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Today in Energy
1 - E85 fueling station availability is increasing
Short, timely articles with graphics on energy facts, issues, and trends.
2 - Net crude and petroleum products imports fell relative to other major net import flows
3 - Ethanol producers benefiting from higher margins for distillers grains
4 - Brent crude oil trading range in 2013 was narrowest since 2006
5 - Natural gas storage capacity up 2% in 2013 led by West, salt capacity in Producing region
The number of retail fueling stations offering motor fuel that can be up to 85% ethanol, known as E85, has grown rapidly since 2007. According to the Alternative Fuels Data Center (AFDC), Minnesota continues to lead the nation, with 336 E85 retail locations. However, in recent years, states outside of the Midwest have experienced some of the fastest growth. Currently, 2% of all retail stations in the United States offer E85, serving the approximately 5% of the U.S. light-duty vehicle fleet capable of running on E85.
Changes in crude oil and petroleum products trade account for most of the recent narrowing of the total U.S. trade deficit. Monthly trade data show the value of crude and petroleum products net imports was roughly equal to the value of electronics net imports in November 2013, and close to the value of net imports of both machinery and vehicles and parts. The monthly oil and petroleum trade deficit had exceeded that of other major commodity categories since it broke away from vehicles and parts in 2004.
The abundant 2013 corn harvest lowered the price of corn, a key input to ethanol production. In addition to lower corn input costs, ethanol producers are also benefiting from improving margins for dried distillers grains, an important supplement for animal feed that is the major co-product of ethanol production from corn. Sales of dried distillers grains provide a significant portion of the total revenue received by ethanol facilities, underpinning the economic feasibility of ethanol fuel production.
In 2013, North Sea Brent crude oil, the most important global benchmark for waterborne light sweet crude, traded in the narrowest price range since 2006 and exhibited the lowest magnitude of daily price movements in more than 10 years. The minimum closing price for 2013 was $97.69 per barrel (bbl) on April 17, and the maximum closing price was $118.90/bbl on February 8, representing a trading range of $21.21 for the year
U.S. natural gas storage capacity grew 2% in 2013, led by strong gains in salt-based storage in the traditional Producing region as well as in nonsalt storage fields in the West. In contrast, there was almost no growth in the East. Each measure of aggregate storage capacity tracked by EIA, demonstrated (peak volume actually injected into active storage facilities) and design (physical storage capacity), increased by 2% from 2012.
Oil and Gas
1 - Central Europeans want U.S. gas to cut dependence on Russia
Latest news on oil prices, fracking, drilling, refining, and processing for gas.
2 - UPDATE 5-Libya threatens to bomb N.Korean tanker if it ships oil from rebel port
3 - UPDATE 4-Libya says will bomb N.Korean ship if it exports seized oil
4 - UPDATE 3-Libya port rebels say exporting oil, escalating standoff
5 - Russia says restarts nuclear fuel transit to Europe via Ukraine
6 - EXCLUSIVE-Astenbeck fund jumps in Feb on oil rally that could help Oxy
7 - UPDATE 9-U.S. oil rises $1/bbl on jobs growth, West-Russia tensions
8 - Chevron's U.S. win in Ecuador case looms over cases elsewhere
9 - CERAWEEK-UPDATE 1-Latin America takes oil spotlight despite troubles
10 - UPDATE 1-Petronas secures Indian partners for Canadian LNG plan
11 - Raise the gas tax?
