- Feature
- Jobs, Carbon Offsets, Nuclear Energy, Drilling: Key in U.S. Senate Battle over ‘Cap and Trade’
- Key Market Prices
- Key Market Prices
- Public Policy
- CFTC to Hold Hearings on Speculation in Energy Markets Looking to Regulation
- G8 Nations Fail to Approve Plan Halving GHG Emissions by 2050
- Senator Grassley Worries about RFS-2 Delays Effect on Biodiesel
- Alstom and AES Join USCAP
- Margins & Economics
- NYMEX Crude Closes Down 4% on High U.S. Distillate Inventories
- Ethanol Spot Prices Drop 2¢ to 8¢ per Gallon
- China’s Fuel Hikes Seen to Benefit State-run Sinopec and CNPC
- Fuels & Processing
- Narrow Light-Heavy Spread Expected to Continue into 2010
- Refiners Placing High Priority on Employee Retention
- Diesel Rebound, Gasoline Decline Seen in OPEC Forecast
- ExxonMobil Showcases New Fuel-Efficient Dodge for NASCAR Challenge
- BASF, Sinopec Joint Venture Expanding Capacity
- World Bank Failing to Fund Biofuels Projects in Developing Countries: GRFA
Fuels & Processing
-
Narrow Light-Heavy Spread Expected to Continue into 2010
The heavy sour crude spread continues to narrow. With the rapid improvement in refinery complexity during the past five years, particularly with regard to cokers, more refiners are looking for heavy sour crude for their upgraded facilities and finding it harder to find these crudes at the lucrative discounts seen just a few years ago.
-
Refiners Placing High Priority on Employee Retention
Depending how long the downturn in the energy industry continues, it will be difficult for many staffers to ascertain what future role they will play in the industry.
-
Diesel Rebound, Gasoline Decline Seen in OPEC Forecast
Middle distillate demand inevitably will rebound following the current global economic crisis, while gasoline demand will continue to decline, according to OPEC’s World Oil Outlook 2009 report.
-
ExxonMobil Showcases New Fuel-Efficient Dodge for NASCAR Challenge
To help consumers become aware of fuel conservation methods during the summer months, ExxonMobil will roll out its Mobil 1 Advanced Fuel at Chicago’s NASCAR event.
-
BASF, Sinopec Joint Venture Expanding Capacity
The BASF and Sinopec joint venture recently announced expansion of the steam cracker at Nanjing petrochemical complex, which went on onstream less than four years ago. The petrochemical value chain downstream from the ethylene steam cracker is also diversifying.
-
World Bank Failing to Fund Biofuels Projects in Developing Countries: GRFA
Many countries in the developing world could quickly develop biofuel projects if financing were available, and the World Bank is failing to play a role and finance such projects, according to the Global Renewable Fuels Alliance.
Feature
-
-
Jobs, Carbon Offsets, Nuclear Energy, Drilling: Key in U.S. Senate Battle over ‘Cap and Trade’
U.S. Senate leadership is touting job creation, carbon offsets, offshore drilling and nuclear energy in an effort to round up enough votes to pass the sweeping cap-and-trade legislation passed last month by the House. A proposed bill is expected by the end of the month with a committee vote before the August recess.
Key Market Prices
-
Key Market Prices
Transportation & Logistics
-
Study: Fossil Fuel Conversion to Electricity Increases Energy Efficiency
Moving from conventional fossil fuels to electric end-use technologies could save 4,400 million tons in carbon dioxide emissions by 2030, according to an analysis released yesterday.
-
Sanyo, Hitachi Hope to Ramp Up Lithium-ion Battery Production
Battery makers are hoping to take advantage of the forecasted increased use of hybrid vehicles and plug-in hybrids.
-
Brief: Hyundai Launches LPG Hybrid in South Korea
Hyundai has unveiled a hybrid car for South Korea’s domestic market that uses liquefied petroleum gas.
Margins & Economics
-
NYMEX Crude Closes Down 4% on High U.S. Distillate Inventories
The August NYMEX crude oil future price closed at $60.14, marking the sixth straight trading day that the price has fallen.
-
Ethanol Spot Prices Drop 2¢ to 8¢ per Gallon
Volatility in ethanol and corn markets appears to encourage end user to focus on just-in-time inventory.
-
China’s Fuel Hikes Seen to Benefit State-run Sinopec and CNPC
The Chinese government’s decision to raise fuel prices in keeping with rising oil prices will help the profits of Sinopec and CNPC, an analyst notes.
Public Policy
-
CFTC to Hold Hearings on Speculation in Energy Markets Looking to Regulation
Concerned about wide fluctuations in the prices of energy commodities such as oil, natural gas and gasoline, the Commodity Futures Trading Commission will hold hearings this summer on the possibility of it leveling volume limits on purely financial investors in such markets.
-
G8 Nations Fail to Approve Plan Halving GHG Emissions by 2050
At the Group of 8 Summit in Italy, G8 leaders were unable to persuade leaders from developing countries to back a plan pledging to halve global greenhouse gas emissions by 2050.
-
Senator Grassley Worries about RFS-2 Delays Effect on Biodiesel
While understanding that the issues the Environmental Protection Agency is dealing with in implementing the new Renewable Fuels Standard “are complex,” Sen. Chuck Grassley said he was worried about the effect any delay in implementation would have on the biodiesel industry.
-
Alstom and AES Join USCAP
Companies from the transport and power sectors have joined the U.S. Climate Action Partnership.
