Berkshire Wagers That Americans Still Thirst for Gasoline
Berkshire Wagers That Americans Still Thirst for Gasoline

Monday, August 31, 2015 Warren Buffett's Berkshire Hathaway Inc. sees a green light at the intersection of low oil prices and record driving.
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  Current Downstream Headlines

Outlook & Insights
Will ENI's Discovery in Egypt Sink Israel's Leviathan?
(Monday, August 31, 2015) Other than being a major shot in the arm to the struggling Egyptian economy the discovery raises again the prospect of LNG export to those countries in Europe that own regasification terminals.

New IEA Boss Faces World Energy Landscape in Flux
(Friday, August 28, 2015) The new head of the International Energy Agency faces dilemmas that challenge the purpose of the body set up to protect the interests of the West against the power of OPEC in the 1970s.

U.S. Oil Export Advocates Use Iran Deal to Buttress Argument
(Thursday, August 27, 2015) U.S. oil industry lobbyists and Congressional supporters of lifting the U.S. ban on oil exports hope they can gain more support as lawmakers debate whether to approve the Obama administration's nuclear deal with Iran.

COLUMN-Efficiency Mandates to Cap Recovery in Oil Demand
(Thursday, August 27, 2015) Lower prices should help stimulate oil consumption in advanced economies, restoring some of the demand lost over the last decade, as the cost of crude soared from less than $50 to more than $100 per barrel.

Out in the Real World, Oil Market Is Much Better Than It Looks
(Tuesday, August 25, 2015) The global oil market is healthier than it looks, signaling that crude's plunge to six-year lows has probably gone too far.

Refining
Berkshire Wagers That Americans Still Thirst for Gasoline
(Monday, August 31, 2015) Warren Buffett's Berkshire Hathaway Inc. sees a green light at the intersection of low oil prices and record driving.

Canada Synthetic Crude Spikes on Syncrude Fire, Nexen Pipelines
(Monday, August 31, 2015) Canadian light synthetic crude prices spiked higher on Monday after a weekend explosion and fire at the Syncrude oil sands project in northern Alberta halted production and regulators ordered pipeline shutdowns at a separate Nexen Energy site.

Norinco May Postpone $14 Bln Refinery Plan Despite Approval
(Friday, August 28, 2015) China's North Industries Group Corp, a state-run defense conglomerate that also invests in oil and gas, may postpone a multi-billion dollar plan to build a refinery because of a capacity overhang, industry sources said.

Asia Naphtha-India ONGC Sells to Aramco; Premium Half of Earlier Deal
(Friday, August 28, 2015) Indian Oil and Natural Gas Corp has sold a naphtha cargo to Aramco Trading Company (ATC) for the second time ever, but the premium fetched was nearly half that from the previous deal, traders said on Friday.

U.S. Court Places Hold on Federal Water Protection Rule
(Friday, August 28, 2015) The U.S. District court in North Dakota granted a preliminary injunction against the so-called Waters of the United States (WOTUS) rule finalized by the Environmental Protection Agency and the U.S. Army Corps of Engineers in May.

Biofuels
Here's One Thing Standing Between You and Even Cheaper Gasoline
(Friday, August 28, 2015) Oil has lost a third of its value in two months, bringing U.S. drivers within pennies' reach of $2.50 gasoline.

India Issues Local Tender to Buy Ethanol for Blending
(Thursday, August 27, 2015) India's state oil retailers have issued a local tender to buy 2.7 billion litres of ethanol to be blended with gasoline, weeks after Prime Minister Narendra Modi called for higher use of the sugarcane by-product to help over-supplied sugar mills.

GM China Joint Venture Building $470 Mln Green Car Plant
(Monday, August 24, 2015) A General Motors Co joint venture in China will invest 3 billion yuan ($470 million) to build a factory dedicated to green cars, a spokeswoman said on Monday.

Israeli Biogas Digesters Energise Isolated Palestinian Village
(Monday, August 24, 2015) Portable, household "anaerobic digesters" made by Israeli start-up company HomeBioGas turn food leftovers and manure into methane for cooking and lighting.

Ethanol Acts as Lone Bright Spot Amid China Commodity Gloom
(Monday, August 17, 2015) Recent news from China makes depressing reading for commodities producers, with a slowing economy, tumbling stock prices and a currency devaluaGion all signaling weaker demand.

Petrochemical
Indian Oil Said to Plan $3 Billion Petchem Plant in Iran
(Monday, August 31, 2015) Indian Oil Corp. is seeking to build a $3 billion petrochemicals plant in Iran, according to people with direct knowledge of the matter.

