MARKET WATCH: NYMEX crude oil rallies on lower US oil inventory

Light, sweet crude oil prices for August and September delivery made gains July 13 for the fourth consecutive trading session. Prices appeared to be holding steady on July 14 although the US benchmark slipped slightly in early trading. Source: News


EPP, Navigator plot Houston Ship Channel ethylene export terminal

Enterprise Products Partners LP (EPP), Houston, and Navigator Holdings Ltd., London, have entered a preliminary agreement to jointly develop an ethylene marine export terminal on the Houston Ship Channel (HSC). Source: News


IEA notes declining confidence in oil market

Brent crude oil prices have closed below $50/bbl each day since early June and few investors expect a recovery anytime soon, the International Energy Agency said in its July Oil Market Report (OMR). Source: News