The OilSpot News by Telvent DTN
Monday, January 9, 2012 VOLUME 10 ISSUE 486  



Enterprise, Enbridge Start Open Season for Seaway Expansion
Petroplus: Negotiations with Lenders Ongoing while Credit Frozen
KMP Buys TransMontaigne’s 50% Stake in BOSTCO Project
Genesis Buys Pipeline Interests from Marathon for $205.9 Million
Enterprise, Genesis Energy to Build Oil Pipeline in GOM
Enterprise to Build Marcellus, Utica Shale Ethane Pipeline
Ferrellgas Acquires Texas-based Rio Grande Valley Gas


US Retail Gasoline Average Climbs 4.1cts to $3.299 Gallon
US Retail Diesel Average Eases 0.8cts to $3.783 Gallon
Home Heating Oil Average Up 1.2cts to $3.844 Gallon
Propane Supply Drawn Down 1.0 Million Bbl Week-ended Dec.30


Union wants Congressional Hearing on Refinery Closings in Pennsylvania
CARB Appeals Ruling Against Low Carbon Fuel Standard
API Urges Energy Be Part of 2012 Election Campaign Issues
EPA OKs Camelina as Feedstock under RFS2 for Biodiesel
NATSO Elects Darrin Flitton as Chairman of the Board
NTTC Names Monica Mastracco Manager of Member Relations


Economic Indicators


Weekly Rack Postings

Buyer Beware
Biodiesel RIN Fraud Pressuring Small Producer RIN Prices

 

Two biodiesel Renewable Identification Number fraud cases being investigated by the federal government are creating a 10cts spread in 2011 biodiesel RIN prices between those generated by small and large producers.

On Thursday (1/5), 2011 biodiesel RINs traded at $1.15 from small producers while at the same time trading at $1.25 for large biodiesel companies in a climate one trader described as RIN “paranoia.” Another trader said RIN validity concerns are “frustrating.”


[FULL STORY]
 

Upgrades at Utah Plant
HollyFrontier to Boost Capacity at Woods Cross Refinery

HollyFrontier Corp. in a Jan. 4 news release announced plans to expand capacity at its 31,000 bpd Woods Cross refinery in Utah to 45,000 bpd, with an expected completion date in late 2014.

According to the release, the expansion scope includes the relocation and revamp of crude, fluid catalytic cracking, and polymerization units from a subsidiary of Western Refining Inc.'s Bloomfield, New Mexico refinery to Woods Cross, as well as an expansion of the Woods Cross diesel hydrotreater and investment in associated utilities and offsites.


[FULL STORY]
 

Will Obama OK Pipeline?
60-day Clock Ticking on Decision for Keystone XL Pipeline
by Brian L. Milne

There’s a little more than 50 days remaining for a decision, or lack of one, regarding the approval or denial of the Keystone XL pipeline project put forward by Calgary-based TransCanada Pipeline more than three years ago.

Will President Barak Obama approve the project, with the decision he said now residing with him after he pulled it from the U.S. State Department, or will he deny it? There’s a third option, too, no decision, in which the project is green-lighted following legislation passed into law in the week leading up to Christmas.


[FULL STORY]
 


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