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Today in Energy
1 - Mexico Week: U.S.-Mexico electricity trade is small, with tight regional focus
Short, timely articles with graphics on energy facts, issues, and trends.
2 - Mexico Week: Record Mexican natural gas imports include higher flows from U.S.
3 - Mexico Week: Crude oil moving north, products moving south characterizes U.S.-Mexico trade
4 - Mexico Week: Lower Mexican oil production contributes to lower crude oil exports to U.S.
5 - Mexico Week: U.S. is Mexico's primary energy trade partner amid shifting trade dynamics
U.S. electricity trade with Mexico represents a small fractionless than a hundredth of a percentof total U.S. electricity use. A small amount of electricity trade with Mexico exists in California, New Mexico, and Texas, where transmission lines cross the border.
Mexico imported a record volume of natural gas in 2012, about 2.1 billion cubic feet per day (Bcf/d), which was up 21% from 2011. Natural gas flows from U.S. pipelines accounted for about 80% of Mexico's overall natural gas imports in 2012; U.S. natural gas exports to Mexico in 2012 were almost 1.7 Bcf/d, more than 24% higher than in 2011.
The United States and Mexico conduct a significant amount of trade in crude oil and petroleum products, with the United States primarily importing crude oil from Mexico and exporting refined petroleum products to Mexico. In 2012, the United States imported nearly one million barrels per day (bbl/d) of crude oil from Mexico, while exporting 600,000 bbl/d of petroleum products to Mexico.
Crude oil exports anchor the energy trade between Mexico and the United States. In 2012 Mexico was the world's ninth largest oil producer. The value of crude oil exports from Mexico to the United States reached $35.7 billion in 2012, having more than doubled since 2004. However, Mexico's crude oil production and exports to the United States have both fallen. Last year was the first time since 1994 that annual exports of Mexican crude oil to the United States fell below 1 million bbl/d.
Energy trade between Mexico and the United States in 2012 topped $65 billion and accounted for 13% of the $494 billion in overall trade between the countries. Crude oil and petroleum products account for most of the energy trade; in 2012, Mexico was the third-largest crude oil exporter to the United States, behind only Canada and Saudi Arabia, accounting for 11.4% of all U.S. crude oil imports.
Oil and Gas
1 - UPDATE 1-Brent holds below $105 on moderate demand outlook
2 - INSIGHT-The road to a greener America is littered with road-kill
3 - ANALYSIS-At margins of US shale oil boom, a tempered euphoria
4 - INSIGHT-The fight for North Dakota's fracking-water market
5 - Brent holds below $105, moderate demand outlook offsets strong data
6 - NYMEX-Oil holds above $96 on U.S. economic data
7 - Gas prices rise on refinery outages - Lundberg survey
8 - Texas joins flood of states suing BP over 2010 Gulf spill
9 - Giant of Shareholders, BlackRock Quietly Stirs
10 - UPDATE 3-US ends freeze on new natural gas exports, approves Texas terminal
11 - Lightning Round
12 - UPDATE 3-Oil price probe widens, US senator wants Justice Dept help
13 - U.S. senator seeks probe into impact of alleged EU oil price manipulation
14 - UPDATE 8-Oil rises for third day, despite firm dollar
15 - UPDATE 1-U.S. approves second terminal to export natural gas
16 - U.S. FTC OKs Tesoro purchase of BP Calif. refinery, assets
17 - UPDATE 7-Oil edges up for third day on strong U.S. data
18 - COLUMN-Carbon capture faces scale dilemma: Gerard Wynn
19 - UPDATE 1-Oil price probe widens to include Dutch trading house
20 - BLM draft fracking rules get close look in Wyo.
21 - UPDATE 2-Mexico annual economic growth slows sharply in early 2013
22 - COLUMN-Busting the carbon budget: Kemp
23 - AB UPDATE 5-Oil rises towards $105, shrugs off firm dollar
24 - Southwestern closes deal for gas-producing land
25 - UPDATE 4-Oil edges up to $104, demand worries weigh
26 - UPDATE 3-Oil below $104 on demand worries, strong dollar
27 - RPT-INTERVIEW-South Stream pipeline is a reality, will be built -exec
28 - Platts in Lockdown as Investigators Continue Oil Probe
29 - NYMEX-Oil slips towards $95 on uncertainty over demand growth
30 - Lightning Round
CHENNAI, India, May 20- Brent crude futures held below $105 per barrel on Monday supported by positive economic data and strong equity markets, while a moderate outlook for demand and ample supplies dragged on prices.
LOS ANGELES, May 20- In October 2004, then California Governor Arnold Schwarzenegger rolled up to a pioneering fueling station at Los Angeles International Airport in a hydrogen-powered metallic blue Hummer loaned to him by General Motors Corp..
HOUSTON/ NEW YORK, May 20- For the past three years, the boom in the U.S. shale oil industry has outstripped all expectations. News from two of the country's less developed shale plays in Colorado and Ohio last week offer a reality check for the wave of euphoria that has washed across the industry.
WATFORD CITY, North Dakota, May 19- In towns across North Dakota, the wellhead of the North American energy boom, the locals have taken to quoting the adage: "Whiskey is for drinking, and water is for fighting." It's not that they lack water, like Texas and California.
