A draw in gasoline stocks far beyond what had been predicted by analysts was one of the most notable numbers in this week’s Energy Information Administration’s weekly statistical report. You can see our analysis here.
Posts Tagged ‘gasoline’
By John Kingston | March 25, 2014 11:06 AM Comments (6)
Anna Temple of WoodMac tried at the annual AFPM meeting to put one aspect of the ethanol issue into a highly consumable number: eight.
The Houston-based downstream consultant, in one part of her presentation, said the Renewable Fuel Standard going forward could still trip up refiners, but she also addressed whether E85 has a part to play in meeting the ever-rising mandates set under RFS2.
By News Desk | March 17, 2014 12:01 AM Comments (0)
By Tim Worledge | February 27, 2014 02:49 PM Comments (0)
That the CEO of the Renewable Fuels Association would come out fighting after the 2013 annus horribilis was to be expected. When Bob Dinneen, a man they’ve come to call the Reverend in these parts because of his full throttle evangelisin’ on the blendstock’s position in the USA, took the stage to deliver the keynote opening address to the 2014 National Ethanol Conference last week, the packed auditorium knew broadly what to expect.
By John Kingston | February 21, 2014 01:42 PM Comments (0)
A lot of integrated oil companies have split up into separate upstream and downstream companies; witness Marathon and ConocoPhillips.
Others have sold their downstream businesses piecemeal; Hess is doing that now.
At the very least, integrated oil companies like ExxonMobil have cut way back or eliminated company-owned gas stations.
But now we have a strange phenomenon: one of the nation’s best-known independent oil producers is going into the retail side of the biz.
We’re talking, of course, about Ewing Oil.
By James Bambino | January 31, 2014 02:44 PM Comments (0)
The recent polar vortices sweeping down from Canada have frozen much of the US to its core over the past month, driving home heating costs through the (drafty) roof, across the Midwest, Northeast and now the Southeast.
But the bugbear behind the dangerously tight natural gas market may come as a surprise to many. Sure, we’re exporting more NGLs and the frigid temperatures are eating away at stocks. That is free markets and good old fashioned supply and demand fundamentals at work, right?
By News Desk | December 16, 2013 12:01 AM Comments (0)
It’s a common story: a big company with some degree of government ownership finds itself needing to set gasoline and diesel prices on the basis of politics rather than just economics, and has a heap of trouble as a result. Brazil’s Petrobras is the latest, as correspondent Dom Phillips discusses in this week’s Oilgram News column, Petrodollars.
By News Desk | November 6, 2013 04:09 PM Comments (0)
US refined product inventories sank 8.7 million barrels the week ending November 1 as demand for gasoline and distillates jumped, data released by the US Energy Information Administration showed today. The data appeared bullish for NYMEX RBOB futures, as the most significant draw in gasoline stocks was on the US Atlantic Coast — home of the New York delivery point for RBOB. You can read out analysis here.
By John Kingston | November 3, 2013 12:09 PM Comments (0)
There were a pair of news items over the past days that could be at least mildly indicative of two economic theorems: demand elasticity and Jevon’s Pardox.
Companies selling cars in the US reported their October sales Friday. Reviewing them, it’s hard not to miss the fact that the deeply-held view that Americans are turning away from bigger cars may be taking a hit from the sliding price of gasoline.