The OilSpot News by Telvent DTN
Monday, October 3, 2011 VOLUME 10 ISSUE 473  



ExxonMobil US Marine Affiliate to Build 2 Crude Carriers in Philadelphia
Gasoline Consumption in California in Q2 Slides 3.6% from Year Prior
ATA: For-Hire Truck Tonnage Index Dips 0.2% in August from July
DOT says Vehicle Miles Traveled in July Dropped 2.5% from Year Earlier
Veresen, Enbridge Developing N.D. Alliance Natural Gas Pipeline
DCP Midstream Seeks Shipper Interest in New NGL Pipeline
EIA says Nigeria, Angola helps to Offset Libyan Crude Supply Disruptions


US Retail Gasoline Average takes 9.2cts Plunge to $3.509 Gallon
US Retail Diesel Average Sinks 4.7cts on Week to $3.786 Gallon
Propane Supply Posts 800,000 Bbl Build Week-ended Sept. 23


Buckeye sets No.2 Oil Specs Starting April 2012 to Meet State Law
API Calls on EPA to Delay New Proposed Rules on Emissions
EPA OKs Canadian Request for Biomass as Biofuels Feedstock
CME Hires Morsches as Managing Director of Energy Business
3 NJ Gas Station Owners Charged with Illegal Price Hikes after Irene
Gevo Awarded $5 Million to Develop Cellulosic Jet Fuel
US Sues MotorScience after EPA Alleges Clean Air Act Violations


Economic Indicators


Weekly Rack Postings

COP Seeks Buyer for Trainer Refinery
Will Permanently Close Pennsylvania Plant in 6 Months if None Found

ConocoPhillips announced last week that it is seeking a buyer for its refinery in Trainer, Pennsylvania, and, if none is found, will permanently close the plant in six months. The oil major, which cited poor economics for processing oil at the refinery for the past several years, has already begun to idle operations.

The sale of the 185,000 bpd refinery and associated pipelines and terminals was announced by ConocoPhillips, an international, integrated energy company operating in more than 30 countries and based in Houston, in a Sept. 27 news release.


[FULL STORY]
 

Unlocking Stranded Crude Oil
Enterprise, Enbridge to Build Cushing-to-Gulf Coast Pipeline

Sourced from Wikipedia

Enterprise Products Partners and Enbridge Inc. plan to design, construct, and operate a new pipeline to transport crude oil from Cushing, Oklahoma to the Texas Gulf Coast refining complex, the companies announced in a Sept. 29 news release. The pipeline is expected to be in service by mid-2013.

Enterprise and Enbridge also announced a binding open commitment period for available capacity on the new pipeline, which begins today and runs to Nov. 2.


[FULL STORY]
 

Asia Drives LNG Demand
Fitch says Global LNG Prices Impacted by Decline in US Imports

Oil-linked natural gas prices in Europe and Asia are now significantly higher than gas prices in the United States due to increased production in the U.S., according to a report released Sept. 28 by Fitch Ratings.

The rapid increase in U.S. domestic liquid natural gas production has weakened anticipated LNG import demand in the U.S. and led to significant amounts of LNG being sold to Europe under short-term sales arrangements.


[FULL STORY]
 


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