Stillwater News

A Peek at Stillwater’s Office-less Culture

May 6, 2020 ,

May 6, 2020 by Megan Boutwell  In 1998, Dave Hackett started doing some consulting work out of his home office. For most of his career in transportation energy, Dave commuted from various homes in California, Connecticut, Virginia, and (again and finally) California to Mobil Oil offices in Los Angeles, Manhattan, Fairfax, back to Manhattan, and Long Beach. For his new...
Read More

What’s going on with crude? An internal Stillwater conversation in real-time as oil prices plummeted

April 21, 2020 ,

April 21, 2020 By Kendra Seymour As editor of Stillwater’s LCFS Newsletter and a contributor on many of Stillwater’s LCFS-related client projects, I spend most of my time working in renewables markets. Yesterday, as crude markets began showing particularly rare volatility, however, I caught up with my colleague Barry Schaps via Slack to get a better understanding of what was...
Read More

COVID-19 and the LCFS: Groundhog Day

April 15, 2020 , ,

April 15, 2020 By Leigh Noda For the past month, the Stillwater LCFS team has been publishing regular reports on how COVID-19 is affecting the LCFS program and the fuels markets governed by the program. This is the latest of that series. You can read our previous updates here. Want to receive updates like this and other in-depth analysis of the...
Read More

Rebalancing Refinery Jet Production for Covid-19 – How Low Can You Go?

April 15, 2020 ,

April 14, 2020 By Adam Schubert For U.S. refiners, profitability is tightly linked to production of the three major “light” petroleum fuel products – gasoline, diesel, and jet fuel. Individual refineries are typically configured to optimize the yield of these three products with the most economical crudes available in their region and demand in accessible markets. Relative demand for the...
Read More

COVID-19 and the LCFS: Ain’t No Sunshine

April 6, 2020 , ,

April 3, 2020 Note: The title of today’s analysis pays tribute to onetime Navy aircraft mechanic and three-time Grammy Award winner Bill Withers who died March 30th. As AP reporter Mark Kennedy observed, Withers’ “death comes as the public has drawn inspiration from his music during the coronavirus pandemic, with health care workers, choirs, artists and more posting their own renditions on...
Read More

COVID-19’s Economic Impacts on the LNG Market

March 11, 2020 ,

March 11, 2020 By John Wolff Worldwide natural gas markets are unsettled by the current and plausible impacts of the COVID-19 virus.  There has been a widely reported reduction in Chinese crude oil and products demand as auto travel, commercial deliveries, and airline flights have been reduced. The likely duration of the economic impacts is not clearly understood at present....
Read More

Food for Thought: Overly Aggressive NOx Reduction Has Delayed California’s Ozone Attainment by 15 Years

February 12, 2020 , ,

February 12, 2020 By Gary Yowell The California Air Resources Board (CARB) has a long and proud history of ambitious reductions to air pollution which CARB deems necessary to meet ambient air quality standards. Continuing this 50-year trend, CARB is considering reducing its heavy-duty vehicles’ nitrogen oxides (NOx) standard by 90%. This new NOx standard[1] would require extensive and expensive...
Read More

IMO 2020: No Large Speed Bump Thus Far

February 11, 2020 , ,

February 11, 2020 By Ralph Grimmer Over the past three years, Stillwater Associates has offered a series of articles on various aspects of IMO 2020. The long-awaited IMO 2020 regulations were implemented on January 1, 2020 – 40 days ago. In this article, we will provide our takeaways on how the initial rollout has gone, a recap of strategies/tactics that...
Read More

Flash Report: 3Q2019 LCFS Data Show a Continued Slowing Trend in Net Deficits

February 3, 2020 ,

February 3, 2020 On January 31st, 2020 CARB posted the third quarter of 2019 data for the LCFS program. In today’s flash report, we offer a quick look at the third-quarter data. Our comprehensive analysis will be published in Stillwater’s Quarterly LCFS Newsletter which is scheduled to be published on February 14th. The third-quarter data shows a slowing of the...
Read More