China Chemical Safety Problems Highlighted Before Tianjin Blasts
(Monday, August 24, 2015) Several warnings preceded the deadly blasts at the Chinese port of Tianjin, including a state-backed research paper highlighting the risk of "grave accidents and casualties" in the chemicals sector.

World War Two Bomb Found at BASF Plant in Germany
(Friday, August 21, 2015) German chemicals firm BASF said on Friday that a World War Two bomb was found at its plant in Ludwigshafen and would be defused next month.

Saudi's Ma'aden Says Subsidiary to Shut Ammonia Plant for 14 Days from Fri
(Thursday, August 20, 2015) A subsidiary of Saudi Arabian Mining Co will shut down its ammonia plant for 14 days from Friday for repairs to its heat exchanger, the firm commonly known as Ma'aden said in a bourse filing on Thursday.

Mitsui Chem to Reduce Cracker Runs for Maintenance
(Thursday, August 20, 2015) Japan's Mitsui Chemicals Inc said on Thursday it would reduce the run rate of its 500,000 tonnes per year naphtha cracker in Osaka, western Japan, between Sept. 6 and Sept. 12.

Pipelines
Canada Synthetic Crude Spikes on Syncrude Fire, Nexen Pipelines
(Monday, August 31, 2015) Canadian light synthetic crude prices spiked higher on Monday after a weekend explosion and fire at the Syncrude oil sands project in northern Alberta halted production and regulators ordered pipeline shutdowns at a separate Nexen Energy site.

Russia's Gazprom to Sign MOU on Gas Supplies to China -Kremlin
(Monday, August 31, 2015) Russia's Gazprom will sign a memorandum of understanding (MOU) with CNPC on piping gas to China during President Vladimir Putin's visit to Beijing this week, a Kremlin aide said on Monday.

Shell Says Gas Supplies to Nigeria LNG Reduced Due Oil Pipeline Issues
(Friday, August 28, 2015) Shell on Friday said gas supplies to Nigeria's LNG export terminal on Bonny Island had been reduced due to the shutdown of a major oil pipeline in the country caused by a leak and theft.

ExxonMobil, BHP to Spend $290 Mln to Replace Australian Pipeline
(Friday, August 28, 2015) The project comes at a time when Australia is counting on infrastructure investment to help offset a bust in mining and energy projects.

Shell Nigeria Declares Force Majeure on Bonny Light Crude Exports
(Thursday, August 27, 2015) Shell's Nigerian unit, Shell Petroleum Development Company (SPDC), declared force majeure on Bonny Light crude oil exports on Thursday after shutting down two key pipelines in the country due to a leak and theft.

Terminals & Storage
Tanker Owner Frontline Says Traders Ask for Oil-Storage Options
(Wednesday, August 26, 2015) Oil traders are asking about options to store crude at sea, a development that could help rates for tankers to rebound from a plunge, according to Frontline Ltd., an owner of the ships led by Norway-born billionaire John Fredriksen.

U.S. Fuel Stocks Rise, Driving Prices Lower Despite Big Crude Draw
(Wednesday, August 26, 2015) U.S. crude oil stockpiles fell sharply last week as imports tumbled, while gasoline and distillate inventories rose despite a reduction in refinery runs, data from the Energy Information Administration showed on Wednesday.

Ukraine's Stockpiling of Winter Gas Slower Than Last Year -PM
(Wednesday, August 26, 2015) Ukraine's efforts to store natural gas for winter are running 1 billion cubic metres behind their pace last year, Prime Minister Arseny Yatseniuk said on Wednesday.

Explosions at Afghan Gas Terminal Kill 10 Children, Shake City
(Tuesday, August 25, 2015) A series of large explosions at a gas terminal on the edge of the western Afghan city of Herat late on Monday killed 10 children and an adult living in a camp for people displaced by war.

U.S., Mexico Open First New Rail Link in Over a Century
(Tuesday, August 25, 2015) The United States and Mexico on Tuesday opened their first new rail link in more than a century as part of plans to update infrastructure carrying nearly $600 billion a year in bilateral trade, officials said.

LNG / LPG
Egypt Gas Discovery Heats Up Israeli Debate Over Fuel Export
(Monday, August 31, 2015) The discovery of a major Egyptian natural gas field is stoking the political debate in Israel over how to best utilize its own energy resources.

Asian LNG Price Faces Steep Fall as Perfect Storm Brews
(Monday, August 31, 2015) Asia's LNG market has already fared worse than slumping oil markets, with spot prices down 60 percent since 2014 to $8 per million British thermal units (mmBtu), ending half a decade of high prices.

