The OilSpot News by Telvent DTN
Monday, September 19, 2011 VOLUME 10 ISSUE 471  

Goldman Sachs: Oil Market Tightens as Excess Supply is Absorbed
OPEC Shaves 150,000 Bpd off 2011 Global Oil Demand Outlook
KMP’s New Refined Products Line to Run from Louisiana to Mississippi
DOT: July Freight TSI Shipments Unchanged from Month Prior
Ceridian-UCLA PCI Down 1.4% in August amid the “New Normal”
Enbridge to Build Twin Pipeline on Part of Athabasca Line
Shell Pipeline considering Expansion of Crude Oil Pipeline

US Retail Gasoline Average Sheds 1.3cts to $3.661 Gallon
US Retail Diesel Average Dips 0.6cts to $3.862 Gallon
Propane Supply Climbs to 54.7 Million Bbl Week-Ended Sept. 9

DOE Reviewing Offers for Home Heating Oil Reserve amid Spec Transition
House Urges Senate to Take Action on Keystone XL Pipeline Bill
NACS Calls on EPA to Remove Stage II Vapor Requirements
Federal Report says BP Ultimately Responsible for GOM Well Disaster
ExxonMobil Silvertip Pipeline Repairs Underway in Montana
New York Starts Hydraulic Fracturing Public Comment Period
Asia Pacific Nations Pledge Clean Energy Transportation

Economic Indicators

Weekly Rack Postings

Low Oil Demand and High Prices?
IEA explains Oil Market’s Puzzling Paradox in Monthly Report

Market observers are puzzling over the contradictory factors of a weakening economy causing less demand for oil while global oil prices are hovering near $110 bbl, the International Energy Agency explained in its Monthly Oil Market report for September issued Sept. 13.

IEA points out that not everyone is paying $110 bbl and that heavily discounted crude in the U.S. Midwest are allowing refiners to enjoy bumper margins, “unlike their brethren in Europe and elsewhere.”


Telvent DTN Earns Recognition
Frost & Sullivan Praises Telvent DTN’s Terminal Automation

Telvent GIT, S.A., a leading real-time IT solutions and information provider for a sustainable world, announced Sept. 14 that Frost & Sullivan recognizes Telvent DTN with its 2011 North American Frost & Sullivan Award for Customer Value Enhancement based on its recent analysis of the terminal automation market for the oil and gas industry.

Terminal operations are a strategic arm of the oil and gas marketing value chain. Reliability, real-time data monitoring and control of terminals are required for owners to capitalize on market opportunities and increase revenues. Telvent DTN differentiates itself in the North American terminal automation market through user-friendly, critical features as well as unmatched customer service.


Economic Malaise Clouds Forecast
IEA Cuts Global Oil Demand Estimates on Lower GDP Outlook

Downgrades in global and developed countries’ Gross Domestic Product projections for this year and in 2012 prompted the International Energy Agency to cut its outlook for global oil demand for both years, explains the Paris-based energy watchdog in its Monthly Oil Market report for September released on Sept. 13.

“Our own GDP assumptions for 2011 and 2012 are this month scaled-back nearer to 4% annual growth, with the bulk of the downgrade focused on the [Organization for Economic Cooperation and Development] countries. Oil demand growth is trimmed as a result, now averaging 1.0 mb/d this year and 1.4 mb/d next,” said IEA.


Will the Federal Reserve announce further monetary easing policy akin to QE2 at its meeting this week?
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The OilSpot News from Telvent DTN
September 12, 2011
Vol. 10 Issue 470
The OilSpot News from Telvent DTN
September 6, 2011
Vol. 10 Issue 469
The OilSpot News from Telvent DTN
August 29, 2011
Vol. 10 Issue 468
The OilSpot News from Telvent DTN
August 22, 2011
Vol. 10 Issue 467
The OilSpot News from Telvent DTN
August 15, 2011
Vol. 10 Issue 466


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