95 RON Gasoline and the Political CAFE Ping-Pong Game

January 15, 2020 , , , ,

January 15, 2020 By Ron Pike In an effort to further reduce hydrocarbon consumption in the U.S., 95 RON (Research Octane Number) gasoline has been suggested as a way to help achieve proposed higher corporate average fuel economy (CAFE) requirements. A higher RON allows an internal combustion engine to run at a higher compression ratio, achieve more power, and, therefore,...
Read More

An Updated Guide to EPA’s Tier 3 Gasoline Sulfur Standards

January 5, 2020 , , , , ,

January 5, 2020 by Mike Leister and E.J. Ledet Effective January 1, 2017, the U.S. Environmental Protection Agency (EPA) began requiring all U.S. gasoline to meet an annual 10 parts per million (ppm) average sulfur requirement as part of its new Tier 3 vehicle and fuel regulations. (Stillwater wrote a quick guide to Tier 3 back then, and it’s still...
Read More

Sustainable Aviation Fuel – the key to CORSIA compliance

November 21, 2019 ,

November 21, 2019 By Megan Boutwell Last month we looked at how CORSIA, the International Civil Aviation Organization’s (ICAO) carbon offsetting and reduction scheme for international aviation, is being implemented. The rule is currently in the baseline development phase and won’t be mandatory for international flights until 2027. This international rule is one pillar in a larger strategy set forth...
Read More

2Q2019 LCFS Data – Insights into the Future of Clean Fuels Programs

November 15, 2019 ,

November 15, 2019 By Leigh Noda On October 31st, the California Air Resources Board (CARB) released the data reported by fuel-reporting Entities into the Low Carbon Fuel Standard (LCFS) Reporting Tool (LRT) through the second quarter of 2019. Stillwater has analyzed the data and included our analysis in our Second Quarter 2019 LCFS Newsletter (subscription required). In this article, we...
Read More

Flash Report: 2Q2019 LCFS Data Show Slowing Drawdown of Credit Bank

November 4, 2019 ,

November 1, 2019 On October 31st, CARB posted the second quarter of 2019 data for the LCFS program. In today’s flash report, we offer a quick look at the data. Our comprehensive analysis will be published in Stillwater’s Quarterly LCFS Newsletter which is scheduled to be published on November 14th. The second quarter data show credits growing more than deficits...
Read More

CORSIA – How are we going to police international aviation emissions?

October 24, 2019 , ,

October 24, 2019 By Megan Boutwell As we explained in our CORSIA 101 article a few months back, the goal of CORSIA – the International Civil Aviation Organization’s (ICAO) carbon offsetting and reduction scheme for international aviation – is to cap carbon emissions from international aviation at 2020 levels. In many ways, this United Nations effort to reduce emissions in...
Read More

The Ultimate E-Ticket: California Gasoline Prices*

October 22, 2019 , ,

October 22, 2019 By Dave Hackett On Monday, October 21, my friends at the California Energy Commission (CEC) released “Additional Analysis on Gasoline Prices in California.” This report is a follow-on to a May 2019 report that had been requested by Governor Gavin Newsom. Both reports examine why California gasoline prices are higher than the rest of the country. These...
Read More

How Accurate are VMT Estimates?

October 5, 2019 , , ,

October 15, 2019 By Gary Yowell Estimating vehicle miles traveled (VMT) has important implications for analyzing and forecasting transportation fuel use and carbon dioxide CO2 emissions. VMT estimates are frequently used as the foundation for transportation fuel use analyses and forecasts. This practice should be carefully examined, especially given the four widely varying VMT estimates found for the same historic...
Read More

Where were you when Saudi Aramco was attacked?

September 26, 2019 , ,

September 25, 2019 by Simoon Cannon The recent bombing of the Saudi Arabian Abqaiq gas-oil separation processing plant on September 14th sparked a frenzy of conversations among oil and gas professionals. Wall Street wanted to know how this geopolitical event would affect the price of crude oil, whether it would become a macroeconomic nightmare for the demand and supply balance...
Read More

2019 West Coast Harbor Safety Committee Summit Presentation on IMO 2020

September 19, 2019 , , ,

On September 19th, Stillwater Senior Associate Ralph Grimmer presented at the 2019 West Coast Harbor Safety Committee Summit on the Queen Mary off the coast of Long Beach. The summit was sponsored by the California Department of Fish and Wildlife’s Office of Spill Prevention and Response (OSPR) and the Pacific States/British Columbia Oil Spill Task Force. Ralph spoke about the...
Read More

How Do ZEV Emissions Stack Up Against Super-Clean Gasoline and Diesel Engines?

