The OilSpot News by DTN
Monday, August 24, 2009 VOLUME 8 ISSUE 366  



DOT says Vehicle Mileage Driven in June Climbs 2% vs. Year Ago
Bankruptcy Court Approves Sale of Crescent Oil Assets
Rentech Inks Ground Services Renewable Fuel Deal at LAX
Kwik Pik Named Stalking Horse Bidder in Uni-Marts Auction
DTZ to Manage Shell’s North American, Asia Pacific Sites
OPEC Exports seen Lower in Early September although Compliance Slipping


US Retail Gasoline Average Dips 1cts from Near 2-Month High
On-Highway US Diesel Average Up 2.7cts to $2.652 Gal
US Propane Stockpiles Up 300,000 Bbl Week-ended Aug. 14


Cross-Border Scrutiny for ICE Futures after CFTC-FSA Deal
Initial Rules for Massachusetts Biofuels Law Spark Outcry
DOT Proposes Fine for Sunoco Pipeline for 2008 Accident in Pennsylvania
NPRA Elects Valero’s Bill Klesse as Association Chairman
ACE Elects 4 New Board Members, Re-elects 2 Others
Fuel Distributor Fined for Port of L.A.Storm Water Breach
CFTC Seeks Public Comments on Carbon Trade in Chicago


Economic Indicators


Weekly Rack Postings

Fuel Demand Decline Slows
API says US Oil Demand in July Down 3% against 2008

Domestic petroleum deliveries, a measure of demand, totaled 19.0 million bpd in July, a decline of 3.0 percent versus the corresponding 2008 period and “about half the average rate of decline during the first half of 2009,” the American Petroleum Institute reported last week in its latest Monthly Statistical Report.

“The data are consistent with reports that the economic downturn may be flattening out,” said Ron Planting, manager, information and analysis for the API. “However, U.S. oil demand is still significantly below where it was a year ago.

Gasoline deliveries for the month reviewed edged up 0.8 percent to 9.223 million bpd, while distillate fuel oil deliveries, including diesel fuel, marked their first month in almost two years without a significant dip. At 3.695 million bpd, the data showed distillate fuel oil deliveries edged up 0.2 percent versus July 2008.


[FULL STORY]
 

Opposition to Climate Bill Grows
API, NPRA Join Dozens of Other Stakeholders in Energy Citizens

US Senator Henry A. Waxman, D-Calif, Energy and Commerce Committee Chairman

The American Petroleum Institute and the National Petrochemical and Refiners Association are just two of 160 organizations and companies that have joined Energy Citizens, a lobbyist group calling on congress to reject climate change policies that could raise energy costs or cause job losses.

The alliance is a manifestation of growing opposition to the Waxman-Markey bill, which proposes a cap-and-trade program for greenhouse gases in order to address climate change. The bill was passed by the House of Representatives and awaits a Senate vote.

About 15 of Energy Citizens’ participating organizations are oil and gas groups.


[FULL STORY]
 



When do you expect the US to exit recession?
We did this summer
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