Shell Says Gas Supplies to Nigeria LNG Reduced Due Oil Pipeline Issues
(Friday, August 28, 2015) Shell on Friday said gas supplies to Nigeria's LNG export terminal on Bonny Island had been reduced due to the shutdown of a major oil pipeline in the country caused by a leak and theft.

Lithuania LNG Imports Could Fall to 320-320 Mcm in 2016 -Report
(Friday, August 28, 2015) Lithuania is planning to import 35-40 percent less liquefied natural gas (LNG) via its terminal at the Klaipeda port next year due to falling demand, business daily Verslo Zinios reported on Friday.

Qatar and PetroChina Alter LNG Supply Deal, Winter Spot Price Fallout
(Wednesday, August 26, 2015) The concession to PetroChina fits Qatar's recent pattern of adapting to long-term buyers needs.

Commodities
S.Korea May Hike Iran Oil Imports Once Sanctions Lifted -Official
(Monday, August 31, 2015) South Korea will consider increasing its imports of Iranian crude oil and condensate when sanctions on Tehran are lifted, a senior government official said on Monday.

Aloha State Says Hello to Cheaper Power Thanks to Oil Rout
(Friday, August 28, 2015) For a state trying rid itself of oil for good, Hawaii and its electricity customers have become the biggest beneficiaries of the slide in crude.

US Crude Jumps 6% In Second Day Of Short-Covering Frenzy
(Friday, August 28, 2015) US crude rose 6%, notching its first weekly gain in two months, after a rally in gasoline.

Mexico Accelerated Global Oil Slump Through Derivative Deals
(Thursday, August 27, 2015) When oil collapsed to a six-year low this month, weak demand from China and extra barrels from Iran and Saudi Arabia were marked as the prime suspects. Another country, less central to global energy markets, had a big part to play: Mexico.

U.A.E. Cuts September Gasoline Prices as Global Oil Falls
(Thursday, August 27, 2015) The United Arab Emirates cut gasoline and diesel prices by between 8 and 9 percent for September, the second month during which the Middle Eastern country, OPEC's fifth-largest oil producer, removed price controls.

Finance & Acquisition
Berkshire Wagers That Americans Still Thirst for Gasoline
(Monday, August 31, 2015) Warren Buffett's Berkshire Hathaway Inc. sees a green light at the intersection of low oil prices and record driving.

Union Wins Closely Watched Labor Case Over Who's the Boss
(Thursday, August 27, 2015) More companies may be held responsible for labor-law violations committed by the contractors they hire under a decision by a politically split U.S. labor board in a closely watched case.

Sinopec Profit Drops as Oil Slump Counters Higher Refining
(Wednesday, August 26, 2015) China Petroleum & Chemical Corp., Asia's biggest oil refiner, posted a 22 percent decline in profit for the first half of the year as the slump in prices outweighed the benefit of cheaper crude to its refining business.

Nigeria to Start Oil Reforms Before New Industry Law
(Tuesday, August 25, 2015) Nigeria will start reforming its oil industry using existing laws before it can pass a long-awaited Petroleum Industry Bill (PIB), which will take a while to fine-tine, the new head of the state-oil company NNPC said on Tuesday.

Oil Search First-Half Profit Rises 49% on PNG LNG Project
(Tuesday, August 25, 2015) Oil Search Ltd.'s first-half profit climbed 49 percent as gains at a liquefied natural gas project in Papua New Guinea outweighed the plunge in crude prices.

People on the Move
New IEA Boss Faces World Energy Landscape in Flux
(Friday, August 28, 2015) The new head of the International Energy Agency faces dilemmas that challenge the purpose of the body set up to protect the interests of the West against the power of OPEC in the 1970s.

Albemarle to Move HQ from Louisiana to North Carolina
(Tuesday, August 25, 2015) Albemarle Corp. announced Tuesday that it will relocate its corporate headquarters and its Performance Chemicals business from Baton Rouge, La. to Charlotte, N.C.

Icahn Gets Two Board Seats on LNG Company Cheniere
(Monday, August 24, 2015) Cheniere Energy Inc, on track to be the first U.S. company to enable the export of liquefied natural gas (LNG), named two Icahn Capital LP managing directors to its board, days after activist investor Carl Icahn took a stake in the company.

North Dakota's Governor Says Will Not Seek Re-election in 2016
(Monday, August 24, 2015) North Dakota Governor Jack Dalrymple, who shepherded the state through an oil boom that made it the No. 2 U.S. crude producer, said on Monday he will not seek re-election in 2016.

A Wealth of Advice: Retirement Tips for Oil, Gas Workers
(Friday, August 21, 2015) Merrill Lynch financial expert Pat Wenzel offers retirement advice for oil and gas workers.






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