U.S. Oil Glut Sending a Bad Omen to Europe’s Thriving Refiners
U.S. Oil Glut Sending a Bad Omen to Europe's Thriving Refiners

Friday, April 17, 2015 The biggest crude glut in the U.S. since the 1930s means one thing for European refiners.
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  Current Downstream Headlines

Outlook & Insights
Fuzzy Forecasts for the U.S. Energy-Exporting Future
(Thursday, April 16, 2015) Here's a fun juxtaposition for you.

COLUMN-U.S. Refineries Start to Absorb Surplus Crude Stocks
(Thursday, April 16, 2015) Refinery run rates normally begin to rise around now as maintenance ends and refineries come back online, but this year production is rising unusually early and fast.

Electric Cars Won't Spread Even with Rapid Chargers -Toyota Engineer
(Thursday, April 16, 2015) Battery-powered electric vehicles don't have a practical future as a long-range alternative to conventional cars even if technological breakthroughs allow them to be charged quickly, a top engineer at Toyota Motor Corp said on Thursday.

COLUMN-Iran's Tantalizing Oil Price
(Wednesday, April 15, 2015) Any easing of sanctions could have a major impact on oil and gas markets in the second half of the decade.

Canada Eager to Cooperate With U.S. on Emissions, Minister Says
(Tuesday, April 14, 2015) Canada is eager to expand cooperation with the U.S. on environmental standards for oil and natural gas and to work toward a global climate agreement, Natural Resources Minister Greg Rickford said.

Refining
U.S. Oil Glut Sending a Bad Omen to Europe's Thriving Refiners
(Friday, April 17, 2015) The biggest crude glut in the U.S. since the 1930s means one thing for European refiners.

Sasol Moves South Africans From Mozambique on Xenophobic Turmoil
(Friday, April 17, 2015) Sasol Ltd. will send home South African nationals working on projects in Mozambique after citizens of the gas-rich nation protested their presence following attacks on foreigners in the continent’s second-biggest economy.

Crude Price Back Above Break-even for Canada Oil Sands Producers
(Friday, April 17, 2015) Bolstered by a weak Canadian currency and robust demand from U.S. refiners, Canadian heavy oil prices have rebounded off first-quarter lows and surpassed the break-even point for most producers.

Mexican Crude Bargain Seen Souring in Asia as Impurity Found
(Thursday, April 16, 2015) A few months after snapping up the most heavily discounted Mexican oil in 20 years, Asian refiners are discovering some of these bargains may have been tainted.

Total to Halt Crude Refining Near Marseille, Bets on Biofuels
(Thursday, April 16, 2015) French oil major Total plans to halt crude refining at its loss-making La Mede site near Marseille by the end of next year, unveiling a much-awaited plan to adapt to declining demand for petroleum products in Europe.

Biofuels
Norway to Give More Time to Build New Renewable Plants
(Friday, April 17, 2015) Renewable power producers will have more time to build new plants to qualify for a subsidy in Norway under a common support scheme with Sweden, the Norwegian oil and energy ministry said on Friday.

French Farmers Warn of Crop, Job Losses as Total Turns to Biofuels
(Thursday, April 16, 2015) French oil major Total's plans to turn a loss-making refinery into a biodiesel plant using mainly recycled oils will cut rapeseed production by more than a quarter and result in job losses, growers warned on Thursday.

Biofuel Growth Hurt by Uncertain Pricing of Credits -Report
(Thursday, April 16, 2015) Restricting prices of biofuels credits is one reform of U.S. government's biofuels policy that could stimulate long-awaited growth of the advanced fuels industry, Columbia University's Center on Global Energy Policy said in a report on Thursday.

Strong Dollar Threatens U.S. Ethanol Exporter Gains Over Brazil
(Wednesday, April 15, 2015) The South Americans are winning sales in the Middle East and Asia, two growing markets.

U.S. Ethanol Plants Idle Earlier for Maintenance Due to Weak Margins
(Wednesday, April 15, 2015) U.S. ethanol production plants have idled for seasonal maintenance earlier this year than in 2014, as margins languish near break-even levels and inventories hover near 2012 highs, according to industry sources.