August 21, 2019 , , ,

August 21, 2019 by Gary Yowell In 1990, California adopted the Zero Emission Vehicle (ZEV) Mandate designed to help achieve the state’s long-term emissions reduction goals by requiring manufacturers to sell specific quantities of battery-electric, fuel cell, and plug-in hybrid electric vehicles. The ZEV mandate has seen several modifications over the past three decades, and now there is a growing...
Read More

Parhelion’s new LCFS Insurance

August 1, 2019 ,

Several years ago, Parhelion introduced the Platinum Carbon Credit invalidation™ insurance product to the California Cap & Trade market and followed up with the Platinum RINs invalidation™ insurance policy for the U.S. Renewable Fuels Standard (RFS) earlier this year. They have now entered another environmental commodity market – California’s Low Carbon Fuel Standard (LCFS). We, at Stillwater, thought our readers...
Read More

IMO 2020: How Will the Marketplace Value New Compliant Marine Fuels?

March 20, 2019 , ,

March 20, 2019 By Jim Mladenik & Ralph Grimmer Over the past two years, Stillwater Associates has offered a series of articles on various aspects of IMO 2020. Implementation of IMO 2020 is now less than ten months away. In this article, we will provide information on data sources providing visibility to spot and futures prices for IMO 2020-compliant blends...
Read More

Sustainable Aviation Fuels Prepare for Takeoff in Washington State

March 13, 2019 , ,

March 13, 2019 By Kendra Seymour My colleagues Megan Boutwell, Jim Mladenik, and I attended the first-ever Washington Sustainable Aviation Fuels (SAF) Summit last week in Seattle. The summit was hosted by Earth Day Northwest 2020 and presented by Boeing, Alaska Airlines, Delta Air Lines, and the Port of Seattle. Washington Governor and U.S. Presidential Candidate Jay Inslee even made...
Read More

War Story: “Go figure it out”

October 15, 2018 , , , ,

by Brian Conroy When Stillwater Associate Brian Conroy worked for BP in 2006 as Global Sales and Market Development Manager of Specialty Chemicals, he was offered an opportunity to try something new. With a background in chemicals, beginning in research and progressing to various roles in business, he was ready for the change. BP’s CEO had mandated the launch of...
Read More

War Story: California’s Lengthy Multi-Media Evaluation Process

September 12, 2018 , , ,

September 12, 2018 By Jessica Loomis Twenty years ago, methyl tert-butyl ether (MTBE) was a common additive used to oxygenate and raise the octane number in gasoline, but when incidents of MTBE leaking occurred from underground storage tanks at gas stations in California, groundwater contamination became a growing issue. MTBE isn’t particularly toxic, but its taste and odor can render...
Read More

Agile Mergers & Acquisitions Advisory Services

September 10, 2018 ,

September 10, 2018 By Vaughn Hulleman Agile is a project management method whose principles include placing customer satisfaction as the highest priority and delivering products or services frequently. This approach is used mostly in software development, but can advisory services for Mergers and Acquisitions be Agile? The Agile project management approach includes breaking the overall work requirements into smaller components...
Read More

California Cap and Trade 101

September 7, 2018 , ,

September 7, 2018 By Jim Mladenik and Kendra Seymour Following the publication of our LCFS 101: Beginner’s Guide and LCFS 101: Update, we have received requests for a similar overview of California’s Cap and Trade (C&T) Program. To that end, here we cover what C&T is, how it works, and how it’s performing so far. What is Cap and Trade?...
Read More

LCFS 101 – An Update

May 2, 2018 , ,

May 2, 2018 by Megan Boutwell A lot has happened since we wrote our first LCFS 101 article last year. Here we provide an update on the rules and the status of the credit market. What is the LCFS California’s Low Carbon Fuel Standard is one of a group of programs designed to reduce greenhouse gas (GHG) emissions enacted through...
Read More

