In The News

Wednesday, 09/28/2022

September 28, 2022 – Bloomberg

(BN) US REFINERY INSIGHTS: Shutdowns, Maintenance Lift Crack Spreads

By: Barbara Powell, Chunzi Xu

Exacerbating matters: A strike by workers at France’s oil refineries is disrupting fuel supplies in Europe’s third-largest economy, further tightening global supplies and boosting diesel margins.

“It seems the cracks bottomed out as high prices depressed demand and now you have a pretty strong maintenance season and fairly large outage for Toledo,” said John Auers, managing director of Refined Fuels...

Monday, 09/19/2022

September 19, 2022 – Wall Street Journal

U.S. Natural Gas Output Hit a Record High

By: Ryan Dezember

Daily natural gas production in the US is hitting triple digits for the first time ever, the latest sign of just how strong demand has become for the commodity. "Lower 48 natural gas production this month hit a once-unthinkable milestone, topping the all-important psychological threshold of 100B cubic feet per day for the first time," says RBN Energy's Sheetal Nasta in a research note, noting its model showed the first 100-bcf...

Wednesday, 09/14/2022

September 14, 2022 – Reuters

U.S. Northeast faces potential energy shortages as rails start to shut

By: Laila Kearney, Laura Sanicola and Jarrett Renshaw

NEW YORK, Sept 14 (Reuters) - Some trains carrying fuel components to the U.S. Northeast have been halted in preparation for a possible railroad shutdown in the coming days, two sources familiar with the situation said on Wednesday.

The northernmost East Coast states rely on railroad shipments to supplement pipeline deliveries from the U.S. Gulf. The region is among the largest fuel...

Tuesday, 09/13/2022

September 13, 2022 – LP Gas

Winter preview: Steady as it goes

By: James Guyette

Although propane retailers may be a little leery of what this year’s winter will bring in the form of challenges and unforeseen circumstances, a feeling of confidence and competence appears to be taking hold as the industry gets down to the business of preparing for another heating season.

Although overall supply is going to remain tight, “the market is in better shape than we were at this time last year,” says Rusty Braziel, the founder and executive...

Thursday, 09/08/2022

September 8, 2022 – Bloomberg News

Californians Can't Catch a Break as Gasoline Prices Rise Again

By: Chunzi Xu

Gasoline stockpiles on the US West Coast have fallen by 11% since the beginning of August amid a lack of imports to their lowest level in about seven years, data from the Energy Information Administration show. The California grade of gasoline known as Carbob also saw inventories drop to 8% below the five-year average for this time of year, according to the California Energy Commission.

Refiners in the state are running harder,...