MENU
Supply, Marketing, Distribution, Transportation & Logistics News & Information
June 2017 Issue

Fuels & Supply

ExxonMobil: New York Attorney General’s “Reckless and False Allegations” Misstate Climate Policies

New York Attorney General Eric Schneiderman made “inflammatory, reckless and false allegations” when he misstated how ExxonMobil assesses the potential impacts of climate policy on its business to justify expanding a politically based investigation with “ever-shifting and unravelling investigative theories.”   “From the outset of this...

Read More

RFS Has Been “Tremendously Success” Since Adoption, According to RFA Analysis

June 8, 2017 • App Homepage, Fuels & SupplyComments Off on RFS Has Been “Tremendously Success” Since Adoption, According to RFA Analysis

By Emily Druckman, Renewable Fuels Association (RFA)   More than a decade after the original Renewable Fuel Standard (RFS) was signed into law, tremendous progress has been made toward its goals of energy security, clean air and boosting local economies,...

EIA: Markets Expected to Tighten in the Third Quarter of 2017, Then Loosen Through 2018

June 8, 2017 • App Homepage, Fuels & SupplyComments Off on EIA: Markets Expected to Tighten in the Third Quarter of 2017, Then Loosen Through 2018

World production of crude and liquids has been revised slightly downward from the Energy Information Administration’s (EIA’s) May Short-Term Energy Outlook (STEO) for both 2017 and 2018. OPEC met on May 25, 2017, and announced an extension to...

API Applauds Senate Committee Action on FERC Nominees

June 7, 2017 • App Homepage, Fuels & SupplyComments Off on API Applauds Senate Committee Action on FERC Nominees

The American Petroleum Institute (API) applauded the action by the U.S. Senate Energy and Natural Resources Committee to advance the nominations of Neil Chatterjee and Rob Powelson to the Federal Energy Regulatory Commission (FERC), and called on the...

API: Improved Implementation of Ozone Standards Will Help Local Economies and Ensure Job Security

June 7, 2017 • App Homepage, Fuels & SupplyComments Off on API: Improved Implementation of Ozone Standards Will Help Local Economies and Ensure Job Security

The American Petroleum Institute (API) said that the Environmental Protection Agency’s (EPA’s) announced delay of the implementation of the 2015 ozone standards offers a needed opportunity for states, the administration and Congress to improve the...

EIA: U.S. Remains the World’s Top Producer of Petroleum and Natural Gas Hydrocarbons

June 7, 2017 • App Homepage, Fuels & SupplyComments Off on EIA: U.S. Remains the World’s Top Producer of Petroleum and Natural Gas Hydrocarbons

Principal contributor: Linda Doman   Source: U.S. Energy Information Administration (EIA)   The United States remained the world’s top producer of petroleum and natural gas hydrocarbons in 2016 for the fifth straight year despite production...

OPEC Output Up 270,000 at 32.12 Million Barrels Per Day, Highest Since January 2017

June 6, 2017 • App Homepage, Fuels & SupplyComments Off on OPEC Output Up 270,000 at 32.12 Million Barrels Per Day, Highest Since January 2017

OPEC members’ crude output rose 270,000 barrels per day (b/d) to 32.12 million barrels per day compared to April, according to an S&P Global Platts survey, driven by sharp output recoveries in Libya and Nigeria, both of which are exempt from the...

Growth Continues as May U.S. Rig Count Increases 6% Over Prior Month

June 6, 2017 • App Homepage, Business Management, Fuels & SupplyComments Off on Growth Continues as May U.S. Rig Count Increases 6% Over Prior Month

Platts RigData, a forecasting and analytics unit of S&P Global Platts, announced that the U.S. rig count for May 2017 was 1,026, up 55 (6%) from April 2017, and up 581 (131%) from May 2016. This rig count includes U.S. onshore, U.S. inland waters and U.S....

RFA: “Nonsensical” Barrier Limiting Consumer Access to E15 Begins

June 6, 2017 • App Homepage, Fuels & Supply, Retail OperationsComments Off on RFA: “Nonsensical” Barrier Limiting Consumer Access to E15 Begins

June 1 marked the official beginning of the Environmental Protection Agency’s (EPA’s) “summer ozone control season,” which essentially prohibits retail gas stations from selling E15 (gasoline containing 15% ethanol) in more than two-thirds of...

EIA: Oil Companies’ Proved Reserves Decline for Second Consecutive Year as Finding Costs Remain Near Historical Average

June 6, 2017 • App Homepage, Fuels & SupplyComments Off on EIA: Oil Companies’ Proved Reserves Decline for Second Consecutive Year as Finding Costs Remain Near Historical Average

Excerpt from EIA’s This Week in Petroleum, June 1, 2017   Information in the 2016 annual reports of 68 publicly-traded oil companies indicates that their aggregate proved reserves declined in 2016 for the second consecutive year. In addition,...