Enterprise Products Partners and TEPPCO have agreed to form the largest publicly traded energy master limited partnership (MLP) in the United States. The deal, which is expected to be accretive to fiscal year 2010 earnings, will also enable Enterprise to enter the potentially lucrative Marcellus shale play in the Northeast through TEPPCO’s operations and holdings.

American Trucking Associations (ATA) noted an increase in U.S. truck tonnage in May 2009, but warns that the recession isn’t over.

In a continuing series of grant awards that started earlier this year, U.S. Environmental Protection Agency on June 29 announced three more state grants.

The August NYMEX crude oil futures price jumped 3% yesterday, to $71.49/bbl.

Ethanol buyers are purchasing most of the supplies in the prompt market and not committing to out-month deliveries.

PetroChina appears to be increasing its list of assets outside of China, with reports that the company is engaging in talks with Ineos over the 220,000 b/d Grangemouth refinery in Scotland.

Russia’s Gazprom Neft bought additional shares of the struggling refiner Sibir Energy last week, making Gazprom the majority stakeholder in the company.

Taiwan’s CPC has increased the domestic prices for gasoline and diesel, arguing that the increases will help the state-run refiner absorb losses.

The American Clean Energy and Security Act squeaked through the U.S. House with almost 20% of the Democrats there opposed to it. As it moves to the Senate it may face even more difficulty with opposition from senators representing energy producing states and the manufacturing rust belt are expected to at least demand changes.

A report from the U.S. Government Accountability Office found that seven U.S. downstream mergers between 2000 and 2007 resulted in very little to no impact on U.S. wholesale gasoline prices.

Trade associations representing the interests of U.S. refiners reacted negatively to the energy and climate change bill passed June 26 in the U.S. House of Representatives.