OPINION: Refineries' Argument on Crude Oil Exports Ignores Market Realities
OPINION: Refineries' Argument on Crude Oil Exports Ignores Market Realities

Friday, July 31, 2015 Claims in a recent report by opponents of lifting the U.S. ban on crude oil exports overlook market facts, according to an American Council on Capital Formation official.
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OPINION: Refineries' Argument on Crude Oil Exports Ignores Market Realities
(Friday, July 31, 2015) Claims in a recent report by opponents of lifting the U.S. ban on crude oil exports overlook market facts, according to an American Council on Capital Formation official.

COLUMN-Asia LNG Output Vs Regas Capacity Mismatch Looming
(Thursday, July 30, 2015) What could go wrong for liquefied natural gas in Asia to derail the current consensus of strongly rising demand being met by supply that is increasing even faster?

COLUMN-U.S. Oil Storage Becomes Big Business
(Thursday, July 30, 2015) Working storage capacity at refineries, tank farms and underground storage facilities in the United States has increased by 85 million barrels, almost 19 percent, since 2011.

Oil Storage Reflects Output Up and Mixed Demand Picture
(Thursday, July 30, 2015) Crude oil storage volumes have increased in three of the past four weeks.

Obamacare Case to Be Turned Against Government on Emissions Rule
(Wednesday, July 29, 2015) Opponents of President Barack Obama's soon-to-be-implemented policy to cut carbon emissions from power plants are planning to use an unlikely and potentially potent weapon against him.

Fire Near Polish PKN's Refinery is Under Control
(Friday, July 31, 2015) An explosion hit a chemical production and distribution facility located near Poland's No.1 oil refiner PKN Orlen's refinery in Plock, central Poland, but it has been tamed, according to local fire squad spokesman Edward Mysera.

Exxon Moves Toward Beaumont, Texas Refinery Expansion -Sources
(Thursday, July 30, 2015) Exxon Mobil Corp has pulled together a group of experts at its sprawling Beaumont, Texas, refinery to do more detailed studies to add a third crude distillation unit, sources familiar with the matter said on Thursday.

Foreign Firms Bid for Saudi Aramco's Fadhili Gas Project - Sources
(Thursday, July 30, 2015) Foreign engineering firms have submitted bids to build a gas plant in eastern Saudi Arabia for state oil giant Saudi Aramco at an estimated cost of $5 billion to $6 billion, industry sources said.

Poor Margins, Plant Outage Make Iran Condensate a Hard Sell in China
(Thursday, July 30, 2015) Any attempt by Iran to sell to China millions of barrels of ultra light crude built up in tankers over the last 2-1/2 years of sanctions is likely to be thwarted by poor refining margins and an outage at a major importer of the oil.

Motiva Port Arthur Refinery Suffered Fire in a Catalytic Reformer - Sources
(Thursday, July 30, 2015) Motiva Enterprises LLC's Port Arthur, Texas refinery suffered a small fire on Wednesday in a catalytic reformer, sources told Reuters.

Green Plains in Talks to Boost Ethanol Exports to Mexico
(Wednesday, July 29, 2015) Green Plains Inc is courting Mexican fuel buyers in a bid to boost ethanol exports to the country, the company said on Wednesday, as the U.S. industry continues its search for new outlets for growing output and large supplies.

Big Oil and Big Corn Blitz EPA on Biofuels Plan
(Tuesday, July 28, 2015) U.S. farmers, biofuel makers, and oil companies have mounted last-ditch efforts to push regulators to overhaul a controversial plan for biofuel use, homing in on the price Americans pay for gasoline mixed with such fuels as ethanol.

China Prepares 'California-style' Scheme for Green Cars
(Thursday, July 23, 2015) China is preparing a new scheme to encourage automakers and consumers to use electric and hybrid vehicles, learning lessons from California's efforts to promote a similar switch, the head of a major state-owned carmaker said on Thursday.

Brazil's Raizen Clinches Cellulose Ethanol Export Deals to Europe
(Wednesday, July 22, 2015) Brazilian sugar and ethanol producer Raizen secured deals to export cellulosic ethanol to Europe at a 26 percent premium over conventional ethanol prices, the company's head of sugar, ethanol and energy, Joao Alberto Abreu, said Wednesday.

