Archive for the ‘oil’ Category

LNG to the rescue at a revived Caribbean oil refinery?

As various Caribbean refineries closed, reopening them faced a problem. Even if you could get cheaper WTI-based crude to them, they would be competing against US refineries powered by lower-cost natural gas. A refinery in the Caribbean would have little alternative except to use expensive fuel oil.

But industry sources are reporting that Atlantic Basin Refining, which is expected to be the new owners of the US Virgin Islands’ St.Croix refinery, known as Hovensa, is believed to have a business plan that will bring in cheaper sources of energy–specifically, LNG–to power the refinery.

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EIA analysis: Distillate stocks slide significantly

The most eye-popping number in this week’s Energy Information Administration stock report was the large decline in distillate stocks. You can see our analysis of the numbers here. 

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LPG: to one speaker, not just a fuel, but a moral necessity

The oil industry has often heard itself being criticized from within for not being bolder in sending a broadly positive message about what it does. Hydrocarbons make modern life possible; without them, we’re back to the mid-1800’s. And we should be telling the world that, pushing back against the naysayers. That’s the gist of the criticism.

That wasn’t on display at the World LP Gas Forum in Miami this week, where I was asked to moderate a panel of LPG experts entitled “Mind the Gap.” The gap in this question is the growing surge of LPG supply and the very real question of how it is going to get consumed.

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Regulation & Environment: Alaska mining battle and its impact on oil and gas

Regulations between mining and oil and gas often spill over. That’s what the industry is worried about in Alaska, as Tim Bradner discusses in this week’s Oilgram News column, Regulation & Environment.

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The Oil Big Five: Your comments about oil prices worldwide

This is a busy time of year, and between conferences and the reporting of big news events, we’ve been running in several directions at once here at The Barrel. That’s part of the reason why we’re just now getting to your comments about the October version of The Oil Big Five, when we got our analysts and editors to share their biggest issues in the global oil industry.

Today, though, we want to highlight some of your comments. Remember you can always tell us your thoughts through a comment here on the blog, or on Twitter with the hashtag #oilbig5.

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EIA analysis: big build in crude oil stocks

The weekly data from the Energy Information Administration showed a significant build in crude oil stocks. Our analysis of those numbers is here.

For US airline industry, a penny saved on jet fuel is $180 million earned

I flew two different airlines last week. Both were packed.

Despite Ebola fears. Despite high ticket prices. Despite a slowing global economy. Despite high jet fuel prices.

Wait. Scratch that last one.

Spot market jet fuel prices have plunged as much as 50 cents below the 2014 average.

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The 10% ethanol blendwall is once again looming

Don’t look now, but the ethanol blendwall is back.

That 10% cap of how much ethanol can be blended into the US gasoline pool was a fiery issue in the Big Oil vs. Big Farm battle in 2013.

And believe it or not, the number has quietly but quickly crept back up into dangerous territory.

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EIA analysis: big build in crude oil stocks

A sagging crude oil market got another big hit of bearish news today with the weekly EIA statistics showing a big build in crude stocks. You can read our analysis here. 

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Ed Morse and his team on the oil price slide

A few snippets from a conference call Ed Morse and his team at Citi held today on the decline in oil prices.

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