The Association of Oil Pipelines (AOPL) asked the US Federal Energy Regulatory Commission on Jan. 7 to fix a developing dispute that the trade association says threatens pipelines’ ability to get financing for new construction.
Anticipated US natural gas exports are expected to provide economic benefits to gas importing countries but probably will not trigger a significant rise in US gas prices, said a report released by Deloitte’s Center for Energy Solutions.
Phillips 66 signed a 5-year contract with Global Partners LP under which Global will use its rail loading, logistics, and transportation network to deliver crude oil from the Bakken formation of North Dakota to the Phillips 66 Bayway refinery in New Jersey.
Tesoro Corp. will halt refining at its 93,700-b/cd Kapolei refinery in Hawaii after a year-long effort to sell the facility proved unsuccessful (OGJ Online, Jan. 11, 2012).
In its latest Short-Term Energy Outlook, issued Jan. 8, the US Energy Information Administration forecasts a fairly loose oil market in the next 2 years, as higher global consumption will be more than offset by increasing global supply.