12 - LaHood: Need to raise gas tax
13 - The outdated gas tax
14 - Venezuela renews $5 bln China credit line, seeks Russia financing
15 - CERAWEEK-Latin America takes oil spotlight despite troubles
16 - UPDATE 7-U.S. oil rises on surprisingly strong job growth, Ukraine
17 - Ukraine's impact on oil and gas prices
18 - Russian energy giants turn on each other
19 - FACTBOX-North America natural gas export plans
20 - UPDATE 2-Europe's gas supply at risk as Gazprom warns Ukraine over unpaid bills
21 - INSIGHT-Troubled past haunts Mexico oil company at center of Citi scandal
22 - Oil in Canada concerns Maine environmentalists
23 - Mayors seek assurances on gas line project
24 - UPDATE 6-Oil rises above $108 as U.S. jobs, Ukraine support
25 - APNewsBreak: Nearly 150 illegal oil waste dumps
26 - Gasoline prices in Arizona at $3.33 per gallon
27 - UPDATE 5-Oil steady around $108; US jobs, Ukraine tension support
28 - UPDATE 4-Oil slightly firmer around $108 before U.S. jobs report
29 - UPDATE 3-Oil slips to $108, eyeing Ukraine, before U.S. jobs report
30 - UPDATE 2-Kazakhstan sues foreign oil majors over flailing Kashagan
PRAGUE, March 8- Four central European countries have asked the U.S. Congress to make it easier for them to import natural gas from the United States and reduce their dependence on supplies from Russia, the Czech Foreign Ministry said on Saturday.
*Independent crude shipment to market challenges Tripoli. TRIPOLI, March 8- Libya threatened on Saturday to bomb a North Korean-flagged tanker if it tried to ship oil from a rebel-controlled port, in a major escalation of a standoff over the country's petroleum wealth.
*Independent crude shipment to market challenges Tripoli. TRIPOLI, March 8- Libya threatened on Saturday to bomb a North Korean-flagged tanker if it tries to export oil from a rebel-controlled port east of Tripoli, in a major escalation of a standoff over the country's petroleum wealth.
*Navy threatened tankers loading crude at seized ports. TRIPOLI, March 8- Armed protesters controlling ports in eastern Libya said on Saturday they had started independently exporting oil, bypassing the central government in a major escalation of their blockade to demand a share of the nation's petroleum wealth.
MOSCOW, March 8- Rosatom, Russia's state energy corporation, said on Saturday it would resume nuclear fuel shipments to Europe via Ukraine after Kiev lifted a ban imposed during anti-government protests earlier this year on transporting the hazardous material.
NEW YORK, March 7- Famed oil bull Andy Hall's hedge fund rose nearly 8 percent in February in its biggest monthly gain in 2-1/ 2 years, boosted by a rally in crude oil that could help Occidental Petroleum's chances of selling its stake in the fund.
*Russia says US sanctions over Ukraine would boomerang back. NEW YORK, March 7- U.S. oil rose more than $1 a barrel on Friday as Western relations with Russia worsened over the crisis in the Ukraine and U.S. job growth accelerated by more than expected in an upbeat sign for oil demand.
NEW YORK, March 7- Ecuadorean villagers who are trying to get billions of dollars from Chevron Corp for pollution in the Amazon jungle are ready to refocus their fight on pending suits in other countries after a setback in the United States.
With proven oil reserves of 340 billion barrels, the world's second-largest behind the Middle East, Latin America is trying to attract foreign capital for Colombia's onshore and offshore blocks as well as Argentina's large unconventional resources and Mexico's fast-track energy reforms.
VANCOUVER/ NEW DELHI, March 7- Petronas' plan to build a liquefied natural gas terminal on Canada's Pacific coast edged closer to reality on Friday, as the Malaysian energy giant secured a third equity and offtake partner for the massive gas export project.
The case for raising the gas tax, with Carl Davis, Institute on Taxation and Economic Policy, and Chris Edwards, CATO Institute director of tax policy studies.
Former U.S. Secretary of Transportation Ray LaHood discusses the highway trust fund, and why the gas tax needs to be raised.
Federal gas tax is currently $0.18 per gallon. CNBC's Phil LeBeau reports this tax has not been raised since 1993.
CARACAS, March 7- Venezuela is renewing a $5 billion credit line with China that will be repaid in oil and other fuels and is negotiating a financing deal with Russia for an undisclosed sum, the country's economy vice president said on Friday.
