LNG buyers are likely to be annoyed at having to pay higher, oil-linked prices for long-term supplies when they can see considerably cheaper spot cargoes available.
COLUMN-LNG Industry Tension to Rise as Price Breaks Link to Crude Oil

Monday, May 30, 2016 LNG buyers are likely to be annoyed at having to pay higher, oil-linked prices for long-term supplies when they can see considerably cheaper spot cargoes available.
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  Current Downstream Headlines

Outlook & Insights
COLUMN-LNG Industry Tension to Rise as Price Breaks Link to Crude Oil
(Monday, May 30, 2016) LNG buyers are likely to be annoyed at having to pay higher, oil-linked prices for long-term supplies when they can see considerably cheaper spot cargoes available.

Trump Says He Would Exit Global Climate Accord, Slash US Oil Regulation
(Thursday, May 26, 2016) The presumptive GOP presidential nominee also said he would invite TransCanada to reapply to build the Keystone XL pipeline from Canada to the United States.

COLUMN-Atlantic Hurricane Season Could Be More Active Than Normal
(Wednesday, May 25, 2016) The Atlantic hurricane season officially begins on June 1 and runs through Nov. 30.

Trump Unlikely to Be Able to Renegotiate Climate Deal - UN Climate Chief
(Wednesday, May 25, 2016) Donald Trump would be "highly unlikely" to be able to renegotiate the global accord on climate change if elected U.S. president, the U.N.'s climate chief said on Wednesday, as doing so would require the agreement of 195 countries.

Shell CEO Warns Renewables Shift Could Spell End If Too Swift
(Tuesday, May 24, 2016) Royal Dutch Shell cannot switch too quickly to producing renewable energy without risking its dividend payments and even its very existence, the oil and gas group's chief executive warned.

Refining
Suncor Resumes Oil-Sands Operations After Wildfire Shutdown
(Monday, May 30, 2016) Suncor and other oil-sands operators took offline this month more than 1 million barrels a day of output, as wildfires spread in the region and forced evacuations and the shutdown of pipelines and power supplies.

India Caps Refiners' Dollar Buying for Iran Dues to Shield Rupee -Sources
(Monday, May 30, 2016) The Reserve Bank of India has capped weekly dollar purchases by oil refiners to pay off their debts to Iran in order to avoid pressure on the rupee, three sources said on Monday.

Niger Ends Sales Monopoly of State Petroleum Products Company
(Monday, May 30, 2016) Niger's oil refinery, Soraz, can start selling petroleum products, ending a monopoly held since 2011 by state oil products company Sonidep, according to a government document.

French Strikes Could Boost Diesel Profits Elsewhere
(Friday, May 27, 2016) European refiners outside France and oil traders are gearing up to cash in on the unexpected demand for diesel created by French strikes that have blocked oil terminals and shut down refineries.

Shell Says Refining Margin to Stay Under Pressure- Media
(Friday, May 27, 2016) Shell Refining Co's refining margin is expected to remain under pressure owing to weak recovery in crude oil demand, news website theedgemarkets.com reported on Friday.

Biofuels
EU Appeals in WTO Biodiesel Dispute with Argentina
(Friday, May 20, 2016) The European Union has appealed against a World Trade Organization ruling against anti-dumping duties it imposed on imports of Argentinian biodiesel, the WTO said in a statement on Friday.

U.S. EPA Biofuels Plan Disappoints Refiners, Farmers Alike
(Thursday, May 19, 2016) The continuing lobbying battle between oil and farm inserests should keep the Renewable Fuel Standard mired in controversy.

Renewables Cannot Replace Nuclear in France Yet-EDF Exec
(Thursday, May 19, 2016) Renewable energy is far from being able to replace nuclear energy in France's electricity mix, utility EDF's head of nuclear said on Thursday.

Obama's Modest Biofuels Mandate for 2017 Disappoints Producers
(Wednesday, May 18, 2016) The Obama administration tried to strike a cautious compromise Wednesday in setting new biofuel quotas for a controversial renewable fuels program that pits Big Oil against Corn Belt interests.

Petrochemical
Oman Parliament Votes to Raise Taxes in Three Industries
(Thursday, May 26, 2016) Oman's parliament voted on Thursday to sharply raise taxes on the petrochemical industry, non-oil natural resources and liquefied natural gas companies in a drive to address a budget deficit.