The Trans Mountain Tangle

May 2, 2018 , , ,

May 2, 2018 by Stillwater Staff There’s a battle brewing between two provinces in Canada over a pipeline, and it may cause transportation fuels prices to spike at least in the short-term. Here we offer the backstory to get you up-to-date. In 2013, Kinder Morgan filed an application with the Canadian National Energy Board to essentially twin the existing 1,150...
Read More

Stillwater Celebrates 20 Years

May 1, 2018

May 1, 2018 by Jessica Loomis During the week of April 16th, Stillwater Associates met in beautiful Laguna Beach, California for our Annual Meeting. Associates came from all over the country to get caught up on the state of the business, share ideas, and get re-acquainted. This year was particularly special because Stillwater Associates is celebrating 20 years of being...
Read More

War Stories: A Case for Due Diligence

March 20, 2018 ,

March 20, 2018 By Jessica Loomis In 1997, Stillwater Senior Associate Jeff Kennedy found himself living in California after several decades of moving around the country working for Mobil Oil. Following a much-needed break, Jeff met a convincing “self-styled serial entrepreneur” who we will call “Mr. X.” At the time, Mr. X was consulting with a start-up company working to...
Read More

FLASH ANALYSIS: CARB’s Latest LCFS Rulemaking – Are the goalposts moving?

February 22, 2018 , ,

February 22, 2018 On February 20th, the California Air Resources Board (CARB) released Unofficial LCFS Rulemaking Documents for public review. These proposed amendments will be considered at a CARB Board hearing in April 2018 and voted on at a second hearing in mid-to-late 2018. In the past, CARB has released draft rulemaking documentation before public workshops, but this release –...
Read More

California Carbon Info: Analysis of CCO usage for 2016 compliance obligation

February 10, 2018 , , ,

As the passage of AB 398 has strengthened and extended California’s Cap and Trade program, we think our readers will benefit from a spotlight on the trends in the carbon credit market. As such, we periodically feature guest articles on California’s Cap and Trade program from our friends at CaliforniaCarbon.info. CaliforniaCarbon.info is a comprehensive information service covering the Western Climate Initiative...
Read More

IMO 2020 Part 4: Bunker Suppliers’ and Blenders’ Perspective

January 15, 2018 , ,

January 15, 2018     By Ralph Grimmer of Stillwater Associates, and Adrian Tolson of 20|20 Marine Energy The International Maritime Organization (IMO) is moving forward with a marked reduction from 3.5% to 0.5% in the maximum sulfur content of marine fuel (bunker fuel oil) on January 1, 2020. In our November 2017 newsletter, Stillwater provided Part 3 of our...
Read More

IMO 2020 Part 3:  Refiners’ Perspective

November 16, 2017 , ,

November 16, 2017 by Ralph Grimmer, James Ahrens, and Leigh Noda The International Maritime Organization (IMO) is moving forward with a marked reduction from 3.5% to 0.5% in the maximum sulfur content of marine fuel (bunker fuel oil) on January 1, 2020. In our October newsletter, Stillwater provided Part 2 of our series on this “IMO 2020 Rule”, focusing on...
Read More

War Story: Operation Iron Lady

November 15, 2017 ,

November 15, 2017 By Jessica Loomis In February of 1991, Senior Associate Leigh Noda was working for ARCO as the manager of business and technology in ARCO’s flagship refinery in Carson, California. One afternoon, the refinery’s manager called Leigh into his office with a very special project. Ronald Reagan was turning 80 years old, and the Ronald Reagan Presidential Library...
Read More

California Carbon Info: California Emissions Decline Faster than Cap in 2016

November 6, 2017 , , , ,

As the passage of AB 398 has strengthened and extended California’s Cap and Trade program, we think our readers will benefit from a spotlight on the trends in the carbon credit market. We will be featuring guest articles on California’s Cap and Trade program from our friends at CaliforniaCarbon.info. CaliforniaCarbon.info is a comprehensive information service covering the Western Climate Initiative...
Read More

War Story: Under Pressure

October 11, 2017 ,

October 11, 2017 By Jessica Loomis In the late 1990s, Stillwater Senior Associate James Ahrens was working in the crude oil supply, trading, and transportation division at Mobil as a supply optimization coordinator for the Beaumont refinery. The fuels crude unit at the refinery typically ran a slate of heavy sour crude oil that left the top of the atmospheric...
Read More