CHENNAI, India, May 20- Brent crude futures held below $105 per barrel on Monday supported by positive economic data and strong equity markets, while a moderate outlook for demand and ample supplies dragged on prices. "The oil market is getting into what I think will prove to be the top-end of the range," said Ric Spooner, chief market analyst at CMC Markets in Sydney.
PERTH, May 20- U.S. crude futures were steady in early Asian trading on Monday, holding above $96 a barrel after rallying last week on positive economic data in top oil consumer the United States. *U.S. oil rose 9 cents to $96.11 a barrel by 0047 GMT.
May 19- The price of a gallon of gasoline in the United States rose sharply in the last two weeks amid outages at Midwest and West Coast refineries, according to a widely followed survey released on Sunday.
May 18- Texas has joined the crowd of Gulf of Mexico states to file suit against BP Plc, Halliburton Co and others for their role in one of the worst oil spills in U.S. history. Texas joins four other states that have sued BP and other companies in connection to the spill: Florida and Mississippi filed complaints last month, while Alabama and Louisiana did in 2010..
BlackRock, the world's largest asset manager, is starting to ask more questions, the NYT reports.
*Freeport first project approved since 2011.
You say the name of a stock, and Mad Money's Jim Cramer tells you whether to buy or sell.
LONDON/ WASHINGTON, May 17- A European probe into possible oil price manipulation expanded with the investigation of a small niche trading house in the Netherlands and a key U.S. senator on Friday called for the Justice Department to join the investigation.
WASHINGTON, May 16- The chairman of the U.S. Senate's energy committee asked the Justice Department on Friday to investigate whether alleged price manipulation by three oil companies in Europe has boosted fuel prices for U.S. consumers.
NEW YORK, May 17- Oil climbed for a third straight session on Friday, supported by a raft of strong economic data from top oil consumer the United States that also boosted U.S. equities, although a strong dollar limited gains in oil prices.
The approval of natural gas exports from Freeport LNG's Quintana Island, Texas, terminal ends nearly a two-year pause in the Energy Department's review of export applications, as the administration sought to address concerns that sending U.S. gas abroad could harm U.S. manufacturers.
May 17- The U.S. Federal Trade Commission on Friday said it approved Tesoro Corp's purchase of BP Plc's 240,000 barrel per day Los Angles area refinery and other assets in a 3-0 vote. The commission found the deal would not substantially lessen competition among seven refiners for gasoline in California, the nation's largest gasoline market.
NEW YORK, May 17- Oil climbed for a third straight session on Friday, supported by a raft of strong economic data from top oil consumer the United States that boosted U.S. equities, although a strong dollar limited gains in oil prices.
LONDON, May 17- European policymakers face a difficult decision on building carbon capture and storage- saving money in the long run requires spending more upfront. CCS captures carbon dioxide emissions from a fossil fuel power plant and then pipes it to an underground storage site such as a depleted gas or oil reservoir.
*European Commission has raided pricing agency Platts. The mid-sized trading company, which deals in physical oil products and owns storage facilities, was visited by inspectors from the European Commission on Tuesday.
CHEYENNE, Wyo.-- Wyoming officials worry that Interior Department rules for hydraulic fracturing on federal land might unnecessarily duplicate the state's existing regulations for the practice which has revolutionized oil and gas development while facing criticism from some as a potential threat to clean groundwater.
MEXICO CITY, May 17- Mexico's annual growth slumped sharply at the start of 2013 to its weakest in three years despite unexpected strength in the services sector, backing expectations of a further interest rate cut later in 2013..
LONDON, May 17- Budgets are made to be broken- especially when they are written by politicians. The shares of petroleum and mining companies listed on New York, London and other stock exchanges value them as if all these resources will be extracted and burned.
*Iraq- Turkey oil pipeline stops again- source. LONDON, May 17- Oil climbed towards $105 a barrel on Friday, rebounding from an earlier decline and heading for a small weekly gain, although concern about the strength of demand growth limited the rise.
HOUSTON-- Southwestern Energy has closed on the purchase of about 162,000 acres of land in Pennsylvania. The Marcellus Shale, a massive underground gas reserve stretching from New York across Pennsylvania and West Virginia to Ohio. Southwestern Energy Co., based in Houston, financed the deal with existing debt.
*Iraq- Turkey oil pipeline stops again- source. LONDON, May 17- Oil edged above $104 a barrel on Friday, rebounding from an earlier decline and heading for a small weekly gain, although concern about the strength of demand growth limited the rebound.
LONDON, May 17- Oil slipped on Friday, staying below $104 a barrel on concern about the strength of demand growth and as policymaker talk of the future removal of U.S. monetary stimulus boosted the dollar. Brent crude slipped 5 cents to $103.73 a barrel by 0825 GMT, and was on course to end the week little changed.
BRUSSELS, May 16- The giant South Stream pipeline to transport natural gas from Russia to the European Union is a reality and is on schedule to be built by the end of 2015, the chief executive of the offshore section of the line said on Wednesday, rebutting widespread doubts that it will ever be built.
European anti-trust investigators searched the offices of price agency Platts and at least one major oil company for a third day on Thursday.
SINGAPORE, May 17- U.S. crude futures slipped towards $95 a barrel on Friday as disappointing U.S. economic data revived worries over demand in the world's biggest oil consumer. U.S. oil had slipped 9 cents to $95.07 a barrel by 0014 GMT, after settling 86 cents higher.
You say the name of a stock, and Mad Money's Jim Cramer tells you whether to buy or sell.