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AOPL asks FERC to protect pipeline construction financing

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.

Deloitte: US LNG exports will face complex market dynamics

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 to move Bakken crude by rail to Bayway refinery

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 to cease refining in Hawaii

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).

EIA forecasts loose global oil market through 2014

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.

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