IMO 2020 Part 2: Shipowners’ Perspective

October 11, 2017 , ,

October 12, 2017 by Ralph Grimmer and Michael Myers Stillwater is following the progress and impact of the International Maritime Organization’s Global Maximum Sulfur Content of Marine Fuel Rule, or IMO 2020. Our first article, IMO 2020 Part 1: The evolution of the marine sulfur regulation, appeared on the website in September 2017.  The International Maritime Organization (IMO) is moving...
Read More

Jones Act 101: Maritime protectionism and transportation fuels

October 10, 2017 , ,

October 10, 2017 by Kendra Seymour As often happens in the aftermath of natural disasters, there has been increased coverage in the last month debating the merits of a 97-year-old law which affects delivery of goods to U.S. shores. You’ve likely heard talk about the Jones Act, but do you know what it is and how it affects disaster-struck areas...
Read More

IMO 2020 Part 1: The evolution of the marine sulfur regulation

September 14, 2017 , ,

September 13, 2017 by Ralph Grimmer Stillwater is following the progress and impact of the International Maritime Organization’s Global Maximum Sulfur Content of Marine Fuel Rule, or IMO 2020. This is our first article in the series. Our second article, IMO 2020 Part 2: Shipowners’ Perspective, appeared on the website in October 2017.  The International Maritime Organization (IMO) is moving...
Read More

California Carbon Info: Analyzing California’s offset demand

September 13, 2017 , , , ,

As the passage of AB 398 has strengthened and extended California’s Cap and Trade program, we think our readers will benefit from a spotlight on the trends in the carbon credit market. Starting this month, we will be featuring guest articles on California’s Cap and Trade program from our friends at CaliforniaCarbon.info. CaliforniaCarbon.info is a comprehensive information service covering the...
Read More

War Stories: Leigh Noda’s Advice that Can’t be Erased

June 7, 2017 ,

June 7, 2017 by Jessica Loomis In 1972, young Leigh Noda had just begun his career as a refinery engineer with Atlantic Richfield Company. It would be the beginning of a 28-year long journey with the company, but as a young man just starting out, Leigh felt overwhelmed and in awe of the Operations Supervisor whom he worked for as...
Read More

The RFS Point of Obligation Part 2: How are RINs generated and RFS compliance achieved?

June 6, 2017 , ,

June 6, 2017 by Michael Leister Last month in the first edition in our RFS Point of Obligation series, we discussed the general RFS rules, this month we get more specific about RIN generation and RFS Compliance.  When a renewable fuel producer like an ethanol production facility or biomass-based diesel manufacturing plant produces a compliant renewable fuel, the renewable fuel...
Read More

The ripple effects of the gasoline tax increase

April 24, 2017 ,

April 24, 2017 By Rob Nikolewski, The San Diego Union-Tribune In an indication of just how much California is affected by gasoline prices, at least three different groups on Monday weighed in on the ramifications of Senate Bill 1, the $52.4 billion effort passed by Gov. Jerry Brown and the Legislature earlier this month. One organization that concentrates on policy solutions...
Read More

Another upset at the Torrance Refinery

November 17, 2016 , ,

November 16, 2016 The former ExxonMobil refinery in Torrance, CA experienced an upset this week. As news helicopters circled above, the local fire department fought a fire that appeared to be in the alkylation unit. Thankfully, the media were reporting yesterday that there were no serious injuries. Today, OPIS reported that the refinery was back operating at full rates, although...
Read More

Aging Pipelines Raise Concerns

November 11, 2016

November 2, 2016 Alison Sider and Nicole Friedman, The Wall Street Journal More than 60% of U.S. fuel pipelines were built before 1970, according to federal figures. Recent disruptions on Colonial Pipeline Co.’s fuel artery running up the East Coast show why some energy observers worry that this is a problem. The pipeline, which began operating fully in 1964, was...
Read More

Subscribe to Stillwater’s LCFS Newsletter Today!