Petrochemical
Alibaba Helps Sinopec with Cloud Computing, Big Data
(Friday, April 17, 2015) The cooperation between Alibaba unit Aliyun and Sinopec would help upgrade some of the oil company's traditional petrochemical services, Sinopec said.

Saudi's Yansab to Shut Petchem Plants for Maintenance
(Thursday, April 16, 2015) Saudi Arabia's Yanbu National Petrochemical Co (Yansab) plans to shut its petrochemical complex this month for maintenance for 35 days, it said in a bourse filing on Thursday.

Developer: Ohio Ethane Cracker Still Economically Viable
(Monday, April 13, 2015) Despite diminished ethane feedstock advantage and higher projected cost, Ohio project still makes sense, says developer.

BASF to Ship 80,000 T Naphtha to Asia in Rare Move
(Monday, April 13, 2015) Petrochemical maker BASF is shipping some 80,000 tonnes of naphtha from Europe to Asia this week in a rare move, trade and shipping sources told Reuters.

Enterprise Launches Open Season for Additional Aegis Capacity
(Friday, April 10, 2015) Enterprise Products Partners L.P. has launched a supplemental binding open commitment period to determine shipper demand for incremental capacity being added on the Aegis pipeline between Mont Belvieu, Texas and the Napoleonville, Louisiana area.

Pipelines
TransCanada’s Pipeline Benefit Vows Fail to Sway Quebec’s Arcand
(Friday, April 17, 2015) Quebec wants more evidence from TransCanada Corp. that its Energy East pipeline will benefit the province after a marine terminal was scrapped from the plan, Energy and Natural Resources Minister Pierre Arcand said.

China Sets Up Coordinating Group for Modern Silk Road
(Friday, April 17, 2015) Projects under the plan include a network of railways, highways, oil and gas pipelines, power grids, Internet networks, maritime and other infrastructure links.

Canada's NEB Backs North Montney Mainline
(Friday, April 17, 2015) Canada's National Energy Board (NEB) has recommended approval of the North Montney Mainline Project to the federal government and approving rolled in tolls for the initial phase of the project.

Europe to Draw Up Energy Crisis Contingency Plans
(Thursday, April 16, 2015) The European Union is working on emergency plans to make member states better prepared for any kind of energy supply outages, Europe's energy and climate chief said on Thursday.

Cheaper Russian Gas This Summer No Threat-Statoil
(Thursday, April 16, 2015) Norwegian gas is likely to be price competitive enough to weather an influx of cheaper Russian gas expected into its European market this summer, a senior Statoil official said.

Terminals & Storage
TransCanada’s Pipeline Benefit Vows Fail to Sway Quebec’s Arcand
(Friday, April 17, 2015) Quebec wants more evidence from TransCanada Corp. that its Energy East pipeline will benefit the province after a marine terminal was scrapped from the plan, Energy and Natural Resources Minister Pierre Arcand said.

Transportation Officials Issue Oil Train Safety Measures
(Friday, April 17, 2015) An emergency order requiring trains hauling crude oil and other flammable liquids to slow down as they pass through urban areas and a series of other steps to improve the safety were announced Friday by the Department of Transportation.

Asia Tankers-VLCC Rates Could Climb on Possible Renewed Chartering
(Friday, April 17, 2015) Rates for very large crude carriers (VLCCs) on key Asian routes are likely to hold steady or climb next week if charterers release their May fixture programme amid tighter supply of tonnage, brokers said.

UK's Rough Natural Storage Site Returns to Full Capacity
(Friday, April 17, 2015) Withdrawal availability at Britain's Rough natural gas storage facility returned to full capacity on Thursday evening following a 16 million cubic metres (mcm) per day reduction since April 14, operator Centrica said.

Al-Qaida Captures Major Airport, Oil Terminal in South Yemen
(Thursday, April 16, 2015) Al-Qaida seized control of a major airport, a sea port and an oil terminal in southern Yemen on Thursday, consolidating its hold on the country's largest province.

LNG / LPG
Australia's Santos Expects First LNG from Gladstone in Late Q3
(Friday, April 17, 2015) Looking to reassure investors who have been concerned about potential delays to the project, Santos said it had started feeding gas into the plant in March and the power supply for the operation was running.