BASF Feels No Pressure as Rivals Plan $170 Billion of Deals
(Wednesday, May 25, 2016) BASF SE executive Sanjeev Gandhi signaled the world's biggest chemicals company may sit out a merger frenzy gripping the industry even as rivals pursue more than $170 billion worth of deals.

U.S. Congress Moves to Revamp Toxic Chemical Law
(Wednesday, May 25, 2016) The House's 403-12 vote to pass the measure updating the regulation of toxic chemicals aided the bill's chances, with the Senate also expected to strongly embrace the bill, according to leadership aides.

Record U.S. LPG Exports to Asia Hit Naphtha When It's Already Down
(Tuesday, May 24, 2016) Asian petrochemical makers will use around twice as much LPG in June as in the previous two months, undercutting already weak margins being earned on traditional chemical feedstock naphtha, trade sources said.

Saudi Aramco and SABIC Say No Plans to Merge Petrochems
(Monday, May 23, 2016) National oil giant Saudi Aramco and Saudi Basic Industries Corp denied on Saturday they had any plans to merge their petrochemicals businesses after media reports on the possibility.

Pipelines
China Adds Pipelines, Depots at 'Teapot' Oil Hub to Ease Congestion
(Monday, May 30, 2016) A group of Chinese companies plans to build new pipeline and storage facilities in eastern Shandong province, the hub for the country's independent refineries.

Leviathan Partners Sign $3 Bln Israeli Natgas Supply Deal
(Monday, May 30, 2016) The partners in Israel's Leviathan natural gas field said on Sunday they had signed a deal to supply as much as $3 billion worth of gas to a new private power plant in central Israel.

Energy Transfer Seeks Right to Bail From Williams Takeover Deal
(Friday, May 27, 2016) The companies are scheduled to go to trial in June.

Algeria's In Amenas Gas Plant Due Back at Full Capacity in June - Source
(Wednesday, May 25, 2016) While the North African country is the EU's third biggest gas supplier behind Russia and Norway, its export capacity through three pipelines and LNG shipments across the Mediterranean Sea is underused.

Algeria's Sonatrach Opens Bids on $1 Bln Compressor Station Deal
(Wednesday, May 25, 2016) The pre-qualification bidding round is part of a multi-billion dollar expansion of pipelines, compression and pumping stations to be built in the next four years to help the North African OPEC state pump more gas from new fields in the south.

Terminals & Storage
China Adds Pipelines, Depots at 'Teapot' Oil Hub to Ease Congestion
(Monday, May 30, 2016) A group of Chinese companies plans to build new pipeline and storage facilities in eastern Shandong province, the hub for the country's independent refineries.

Workers at French Oil Port Terminal Extend Strike - Union
(Monday, May 30, 2016) Workers at the CIM, an oil storage and supply services company which handles about 40 percent of French crude imports, have voted to extend their strike at Le Havre port until 1000 GMT on Wednesday, a CGT union official told Reuters.

Iraq Joins Mideast Rivals Raising Oil Exports Ahead of OPEC Meeting
(Monday, May 30, 2016) Iraq, which is the second-largest producer in the Organization of Petroleum Exporting Countries, had already been targeting record crude export volumes from southern terminals next month of 3.47 million barrels per day.

Managers Take Over Operations, Reopen Pipes at French Oil Hub
(Friday, May 27, 2016) Managers have taken over operations and reopened pipes at the CIM oil port terminal in Le Havre, northern France, after union members decided to extend their strike on Friday, a CGT union official said.

Al Qaeda Still Reaping Oil Profits in Yemen Despite Battlefield Reverses
(Friday, May 27, 2016) Al Qaeda may have been pushed out of the enclave it carved out in Yemen as the country descended into civil war, but the militants are still entrenched in other parts of the country's south, reaping profits from smuggled fuel.

LNG / LPG
Mitsui to Supply Colombia Its First Liquefied Natural Gas Cargo
(Monday, May 30, 2016) Colombia is emerging as a potential bright spot for liquefied gas producers who've been battered in the past two years by weakening demand and a ballooning global supply glut.

Thailand's PTT to Raise LNG Terminal Capacity, Plans New One
(Monday, May 30, 2016) Thailand's PTT Pcl will invest an additional 1 billion baht ($28 million) to raise capacity at its LNG import terminal by 1.5 million tonnes a year to serve rising demand, the country's energy minister said on Monday.