May 2, 2016

Is your company impacted by California’s Low Carbon Fuel Standard? The LCFS is well underway, and it’s important that Covered Entities and the companies that support them have the right information to make smart Credit Market decisions. Stillwater’s LCFS Newsletter is a powerful tool for Covered Entities to use as they navigate the standard. This unique publication offers the latest...
Read More

Oil train plans hit roadblocks in California

February 18, 2016

February 12, 2016 Tony Bizjak, The Sacramento Bee Two years ago, it appeared that milelong trains carrying crude oil to refineries would soon be a regular feature on the California landscape – including several a day rumbling through Sacramento. Now, amid safety concerns, the state’s two highest-profile crude-by-rail project proposals, one in the north and one in the south, have...
Read More

Why California gasoline is so expensive

February 17, 2016

Feb. 3, 2016 Dan McSwain, The San Diego Union-Tribune Although oil markets are bankrupting producers and draining government coffers from Moscow to Riyadh, plummeting costs are filling the pockets of ordinary consumers this year, right? Um, wrong, at least in California, where state government helps the refining industry keep gasoline prices aloft for months at a time. On Monday, at...
Read More

Stillwater Provides Research and Analysis to EIA PADD 5 Transportation Fuels Report

October 6, 2015

October 5, 2015 On September 30th, EIA released the PADD 5 Transportation Fuels Markets report, the first in a series of studies on U.S. regional fuels markets. Stillwater was privileged to provide our expertise for this study which examines U.S. West Coast petroleum product markets. Our research and analysis for this report covers: Demand, including in-region consumption, transfers of fuels...
Read More

California could be PBF’s biggest refinery challenge yet

October 4, 2015 ,

October 1, 2015 by Kristen Hays, Reuters PBF Energy Inc.’s purchase of Exxon Mobil Corp.’s California refinery marks Chairman Tom O’Malley’s biggest bet yet on U.S. refining in the country’s toughest market. The $537.5 million deal to buy Exxon’s 155,000 barrels per day plant in Torrance with dock, storage and pipeline infrastructure will mark PBF’s entrance into the market in...
Read More

Oil at $30 Is Not Problem for Some Bakken Drillers Cutting Costs

August 13, 2015

August 12, 2015 by Dan Murtaugh, Bloomberg The lowest crude prices in six years might not be enough to put the brakes on the U.S. energy renaissance. Some parts of North Dakota’s Bakken shale play are profitable at less than $30 a barrel as companies tap bigger wells and benefit from lower drilling costs, according to a Bloomberg Intelligence analysis....
Read More

Gas prices to drop to lowest in six years this summer, agency predicts

April 8, 2015

April 7, 2015 by Tiffany Hsu, LA Times An ongoing glut of crude oil will give U.S. drivers this summer the lowest seasonal gasoline prices in six years, the government predicts. Even in California – where prices recently surged a dollar above the national average, sparking accusations of collusion by oil refineries – analysts expect gasoline to be the cheapest...
Read More

Gasoline Price Hike Update: Retail Prices up 45 Cents per Gallon

March 3, 2015

March 3, 2015 by David Hackett Retail gasoline prices in Southern California are going up rapidly. I spoke about the reasons why on Saturday’s NBC Nightly News. Last week we wrote an article that discussed the rapid rise in retail gasoline prices in Southern California. Using EIA’s weekly retail data, we showed that the price of regular gasoline at the...
Read More

Gas Price Slide Will Boost Bay Area Consumer Spending

January 13, 2015

January 11, 2015 by Pete Carey, San Jose Mercury News Bay Area drivers are already celebrating the recent collapse in oil prices, but if it lasts it will have broader economic implications, putting billions of dollars a year directly into the wallets of residents and helping to stimulate the region’s already robust economy. And a lot of that money is...
Read More

The Changing Landscape of Crude Oil Movements to the West Coast

December 11, 2014

The Changing Landscape of Crude Oil Movements to the West Coast. Dave Hackett’s presentation to the Moving Crude Supplies to West Coast End Markets conference on December 3, 2014. With the shale boom, and the surge in crude-by-rail, crude oil movements to the west coast have changed significantly in a short time. This presentation gives an overview of the changes...
Read More

