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Analyst’s View to 2020

From a refiner’s perspective, a new downstream paradigm has emerged, analyst Paul Kuklinski writes in his latest report: Demand growth is exceptional. U.S. refiners continue to operate at seasonal record levels. Global throughput will also be at a record level of 81.8 MMBD in 2Q18, 1.5 MMBD higher than last year. Attractive margins are expected to continue in 2018 and ...

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Analyst: Next OPEC Meeting Looms Large

Political tension with Iran provided a recent boost to West Texas Intermediate (WTI) crude, helping to push it to $65/B, with a $5/B discount to Brent, writes analyst Paul Kuklinski. WTI increased 36% from $49/B in 4Q16 when the Organization of the Petroleum Exporting Countries (OPEC) announced its agreement with Russia and other non-OPEC producers to cut production to the ...

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Bergquist Introducing New CFlexliner at NPGA Expo

As the propane industry continues to evolve, so too do the solutions customers have access to. At the National Propane Gas Association Expo (NPGA), April 6-8 in Atlanta, wholesale propane equipment distributor Bergquist, Inc., is introducing the CFlexliner from Chicago Fittings at Booth 407. Chicago Fittings’ X-Riser is a product aimed at removing a minimum of two below-grade joints per riser when compared ...

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Congress Approves 2017 Fuel Credit; IRS Issues Claims Procedures

The IRS has issued special one-time claim procedures (IRS Notice 2018-21) for payment of the $1 per gallon biodiesel blender credit, reports the New England Fuel Institute. The credit was reinstated by Congress retroactively for calendar year 2017 under the Bipartisan Budget Act of 2018. The blender credit was reauthorized retroactively for calendar year 2017 only, NEFI notes in the March 13 issue ...

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Exporters Dumped Biodiesel in U.S.: Commerce Department

Exporters from Argentina and Indonesia have sold biodiesel in the United States at less than fair value, the U.S. Department of Commerce said. Secretary of Commerce Wilbur Ross announced “affirmative final determinations” in antidumping duty (AD) investigations of imports of biodiesel from Argentina and Indonesia. The decision allows U.S. producers of biodiesel to receive relief from the “market-distorting effects of ...

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Massachusetts EMA Webinar on Biofuel Energy Credits: March 6

On Tuesday, March 6, the Massachusetts Energy Marketers Association will host a webinar for the association and the state’s heating oil industry with the Massachusetts Department of Energy Resources (DOER) that will focus on explaining details of the recently enacted Alternative Energy Credits program under the Commonwealth’s Alternative Portfolio Standard (APS). The webinar will begin at 10 a.m. and will ...

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U.S. and Other Producer Nations Could Challenge OPEC’s Aim on Surplus

An acceleration of U.S. production growth is occurring, primarily from the Permian Basin. Coupled with the growth in other non-OPEC production from Canada, Brazil, and Kazakhstan, non-OPEC production in 2018 has the potential exceed the growth in world oil demand, which would reverse OPEC’s success in reducing surplus OECD oil inventories, writes analyst Paul Kuklinski, founder of Boston Energy Research. ...

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API Sees Bright Outlook

The United States currently stands as the world’s largest producer of oil, refined products and natural gas, in part because of industry innovations and technological breakthroughs, said Jack Gerard, president and CEO of the American Petroleum Institute (API). Leading the world in production, the U.S. petroleum industry looks to boom times, reports Contributing Writer Maura Keller. “We’ve taken the nation from ...

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Propane’s Prospects

As the propane industry continues to evolve, propane companies and the public need to be educated about the issues facing the industry. The Propane Education & Research Council (PERC) leads safety and training efforts among propane retailers and consumers, educates consumers about propane’s many uses and benefits, and drives technology development to expand adoption of propane as a clean, affordable, ...

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NYC Council Votes for Study of Alternative Fuels for Ferries

A bill designed to encourage use of alternative fuel and fuel technologies in New York City ferries unanimously passed the City Council. The legislation requires a two-year study of the feasibility of using alternative fuel, including biodiesel, and fuel technologies, including hybrid electric or fuel-cell electric, in city ferries, according to a statement issued Dec. 28 by the office of ...

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