- Key Market Prices
- Crude Futures Close Higher
- Public Policy
- NSF, Japan Science and Technology Agency Issue Joint Awards to Reduce Pesticide Pollution, Promote Biofuel
- Margins & Economics
- Gulf Coast Aromatics Prices Mostly Higher for Week Ending November 11
- Gulf Coast 3-2-1 Crack Spread Falls 0.52% for Week Ending November 4
- Crude Futures Gain US$1.21/bbl on Strong Euro
- Fuels & Processing
- Actor Robert Redford, NRDC Thank Obama for Keystone XL Delay
- TransCanada to Evaluate Keystone XL Route Options
- Obama’s Keystone XL Delay ‘Unacceptable’ – U.S. House Energy, Commerce Leaders
- IEA: Gasoil/Diesel ‘Greatest Impetus for Demand Growth’ in Oil Markets
- E.ON Unveils Wind-to-Hydrogen Scheme; Blending with Natural Gas
- Virtual Inventory System Delivers Savings for Ethanol Shippers
- Electric Power
- Nissan, Sumitomo Unveil Vastly Cheaper EV Quick-Charger
- Transportation & Logistics
- Alaska Airlines Launches Biofuel-Powered Commercial Service in U.S.
- Volvo to Launch EV Test Program in Shanghai
Fuels & Processing
-
Actor Robert Redford, NRDC Thank Obama for Keystone XL Delay
On the eve of the November 10 decision by the Obama Administration’s Department of State to delay any decision on the Keystone XL pipeline, the Natural Resources Defense Council (NRDC) and a former actor issued supportive statements on the move.
-
TransCanada to Evaluate Keystone XL Route Options
On the eve of the November 10 decision by the Obama Administration’s Department of State to delay any decision on the Keystone XL pipeline, TransCanada Corp. issued a release saying it has spoken with the U.S. Department of State (DOS) and will have conversations with the DOS in the coming days to discuss next steps.
-
Obama’s Keystone XL Delay ‘Unacceptable’ – U.S. House Energy, Commerce Leaders
Shortly after the November 10 decision by the Obama Administration’s Department of State to delay any decision on the Keystone XL pipeline, House Energy and Commerce Committee leaders responded by expressing deep disappointment.
-
IEA: Gasoil/Diesel ‘Greatest Impetus for Demand Growth’ in Oil Markets
Gasoil/diesel once again is taking the lead in global oil demand trends, according to the latest monthly International Energy Oil Market Report, released November 10.
-
E.ON Unveils Wind-to-Hydrogen Scheme; Blending with Natural Gas
European power giant E.ON announced November 11 that it’s investing more than €5 million (US$6.8 million) in a pilot plant in Falkenhagen in Germany to convert power from wind energy into hydrogen, which can then be stored in the country’s natural gas grid.
-
Virtual Inventory System Delivers Savings for Ethanol Shippers
Norfolk Southern (NS) is supporting ethanol shippers with a new virtual inventory management and delivery system that can cut in half the time it takes to transload shipments at Thoroughbred Bulk Transfer (TBT) facilities.
Feature
-
-
Siemens Boosts Stake in Novel Marine Current Turbine Developer
Siemens announced November 4 that it boosted its stake in U.K.-based Marine Current Turbines (MCT) to 45%, part of the company’s strategy to expand its renewable power technology portfolio.
Key Market Prices
-
Crude Futures Close Higher
Electric Power
-
Nissan, Sumitomo Unveil Vastly Cheaper EV Quick-Charger
Nissan Motor announced November 10 that it will partner with Sumitomo Corp. to sell 480-volt direct current (DC) quick-chargers for electric vehicles (EVs) in the U.S. market.
Transportation & Logistics
-
Alaska Airlines Launches Biofuel-Powered Commercial Service in U.S.
Alaska Airlines announced this week that it will fly 75 commercial passenger flights in the United States powered by biofuel, starting November 9.
-
Volvo to Launch EV Test Program in Shanghai
Volvo announced November 9 that it’s joining with Shanghai International Automobile City Group – a local government supervision authority – in a demonstration program featuring two Volvo “C30” electric vehicles (EVs) to operate in the community of Jiading outside Shanghai.
Margins & Economics
-
Gulf Coast Aromatics Prices Mostly Higher for Week Ending November 11
U.S. Gulf Coast aromatic spot prices and other prices were mostly higher for the week ending November 11.
-
Gulf Coast 3-2-1 Crack Spread Falls 0.52% for Week Ending November 4
The 3-2-1 crack spread for the Gulf Coast lost 0.52% from US$25.00 per barrel (/bbl) to $24.87/bbl for the week ending November 4. The New York 3-2-1 crack spread rose 9.57% from $23.18/bbl to $25.40/bbl for the same period.
-
Crude Futures Gain US$1.21/bbl on Strong Euro
Public Policy
-
NSF, Japan Science and Technology Agency Issue Joint Awards to Reduce Pesticide Pollution, Promote Biofuel
The U.S. National Science Foundation (NSF) reported November 7 that four joint United States and Japanese research teams have been awarded funds totaling about US$12 million (about ¥960 million) to develop new environmentally friendly techniques to increase the production of renewable biofuel and reduce pesticide use.