Oil Import Decline to U.S. Revealed by Louisiana as Truth

November 6, 2014

November 5, 2014 by Dan Murtaugh, Zain Shauk and Lynn Doan, Bloomberg Things are slowing down at the U.S.’s largest oil-import hub. Just six years after importing more than 1 million barrels a day from countries including Saudi Arabia, Nigeria and Iraq, the Louisiana Offshore Oil Port is receiving just half of that from overseas, highlighting a nationwide trend at...
Read More

Highlights from the 2014 OPIS Supply Summit

October 31, 2014

October 30, 2014 by David Hackett The presentations at this year’s OPIS National Supply Summit reflected the dynamics of petroleum markets in North America. Much of the conversation was on the impact of continuing growth of crude oil production in the Mid Continent. The topics include crude oil pipeline development, crude-by-rail and plenty of discussion on the crude oil export...
Read More

Alaska’s Oil Piles Up at Port as Barrels Wait for a Ride

October 27, 2014

October 21, 2014 by Lynn Doan and Dan Murtaugh, Bloomberg Stockpiles of oil from Alaska’s North Slope have surged to a five-year seasonal high as tanker maintenance slows loadings, forcing the grade to trade at a discount to U.S. crude for the first time since 2010. Inventories at the Valdez terminal, the northernmost ice-free port in North America and the...
Read More

Shale Boom Helping American Consumers as Never Before

October 20, 2014

October 17, 2014 by Dan Murtaugh and Lynn Doan, Bloomberg Oil traders might see the 27 percent slide in global prices as a bear market. For U.S. consumers, it’s more like an early holiday gift. The drop in crude has pulled retail gasoline down more than 50 cents a gallon from the year’s high in April. That means annual savings...
Read More

Pump Prices Fall to Lowest Since 2011 Amid Oil Slump

October 20, 2014

October 15, 2014 by Dan Murtaugh and Lynn Doan, Bloomberg Regular gasoline in the U.S. fell to the lowest level in more than three-and-a-half years as shale oil production and weak global demand spurred a four-month slump in oil prices. The average retail price fell 0.9 cents a gallon to $3.177, Heathrow Florida-based motoring group AAA said on its website...
Read More

Orphaned Russian Oil Heads to U.S. West on Asia Overflow

October 8, 2014

October 3, 2014 by Lynn Doan, Bloomberg One of Russia’s prized oils, facing increased competition in Asia, is traveling to a rather unlikely destination: the U.S. West Coast. As the U.S. threatens President Vladimir Putin with further economic sanctions over the conflict in Ukraine, light Sokol oil from Russia’s Far East is showing up in California for the first time...
Read More

California Replaces Oil by Rail from Canada with Domestic

September 17, 2014

September 8, 2014 by Lynn Doan, Blooomberg California, the nation’s largest gasoline market, has cut its oil-by-rail volumes from Canada by 86 percent this year while buying more crude made in America. The most populous U.S. state received 3,142 barrels a day by rail from Canada in July, down from 6,669 in June and a peak of 22,871 in December,...
Read More

Kern County mounts defense of oil train shipments

August 25, 2014

August 24, 2014 by Tony Bizjak and Curtis Tate, The Sacramento Bee KERN COUNTY – In Sacramento and the Bay Area, recent plans to run trains laden with crude oil through downtowns to coastal refineries have prompted fears and protests this summer. But, here in the southern San Joaquin Valley, where oil has served as economic lifeblood for more than...
Read More

Why fracking boom isn’t driving down Seattle gas prices

August 25, 2014

August 23, 2014 Angel Gonzalez, The Seattle Times In Seattle, America’s energy boom can be seen but not felt. At least not at the gas pump. Trains bearing crude oil cross the city’s busy core every day, connecting North Dakota’s prolific oil fields to refineries on the coast. Yet gasoline prices here have remained stubbornly high, even as an abundance...
Read More

Global Wins, Tesoro Waits on Bringing Bakken Oil West

August 20, 2014

August 20, 2014 by Lynn Doan, Bloomberg Just as Global Partners LP (GLP) gained approval to unload more oil from rail cars at a marine terminal in Oregon, Tesoro Corp. (TSO) learned its plans for a similar project in neighboring Washington will have to wait. The projects are among several oil-by-rail proposals facing rising opposition after a series of derailments...
Read More