U.S. Nuclear Operators Try to Save Plants with Carbon Emission Rule
(Friday, July 31, 2015) The U.S. nuclear industry makes a last-minute push to urge the Obama administration to protect the country's 100 nuclear units in its forthcoming carbon rule and prevent the early retirement of several plants.

In Hideaway for Brazil's Rich, a New Scandal Emerges
(Friday, July 31, 2015) Just south of Rio de Janeiro, along a strip of coastline known for its white-sand beaches and high-end resorts, Brazil's next big corruption scandal is starting to unfold.

S.Korea's Lotte Chemical to Expand its Malaysia Naphtha Cracking Centre
(Thursday, July 30, 2015) South Korea's Lotte Chemical Corp said on Thursday the petrochemical firm would expand its naphtha cracking centre in Malaysia at a cost of 300 billion Korean won ($257 million).

South Korea's Hu-Chems to Invest $1 Bln on Chemical Plant in Malaysia
(Wednesday, July 29, 2015) Hu-Chems Fine Chemical Corporation, a unit of South Korea's Taekwang Industrial Group, plans to invest $1 billion to build a plant to produce ammonia, nitric acid and ammonium nitrate in Malaysia, the company said in statement on Wednesday.

Saudi Arabia's Sabic Considering Shale Gas Investments in U.S.
(Monday, July 27, 2015) Sabic said in April it plans to expand in China and the U.S. because it's difficult for the company to grow in Saudi Arabia due to a shortage of gas.

BASF Joins Nord Stream Pipeline Expansion Plan
(Friday, July 31, 2015) German chemicals group BASF says it has signed a memorandum of understanding to join the group of companies intending to expand the Nord Stream pipeline to bring gas from Russia to Germany under the Baltic Sea.

TransCanada Stands by Keystone XL; Profit Beats
(Friday, July 31, 2015) TransCanada Corp is still committed to building the Keystone XL pipeline despite stubborn opposition in the United States that has thrown the ($6.2 billion) project into regulatory limbo, says the chief executive of the Canadian company.

How Pipelines Saved America's Biggest Oil Basin From Shale Bust
(Wednesday, July 29, 2015) To understand why U.S. oil production is so resilient, it helps to consider the maze of pipelines running out of Midland, Texas.

Oil Producers Skirt Keystone Snag as Obama Said Near Rejection
(Wednesday, July 29, 2015) The oil-sands industry is working around delays to the Keystone XL pipeline as the outlook dims for its approval any time soon

Canada PM Not Hopeful That Obama Will Approve Keystone Pipeline
(Wednesday, July 29, 2015) Canadian Prime Minister Stephen Harper said on Wednesday he was not hopeful that the United States would approve the northern leg of TransCanada Corp's controversial Keystone XL pipeline.

Terminals & Storage
New China Crude Oil Tanks Due Online from End-August -Sources
(Thursday, July 30, 2015) State-owned and private companies will start up about 26 million barrels of new oil tanks in southern China in coming months, amid strong demand for storage from traders.

U.S. Sets New Final Rule on Oil, Ethanol Trains
(Wednesday, July 29, 2015) The Obama administration on Wednesday released a new regulation intended to prevent explosive rail disasters such as the 2013 oil train derailment that killed 47 people and destroyed part of Lac-Megantic, Quebec.

U.S. Crude Stockpiles Fall 4.2 Mln Barrels in Latest Week - EIA
(Wednesday, July 29, 2015) U.S. crude oil inventories declined far more than expected last week, while gasoline stocks decreased amid robust demand for the motor fuel, data from the Energy Information Administration (EIA) showed on Wednesday.

Howard Energy Unit to Expand SE Texas Terminal
(Wednesday, July 29, 2015) Howard Midstream Energy Partners, LLC (HEP) announced Wednesday that its subsidiary, Maverick Terminals, LLC has acquired a majority interest in the GT Omniport Terminal from GT Logistics, LLC.

Shut Part of Houston Ship Channel Open after Spill Cleanup
(Tuesday, July 28, 2015) A portion of the Houston Ship Channel was closed to vessel traffic briefly on Tuesday morning to allow cleanup of a small diesel fuel spill, the U.S. Coast Guard said.