Leviathan Partners Sign $3 Bln Israeli Natgas Supply Deal
(Monday, May 30, 2016) The partners in Israel's Leviathan natural gas field said on Sunday they had signed a deal to supply as much as $3 billion worth of gas to a new private power plant in central Israel.

Japan to Cut Emphasis on Nuclear in Next Energy Plan -Sources
(Friday, May 27, 2016) It may mean more reliance on coal and LNG.

Oman Parliament Votes to Raise Taxes in Three Industries
(Thursday, May 26, 2016) Oman's parliament voted on Thursday to sharply raise taxes on the petrochemical industry, non-oil natural resources and liquefied natural gas companies in a drive to address a budget deficit.

Commodities
U.S. Drivers Logging Record Miles in 2016
(Friday, May 27, 2016) American drivers are benefiting from low gasoline prices, which are helping to boost miles traveled, analysts say.

Oil Slips for 2nd Day as $50 Level Sparks New Output Fears
(Friday, May 27, 2016) Oil prices dipped for a second day in a row on Friday as some investors took profit on a surge to seven-month highs while others worried about higher production with the market hovering near $50 a barrel.

Trump Says Would Approve Keystone XL Pipeline If Elected
(Thursday, May 26, 2016) Republican presidential contender Donald Trump said on Thursday that he would approve TransCanada's Keystone XL pipeline proposal if elected.

Oil Dips After Hitting $50/bbl as Glut Worries Resurface
(Thursday, May 26, 2016) Oil prices hit $50 a barrel on Thursday for the first time in seven months, then bounced below that level and settled lower on the day as investors worried robust price gains could encourage more output and add to the global glut.

Statoil Says Sees European Gas Prices Bottoming Out
(Wednesday, May 25, 2016) Norway's Statoil does not expect European gas prices to fall much further as rising demand from the power generation sector would offset an expected increase in LNG supply, company officials said on Wednesday.

Finance & Acquisition
Puma Energy May Go Public; Valuation Seen at More Than $6 Bln - Sky News
(Monday, May 30, 2016) Integrated midstream and downstream oil group Puma Energy is in talks with banks that could lead to a public listing valuing the company at more than $6 billion, Sky News reported.

The Key Questions Asked About Saudi Arabia's $2 Trillion Fund
(Thursday, May 26, 2016) Saudi Arabia's Public Investment Fund could eventually control more than $2 trillion, according to Deputy Crown Prince Mohammed bin Salman, making it big enough to buy the world's four largest publicly traded companies.

Shell to Cut 2,200 More Jobs in Face of Weak Oil Prices
(Wednesday, May 25, 2016) Royal Dutch Shell will cut a further 2,200 jobs, taking its target for layoffs to 12,500 by the end of the year, the Anglo-Dutch oil firm said on Wednesday, as it cuts deeper in the face of weak oil prices.

Oil Search, InterOil Should Seek Competition Approvals for Merger-PNG
(Wednesday, May 25, 2016) The $2.2 billion merger would assemble an LNG powerhouse in Papua New Guinea.

Exxon Shareholders Pass Measure That May Put Climate Expert on Board
(Wednesday, May 25, 2016) Exxon's board had opposed the proposal, saying it risked increasing the influence of "special interest groups."

People on the Move
'Iconic Figure' O'Malley to Retire from PBF
(Monday, May 30, 2016) PBF Energy Inc. and PBF Logistics LP announced Friday that Thomas D. O'Malley, will retire from his positions at the Companies at the end of June 2016.

Head of Caspian Pipeline Consortium Brunich to Leave CPC - Shareholder
(Friday, May 27, 2016) The pipeline connects the Tengiz field in Kazakhstan, and a number of other fields, to the sea terminal near Novorossiysk in Russia.

Global Oil, Gas Layoffs Exceed 350,000
(Monday, May 23, 2016) The downstream sector, which accounted for slightly more than 12,000 of the layoffs, has fared better during the oil and gas downturn.

Saudi's SABIC Recommends New Presidents for Three Affiliates - Sources
(Monday, May 23, 2016) Petrochemicals giant Saudi Basic Industries Corp (SABIC) has recommended the appointment of new presidents at three of its affiliates, including one subsidiary which experienced a deadly fire last month, industry sources said on Monday.

Companies Could Move Headquarters If France Limits Executive Pay -Total CEO
(Wednesday, May 18, 2016) French Economy Minister Emmanuel Macron has threatened to legislate on executive pay following an outcry over what some shareholders and workers consider to be excessive remuneration packages attributed to some company heads in France.






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