HONG KONG--(Marketwire - June 15, 2011) - Today, www.WorldStreetFundamentals.com released its industry report highlighting Kinder Morgan Energy Partners, L.P. (NYSE: KMP) and Enterprise Products Partners L.P. (NYSE: EPD). Full fundamental and technical analysis is available at www.WorldStreetFundamentals.com/Reports.php.
With the disruption of exports from Libya and unrest in the Middle East and North Africa, crude oil continues to trend upward. The recent disaster in Japan has fueled further volatility, as Japan is the world's third largest consumer and the second largest importer. As of March, the U.S. Energy Information Administration (EIA) estimated that global oil demand expanded by 2.85% in 2010 and sees demand growth of 1.70% in 2011 and 1.94% in 2012. Reflecting new OPEC capacity additions, the EIA estimated that global oil supply increased by 2.5% in 2010 and forecast supply growth of 1.12% in 2011 and 2.49% in 2012.
World Street Fundamentals has highlighted Kinder Morgan Energy Partners, L.P. as a pipeline transportation and energy storage company in North America. KMP owns an interest in approximately 28,000 miles of pipelines and 180 terminals. On June 13th 2011 it was announced that the company has acquired a newly constructed petroleum coke terminal in Port Arthur, Texas, for approximately $67 million from TGS Development Group. KMP will operate the facility, which recently expanded Port Arthur refinery. The entire report on Kinder Morgan Energy Partners, L.P. (NYSE: KMP) is available here: www.WorldStreetFundamentals.com/ViewFullReport.245.php.
World Street has featured Enterprise Products Partners L.P. as a midstream energy company providing a range of services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, refined products and certain petrochemicals. EPD announced on June 14th 2011, that Mark A. Hurley, senior vice president, Crude Oil and Offshore, of Enterprise's general partner, is scheduled to present at the Wells Fargo Crude Oil Infrastructure Forum in Houston. The entire report on Enterprise Products Partners L.P. (NYSE: EPD) is available here: www.WorldStreetFundamentals.com/ViewFullReport.138.php.
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