Japan Exchange Says First LNG Forward Deal Done
(Friday, July 31, 2015) The first liquefied natural gas (LNG) non-deliverable forward deal has been struck on Japan's over-the-counter market, nearly a year after the trade was launched, according to the Japan OTC Exchange.

Global LNG-Asian Spot Prices Edge Lower as Atlantic Tenders Emerge
(Friday, July 31, 2015) Asian liquefied natural gas (LNG) spot prices for September delivery dip this week as demand wanes, while requirements from Argentina and Mexico boost Atlantic activity.

Gas Awakening From U.S. Shale Slumber as LNG Shipments Near
(Thursday, July 30, 2015) After years of languishing in a shale-induced coma, the U.S. natural gas market is waking up.

India Petronet Aims to Lease Out 63 Pct of Dahej LNG Capacity
(Thursday, July 30, 2015) India's Petronet LNG aims to lease out about two-thirds of the capacity at its Dahej import terminal in Gujarat state over the next four years to boost revenue and prevent the facility falling into disuse.

Eni in Talks with Buyer to Sell LNG Supply from Floating Mozambique Plant
(Thursday, July 30, 2015) Italian oil and gas group Eni is holding discussions with a potential buyer of liquefied natural gas (LNG) supply from its floating export project in Mozambique, an executive said on Thursday.

Tumbling Oil Prices Slam Profit at ExxonMobil, Chevron
(Friday, July 31, 2015) Weak oil prices shrivel quarterly profit at Exxon Mobil Corp and Chevron Corp, compelling both companies to rethink operations and plan for what many expect to be a sustained period of cheap crude.

Oil Drops For 5th Week; US Crude In Biggest Monthly Fall Since 2008
(Friday, July 31, 2015) US crude posts its biggest monthly drop since the 2008 financial crisis.

U.S. Senate Energy Panel Votes to Lift Oil Export Ban
(Thursday, July 30, 2015) The measure faces an uphill battle in getting passed by the full Senate.

Oil Dips As Robust Dollar Offsets Stock Drawdown
(Thursday, July 30, 2015) Crude futures settle down, pressured by a rally in the dollar which countered bullish sentiment from a drawdown in US stockpiles that was much steeper than expected.

House Speaker Boehner Supports Ending U.S. Oil Export Ban
(Wednesday, July 29, 2015) U.S. House of Representatives Speaker John Boehner on Wednesday expressed for the first time his support for repealing the 40-year-old ban on domestic crude oil exports, a move that could breathe new life into a bill in his chamber.

Finance & Acquisition
Spain's Abengoa to Step Up Asset Sales to Generate Cash
(Friday, July 31, 2015) Spain's Abengoa will step up asset sales and cut costs to generate free cash flow this year, according to its CEO, in an attempt to regain market confidence after sharp declines in its stock and bonds.

Shell, Centrica to Cut More Than 12,000 Jobs by 2020
(Thursday, July 30, 2015) Shell and Centrica reveal plans to axe more than 12,000 jobs by 2020.

EU Regulators to Decide on $73 Bln Shell, BG Deal by Sept. 2
(Thursday, July 30, 2015) European Union antitrust regulators will decide by Sept. 2 whether to approve Royal Dutch Shell's planned 47 billion pound ($73.25 billion) buy of BG Group to become the world's top liquefied natural gas company.

Marathon Petroleum's Margins Hurt by High Exposure to U.S. Midwest
(Thursday, July 30, 2015) Marathon Petroleum Corp's quarterly refining margins fell as the company did not benefit from the slump in oil prices mainly due to its big exposure to the U.S. Midwest.

Valero Energy Profit Beats Estimates as Refining Margins Rise
(Thursday, July 30, 2015) U.S. refiner Valero Energy Corp reported a better-than-expected quarterly profit as its refining margins rose due to a steep fall in crude oil prices.

People on the Move
Brazil's Braskem to Appoint New Chairman after Executive Arrested
(Monday, July 20, 2015) Brazilian petrochemical firm Braskem SA said on Friday it will hold a general meeting on Aug. 4 to appoint a new chairman, after its current chairman was arrested for alleged involvement in a corruption scheme.

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