US Debt In The News -- Otherwise A Slow Beginning To The Day -- July 23, 2024

US debt:

• CNBC tried to get a scare headline out of the interview with CBO this morning; didn't get any "crisis" headline;
• now this, link here:

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Back to the Bakken

OKE: to expand pipeline capacity to meet growing demand at Denver International Airport. Link here.   

ONEOK Inc., Tulsa, Okla., plans to expand its pipeline capacity connecting Mid-Continent and Gulf Coast refined products supply with the greater Denver area to meet growing demand and increase connectivity with Denver International Airport.

The project—expected to cost $480 million and be completed in mid-2026—includes construction of a new 230-mile, 16-in. OD pipeline from Scott City, Kan., to DIA, and the addition or upgrading of certain pump stations along the existing refined products pipeline system, the company said in a release July 18.

Total system capacity will increase by 35,000 b/d and will have additional expansion capabilities.

WTI: $77.88.

Wednesday, July 24, 2024: 40 for the month; 40 for the quarter, 366 for the year
39968, conf, Petroshale, Primus 2TFH,
39636, conf, Hess, TI-State-158-95-3635H-2,

Tuesday, July 23, 2024: 38 for the month; 38 for the quarter, 364 for the year
39967, conf, Petroshale, Primus 2TF2H,

RBN Energy: how a slower energy transition might impact oil producers, refiners and consumers.

The last few years have been filled with often-spirited debate about the global energy transition and the move away from fossil fuels to fully embrace renewables and alternatives to keep the lights on, fuel vehicles and power the world’s economy. But there are a growing number of signs that a swift shift from petroleum is not realistic, which has implications in many areas, including which refinery expansion projects move forward (and where), when oil demand might peak, and which of the many forecasts for gasoline and distillate production will prove to be the most accurate. In today’s RBN blog, we discuss highlights from the new Future of Fuels report by RBN’s Refined Fuels Analytics (RFA) practice, including RFA’s expectations for how a slower transition might affect producers, refiners and consumers.