponsored talks aimed at cutting carbon emissions that governments were encouraged to submit by next month.
Proceeds will be used for general partnership purposes and to repay borrowings outstanding under its revolving credit facility, if any, and its commercial paper program.
The project is among several proposals to tap into ample supplies of gas from shale rock in the U.S. to meet demand from Japan, South Korea and other LNG importers.
Alaska Republican Senator Lisa Murkowski said the Obama administration’s restrictions on oil production in her state threatens to dry up supplies that could flow through the trans-Alaska pipeline.