The OilSpot News by Telvent DTN
Monday, October 10, 2011 VOLUME 10 ISSUE 474  



Tesoro Eyes Fall to Begin Expansion at North Dakota Refinery
Savage Starts Ops at New Multi-User El Dorado Railport
Susser Holdings Acquires Wholesale Fuel Contracts in Texas
Enterprise Starts Open Commitment for Texas NGL Pipeline
Greenleaf Closes on Full Funding for Connecticut Biodiesel Plant
CME Daily Energy Trade Volume Slides 4% on Year in September
NGL Energy Expands Propane Retail Assets in Northeast with Osterman


US Retail Gasoline Average Falls 7.6cts to $3.433 Gallon
US Retail Diesel Average Slides 3.7cts to $3.749 Gallon
Propane Supply Builds 1.3 Million Bbl Week-ended Sept. 30


NAS: US Unlikely to Meet Biofuel Mandates under RFS2 by 2022
NPRA to Become American Fuel & Petrochemical Manufacturers
Hess, Global Receive Additional Contracts for NEHHOR Supply
Senate Open Fuels Standard seeks 50% Flex Fuel Vehicles by 2015
Clean Green Fuel Owner Charged with Fraudulent RINs Sales
ANSI OKs API’s Standards Program after Audit Revisions
Woodside Renamed 2012 RFA Chairman; Officers Re-elected


Economic Indicators


Weekly Rack Postings

A Summer Review
Retail Gasoline Prices Swayed by Refinery Work and Weak Demand

Regular grade gasoline prices in the United States declined quickly in June before rebounding moderately in July and August to a level on Labor Day that was 12cts gallon below the Memorial Day price point, according to the Energy Information’s summer gasoline price review posted online early last week.

EIA said this price pattern differed from that of recent years when gasoline prices were stable for the first half of the summer before declining late in the summer, with the Labor Day average 17cts gallon below that seen on Memorial Day.


[FULL STORY]
 

Adjusting to Markets
Enbridge to Expand One Crude Pipeline, Reverse Another with Two Projects

Enbridge Inc. and Enbridge Energy Partners, L.P. announced in an Oct. 3 news release two pipeline projects that will provide increased access to refineries in the U.S. upper Midwest and in Ontario, Canada, for light crude oil produced in western Canada and the United States.

The first project involves the expansion of Enbridge Energy Partners’ Line 5 light crude line between Superior, Wisconsin and Sarnia, Ontario, by 50,000 bpd. The cost of the project is approximately $100 million.


[FULL STORY]
 

Ending Government Spending
OECD, IEA says Terminating Fossil Fuel Subsidies would Raise Revenue

An analysis by the Organization for Economic Cooperation and Development and the International Energy Agency released Oct. 4 said ending subsidies for fossil fuels “would raise national revenues and reduce greenhouse-gas emissions.”

A news release announcing the study said that governments and taxpayers spent roughly $500 billion in 2010 supporting the production and consumption of fossil fuels.


[FULL STORY]
 


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