Soaring crude oil inputs at US refineries helped to push combined US gasoline and distillate stocks 13.78 million barrels higher the week ended December 5, US Energy Information Administration (EIA) oil data showed Wednesday. Despite the higher demand from refiners, the buildup in US product stocks weighed on the oil complex. Read the full Platts analysis of the EIA data here.
Posts Tagged ‘gasoline’
By News Desk | December 11, 2014 10:35 AM Comments (0)
By Elizabeth Bassett | December 10, 2014 05:34 PM Comments (3)
The end of December is just around the corner, and it’s typical at this time of year for publications to take a grand look backward to sum up the year. What kind of proclamations can we make about the global oil industry in 2014? What sort of lessons are there to be learned, and how will we look back on 2014 years from now?
As tempting as it may be to take that look in the rearview mirror, today we’re going to look ahead with our December version of The Oil Big Five. By now you know the drill: We ask our Platts editors and analysts in offices around the globe what they think are the biggest issues or topics in the oil world for the upcoming month, and then we ask you for your thoughts. Are we right, are we wrong, and what do you want to see covered? Leave us your comments here or with #oilbig5 on Twitter.
By Jordan Godwin | December 5, 2014 12:19 PM Comments (1)
Earlier this year, I jokingly asked an ethanol trader if he thought the US would hit one million barrels of ethanol production per day anytime soon.
“No way,” he said. “That’s light-years away.”
And in many ways, it did seem like an impossibility at the time.
By Jeffrey Bair | November 12, 2014 11:30 AM Comments (6)
The old saying goes that if you like my offer that is too good to be true, I’ve got a piece of the Brooklyn Bridge I can sell you, too.
Hey, at least that offer is for something you can touch.
A recently established trade in the US gasoline markets has market players spending thousands on something they cannot smell, taste, put their hands on or really even see.
By Brian Scheid | November 6, 2014 12:01 AM Comments (0)
Shortly after the US Energy Information Administration released a report last week on what drives US gasoline prices, the American Petroleum Institute declared its findings a significant argument in favor of dropping all restrictions on US crude oil exports.
The EIA report “confirms that lifting trade restrictions on U.S. crude oil could benefit U.S. consumers and promote America’s economic growth,” the oil and gas industry’s key trade association said in a statement.
That same day, the Producers for American Crude Oil Exports, a lobbying group backed by independent oil companies including Anadarko Petroleum, ConocoPhillips and Hess, said the EIA report backed the group’s calls for liberalizing the crude export restrictions which have been in place for nearly 40 years.
By Jordan Godwin | October 17, 2014 04:10 PM Comments (3)
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.
By News Desk | August 6, 2014 01:20 PM Comments (0)
This week’s EIA oil inventory data recorded a big drop in US gasoline inventories for last week. You can see our analysis of the numbers here.
By Elizabeth Bassett | July 1, 2014 04:45 PM Comments (3)
Welcome to The Oil Big Five for July 2014, where we list the big issues that are keeping our Platts oil experts busy around the globe. You can find our last posting here, which had the problem of not posting comments for a short time when it first went up. We really appreciate everyone who commented on the blog once it was fixed, though, as well as those who sent us feedback on Twitter. The latest round-up of reader comments can be found here, and be sure to comment again for the follow-up to this post.
Here are the biggest oil issues or trends that our editors and experts nominated to be a part of the post this month. Read the rest of this entry »
By Caitlin Laird and Jeffrey Bair | June 19, 2014 02:56 PM Comments (6)
The ExxonMobil-operated Chalmette Refinery will no longer distribute ethanol-free gas from the rack, a move that is making it more difficult for Louisiana boaters to find compatible fuel for their boats.
In early May, the Chalmette Refinery in St. Bernard Parish announced that it would no longer distribute ethanol-free (conventional) gasoline to the local rack. The 200,700 b/d refinery had previously been the largest resource of ethanol-free gasoline for the area, with many area businesses purchasing fuel from the rack, a local distribution terminal. ExxonMobil, the operator and co-owner of the refinery with PDVSA, continues to sell to the commercial market, but acknowledges that the local market is affected by the change at the rack. The decision was pushed through in an effort to “better comply with the EPA’s Renewable Fuel Standards,” said Patrick Trahan, a spokesman for the refinery.