The OilSpot News by Telvent DTN
Monday, October 24, 2011 VOLUME 10 ISSUE 476  



Japan’s Tsunami Exacts Toll on Liquid Fuels Consumption
Enterprise NGL Fractionator Starts Service at Mont Belvieu
IEA Chair says Global Energy Demand to Grow 1/3 by 2035
Targa Mulling Additional Mt. Belvieu Fractionation Capacity
NRC Closes on Sale of 30 Gas Stations, C-Stores in Florida
API: Q3 Oil Well Drilling Activity Up 16% versus Year Ago
EPD Starts Open Season for Proposed NGL Pipeline Expansion


US Retail Gasoline Average Climbs 5.9cts to $3.476 Gallon
US Retail Diesel Average Jumps 8.0cts to $3.801 Gallon
Home Heating Oil Average Up 8.6cts at $3.768 Gallon
Propane Stocks Build 1.0M Bbl Week-ended Oct.14


NEFI, PMAA Optimistic, Concerned about CFTC Position Rules
CME: Position Limits would Limit Opportunities for Manipulation
SEC Charges Former Tulsa CEO with Misleading Investors
N.Y. State Extends Tax Credit for Biodiesel in Heating Oil
Sen. McCain Shelves Ethanol Blender Pumps Ban Amendment
EPA Awards $50 Million for Clean Diesel Projects
API: Oil, Gas Industry Major Contributors to Reducing GHGs


Economic Indicators


Weekly Rack Postings

A Dictator’s Demise
What Gaddafi’s Death Means for Libya and the Oil Market

Sourced from Wikipedia

Thursday’s (10/20) death of former Libyan strongman Muammar Gaddafi was hailed by security and oil analysts who said, while it may have a small impact on how much oil is produced in Libya, it would probably improve security in the country as it represents a serious psychological blow to his fighters.

The National Transitional Council of Libya announced Thursday the capture and death of Gaddafi, a self-styled king-of-kings who ruled the North African country with an iron fist for 42 years until a popular uprising emerged in February as part of the Arab Spring.


[FULL STORY]
 

Dodd-Frank Takes Shape
As CFTC Approves Final Position Limit Rules for Commodities

U.S. Commodity Futures Trading Commission on Oct. 18 approved a rule to limit the amount of positions traders can take in energy, metals and agricultural commodities. Supporters argue the new rule would lower systemic trading risk but critics fear it would add to the cost of regulatory compliance for traders and potentially reduce liquidity in the futures and over-the-counter markets.

The five CFTC commissioners voted three to two, along party lines, in favor of the final position limits rulemaking after a long and at times contentious meeting last week. The vote, which had been postponed a few times in the past year, had been eagerly awaited.


[FULL STORY]
 

Petroleum Demand Up in September
API Chief Economist Links Greater Demand with Economic Improvement

At 19.9 million bpd, total petroleum deliveries, a measure of demand, rose 2.5% in September compared with the year prior period as U.S. consumer activity inched upwards and industrial activity strengthened, the American Petroleum Institute reported in its most recent Monthly Statistical Report released Friday (10/21).

The latest report from the Institute of Supply Management showed the Purchasing Manufacturers’ Index registering 51.5% in September, indicating a return to growth after contracting in August. The economic activity in the manufacturing sector expanded in September for the 26th consecutive month, according to ISM.


[FULL STORY]
 


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