Anadarko Considers Selling Mozambique Gas Assets to Exxon
(Friday, April 17, 2015) Anadarko initially planned to build a major LNG export project in Mozambique fed by Area 1 reserves and targeting Asian markets, but the sale process calls that into question and suggests the task will pass to whoever picks up the stake.

Canada's NEB Backs North Montney Mainline
(Friday, April 17, 2015) Canada's National Energy Board (NEB) has recommended approval of the North Montney Mainline Project to the federal government and approving rolled in tolls for the initial phase of the project.

ANGA Urges US Policymakers to 'Seize the Day' with LNG Exports
(Friday, April 17, 2015) Marty Durbin, President and Chief Executive Officer of America's Natural Gas Alliance (ANGA), Thursday announced the release of a new white paper, encouraging U.S. policymakers to move expeditiously on LNG export terminals.

Indonesia's Bontang LNG Export Plant Closes Sell Tender
(Thursday, April 16, 2015) Indonesia's Bontang liquefied natural gas (LNG) export plant closed a tender to sell 1-2 cargoes per month from May until December on Thursday, trading sources said.

Commodities
Higher US Gas Prices Sparked Modest Inflation in March
(Friday, April 17, 2015) Higher-priced gasoline slightly boosted consumer prices in March, a sign that some of the effects of cheaper oil are fading and that inflation may be edging up to healthier levels.

Seeking Carbon Cuts, Nebraska Utility to Swap Coal for Hydrogen
(Friday, April 17, 2015) Nebraska's largest utility on Friday announced plans to replace a coal-fired power plant unit with one that runs on hydrogen.

Most U.S. Coal Is Uneconomical as Natural Gas Fattens Profits
(Thursday, April 16, 2015) Presentations by analysts at Bloomberg New Energy Finance(BNEF) this week reveal that lower-pollution cars are gaining ground, weakening the link between oil and driving.

Oil Turns Higher, Rallies To 2015 High On Yemen Conflict
(Thursday, April 16, 2015) Crude oil prices jump to fresh 2015 peaks, turning higher on news that a tribal group made up of former Al Qaeda militants took control of a major southern oil terminal in Yemen.

U.S. Judges Raise Doubts About Early Challenge to EPA Carbon Rules
(Thursday, April 16, 2015) More than a dozen states and Murray Energy Corp have filed lawsuits challenging the administration's proposal, which would require the U.S. power sector to slash carbon dioxide emissions by 30 percent from 2005 levels.

Finance & Acquisition
Indian Refiner BPCL Hires Four for US Dollar Bond Offering
(Friday, April 17, 2015) Indian state-owned refiner Bharat Petroleum Corp has mandated four banks for a potential US dollar bond offering.

Strong Refining Margins Lift Reliance Q4 Profit
(Friday, April 17, 2015) India's Reliance Industries Ltd on Friday reported a 11 percent rise in fourth-quarter profit, boosted by stronger margins in its core refining business.

Total, BP Say Feel No M&A Pressures After Shell Deal
(Thursday, April 16, 2015) French oil major Total and British rival BP are under no pressure to make acquisitions after the recent takeover of BG Group by Anglo-Dutch rival Shell, they said on Thursday.

Refiner Delek to Buy Alon Israel's 48 Pct Stake in Alon USA
(Wednesday, April 15, 2015) Refiner Delek US Holdings Inc said it would buy Alon Israel Oil Co Ltd's 48 percent holding in Alon USA Energy Inc for about $572.4 million, giving it a stake in convenience stores and more refineries in the United States.

Cheap Oil, Strong Dollar Pose Challenges for U.S. Railroads
(Wednesday, April 15, 2015) One railroad said crude by rail shipments, a profitable business plagued by uncertainty amid low oil prices, should remain flat throughout 2015.

People on the Move
Use of Big Data is Necessary to Recruit Millennials in Oil, Gas
(Wednesday, April 15, 2015) HR Professional Kris Cooper reveals research detailing why Big Data is necessary to recruit millennials in the workforce.

Centrica Hires Outsider to Lead British Gas Energy Supplier
(Tuesday, April 14, 2015) British utility Centrica has hired insurance executive Mark Hodges to lead its British Gas energy supply unit, Britain's largest energy provider that is at the center of a market-wide competition probe.






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