The OilSpot News by Telvent DTN
Monday, January 30, 2012 VOLUME 10 ISSUE 489  



Europe’s Petroplus Holdings Announces Insolvency Filing
ATA: Truck Tonnage Index Posts Largest Annual Gain in 13 Years
DOT: Vehicle Miles Traveled in November Down 0.9% on Year
Magellan Fixes, Investigates Iowa City Terminal Fuel Mix Up
Magellan Launches Open Seasons for W.Texas Crude Shipments
7-Eleven to Acquire 55 Sam’s Mart Stores in Carolinas
2011 Biodiesel Production Exceeds One Billion Gallon Mark


US Retail Gasoline Average Slips 0.2cts after 5 Weekly Gains
US Retail Diesel Average Dips 0.6cts to $3.848 Gallon
Home Heating Oil Average Down 1.4cts at $3.938 Gallon
Propane Supply Drawn Down 2.4 Million Bbl Week-ended Jan.20


CARB to Appeal Denial of Request to Stay LCFS Injunction
EPA Determines Palm Oil Biodiesel Not Qualified Under RFS
Stillwater: Keystone XL would Streamline Cdn Crude Delivery
With New Joint Venture, POET to Decline DOE Loan Guarantee
West Virginia Governor to Sign Bill Promoting Ethane Cracker Build
NPRA Becomes American Fuel & Petrochemical Manufacturers
USW: Time Needed to Ensure Keystone XL Good for US Workers


Economic Indicators


Weekly Rack Postings

Homegrown Energy Supply
EIA Projects Increasing Levels of Domestic Energy to Reduce Imports

Increased domestic production in crude, natural gas and renewable fuels added to more efficient energy use throughout the economy that, coupled, translates into a reduction in the reliance on imported energy, the Energy Information Administration said early last week.
 
The EIA released its Annual Energy Outlook 2012 reference case at a Jan. 23 press conference hosted by Howard Gruenspecht, EIA administrator. The updated projections are for U.S. energy markets from 2010 through 2035.

[FULL STORY]
 

Pumping Up the Volume
Sinclair’s Wyoming Refinery Expansion, Enhancement Complete

Sinclair Oil Corp. in a Jan. 24 news release said it has completed the expansion and de-bottlenecking of its Wyoming Refinery. The plant is now processing crude at a rate in excess of 80,000 bpd compared with an average 53,000 bpd processing rate for the past three years.
 
“Years ago we set course to broaden the capability and reach of the Sinclair Refinery. We have anticipated and looked forward to this day when we can greatly expand gasoline and diesel supply to consumers throughout the vast interior of the Intermountain West,” said Ross Matthews, CEO for Sinclair Oil.
 

[FULL STORY]
 

Crude Distinctions
EIA says Shifts in Crude Acquisition Cost Redraw Refining Map

Sourced from Wikipedia
Shifts in regional crude acquisition activity is helping to redraw the U.S. refining map, according to This Week in Petroleum, published Jan. 25 by the Energy Information Administration.
 
The rise in midcontinent North American crude production since 2010 has not benefited all U.S. refiners and consumers equally. In some cases, lower crude acquisition costs have been reflected in consumer prices while in others refiners are capturing higher profit margins. Several refiners with higher profit margins are expanding and upgrading capacity. At the opposite end of the reshuffle, refiners have been idling capacity which could leave local consumers with higher product costs.

[FULL STORY]
 


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