The OilSpot News by Schneider Electric
Monday, April 21, 2014 VOLUME 12 ISSUE 602  











Storage is Very Important says CHS
As it Embarks on Tank Building for Propane after Cochin Repurposing

CHS Inc., an energy, grains and foods company, is building 4.2 million gallons of storage capacity for propane across the upper Midwest to help mitigate propane shortages that plagued the United States—especially the upper Midwest, this past winter.
 
“We originally invested $18 million in rail terminals,” Matt Kumm, CHS propane marketing manager, told Schneider Electric Apr. 15.

[FULL STORY]

March Refinery Output Tops Demand
Even as Demand for Products Hits 3-year High for the Month says API

Total U.S. petroleum deliveries, a measure of demand edged up 0.4% in March from the year prior to average 18.6 million bpd, the highest level for the month in three years, according to the latest American Petroleum Institute Monthly Statistical Report.
 
The data, released today, showed petroleum demand for March inched up 0.1% from February. For the first quarter, total domestic petroleum deliveries dipped 0.3% compared with the first quarter 2013 to average 18.5 million bpd.
 
“March brought strong demand for both gasoline and distillate fuel, but refinery production actually outstripped demand for all four major products,” said API Chief Economist John Felmy. “Fortunately, the rest of the world is also eager to buy the output of U.S. refineries.”
 

[FULL STORY]

EPA needs to Meet Deadlines
GAO says RFS Delays Impede Planning, Costly for Refiners

A recent examination by the Government Accountability Office of the domestic refining industry found delays to Renewable Fuels Standard blending requirements “contributes to industry uncertainty, which can increase costs because industry cannot plan and budget effectively.”
 
GAO said for some refiners, compliance with the RFS increased costs in the first half of 2013, though costs have since declined to some degree from their peak.
 

[FULL STORY]



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