With proven oil reserves of 340 billion barrels, the world's second-largest behind the Middle East, Latin America is trying to attract foreign capital for Colombia's onshore and offshore blocks, Argentina's large unconventional resources and Mexico's fast-track energy reform.
*Putin rebuffs Obama as Ukraine crisis escalates. NEW YORK, March 7- U.S. oil rose more than $1 a barrel on Friday as tensions lingered in Ukraine and a report that U.S. job growth accelerated by more than expected in February offset a seasonal slowdown in demand for crude. The Ukraine crisis escalated as President Vladimir Putin rebuffed a warning from U.S.
Richard Mallinson, geopolitical analyst at Energy Aspects, discusses the impact the crisis in Ukraine could have on the price of oil and gas, as major pipelines linking Russia to Europe run through Ukraine.
Russia's top crude oil producer Rosneft challenges Gazprom over pipelines to export gas to China.
March 7- Tensions in Ukraine have spurred U.S. officials to press the government to speed up exports of abundant U.S. natural gas to Europe as Russia moves to take control of part of the embattled nation.
*Gazprom hints gas flows cuts to Ukraine and Europe may be repeated. *Ukraine failed to pay for Feb gas supplies on time- Gazprom.
NEW YORK/ MEXICO CITY, March 7- The company at the center of an alleged fraud that forced Citigroup Inc to cut its 2013 profit won billions of dollars in contracts from Mexico's state oil monopoly over the past decade, even after Mexican officials and private lawsuits raised red flags about the contractor's activities.
PORTLAND, Maine-- Environmental groups say a decision by the Canadian National Energy Board shows how a crude oil pipeline could be repurposed to export large amounts of oil through the Maine city of South Portland.
JUNEAU, Alaska-- Borough mayors in Alaska want to ensure they have a say on terms that will affect local communities and be negotiated by the state in pursuit of a mega-liquefied natural gas project.
*Putin rebuffs Obama as Ukraine crisis escalates. LONDON, March 7- Oil edged above $108 a barrel on Friday as supply concerns arising from the Ukraine crisis and a better-than-expected U.S. jobs report offset a seasonal slowdown in demand for crude. The Ukraine crisis escalated as President Vladimir Putin rebuffed a warning from U.S.
BISMARCK, N.D.-- People have been caught nearly 150 times in the past year attempting to illegally dump loads of oil field waste _ much of it radioactive _ at two of the biggest landfills in western North Dakota, records obtained Wednesday by The Associated Press show.
Officials with AAA Arizona said Thursday that the average statewide price for unleaded regular gasoline is $3.33 a gallon. Tucson has Arizona's lowest average gasoline price at $3.24 a gallon and Flagstaff has the highest at $3.47.
*Putin rebuffs Obama as Ukraine crisis escalates. LONDON, March 7- Oil was steady around $108 a barrel on Friday as supply concerns arising from the Ukraine crisis and a better-than-expected U.S. jobs report offset a seasonal slowdown in demand for crude. The Ukraine crisis escalated as President Vladimir Putin rebuffed a warning from U.S.
*Putin rebuffs Obama as Ukraine crisis escalates. LONDON, March 7- Oil held around $108 a barrel on Friday as investors balanced supply concerns arising from the Ukraine crisis with seasonally slowing crude demand and forecasts for only modest U.S. jobs growth in February.
*Putin rebuffs Obama as Ukraine crisis escalates. LONDON, March 7- Oil edged lower to around $108 a barrel on Friday as seasonally slowing crude demand and forecasts for only modest U.S. jobs growth in February trumped supply concerns arising from the Ukraine crisis.
ASTANA, March 7- Kazakhstan is suing foreign oil majors developing its huge Kashagan oilfield in the Caspian Sea, a tactic similar to those that secured the government large stakes in two of the three multinational energy projects on its territory.