Source - http://www.businessweek.com/
By - Alexander Kwiatkowski
Category - Port Of Miami Hotels
Posted By - Inn and Suites In West Miami
By - Alexander Kwiatkowski
Category - Port Of Miami Hotels
Posted By - Inn and Suites In West Miami
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| Port Of Miami Hotels |
WTI Drops to Pare Weekly Gain After Biggest Rally in Six Months
West Texas Intermediate crude fell, paring a weekly advance, as traders awaited U.S. jobs data that may signal the economic recovery is accelerating.
Northeast Gas Poised to Surge on Pipeline Limits: Energy Markets
Natural gas prices in the U.S. Northeast are poised to reach five-year seasonal highs this summer as increasing demand from power plants may outstrip the ability of pipelines to deliver enough fuel.
Crude May Fall Next Week on U.S. Inventory Gain, Survey Shows
West Texas Intermediate oil may decline next week after U.S. crude inventories reached an 82- year high amid signs of economic slowdown in the U.S. and China, a Bloomberg survey showed.
Naphtha East-West Gap Narrows; Gasoil Crack Widens: Oil Products
Naphtha’s East-West spread is at the narrowest in almost three weeks. Asia gasoil’s premium to Dubai crude rises to the widest in a week.
Pertamina Buys 1.2 Million Barrels of Saharan Blend Oil for July
PT Pertamina, Indonesia’s state-owned oil company, purchased two 600,000 barrel shipments of Saharan Blend crude for delivery in July to its Balikpapan and Cilacap refineries, according to a company official.
Methanex Gaining as Methanol Use in Fuel Grows: Corporate Canada
Methanex Corp., the world’s largest methanol supplier, is forecast by analysts to climb beyond last month’s record price as demand rises for the chemical as a fuel source in countries such as China.
Keystone Foes Plan Worst Insisting Obama Find a Pipeline Offset
President Barack Obama is being pressed by opponents of the Keystone XL pipeline to tie any approval to measures that would curb climate change, reflecting mounting pressure on the administration to mitigate the project’s impact if it goes forward.
Cnooc Raises $4 Billion in Biggest Asian Dollar Bond Since 2003
Cnooc Ltd., China’s largest offshore energy explorer, sold $4 billion of bonds in the biggest dollar- denominated offering from Asia outside of Japan in more than nine years.
Fusion Scientists Seeing Breakthrough Where Obama Shows No Arbor
Chris Bishop paces as he beams the world’s biggest laser at a peppercorn-sized fuel pellet, a crucial step toward fusing hydrogen atoms to replicate the explosive power of the sun, stars and thermonuclear weapons.
U.S. Energy Department Natural Gas Update for May 2 (Text)
Following is the text of the weekly natural gas update as released by the U. S. Department of Energy in Washington, D.C.:
Natural Gas Drops for Third Day on Forecasts for Mild Weather
Natural gas futures slipped for a third day in New York on forecasts for moderating temperatures that would reduce demand for the heating and power-plant fuel.
Natural Gas Climbs on Forecasts for Below-Average Supply Gain
Natural gas futures advanced in New York as analysts predicted government data would show a smaller- than-normal gain in stockpiles of the heating fuel, expanding a supply deficit.
Glencore Said to Hire Two Xstrata Executives as Managers Depart
Glencore Xstrata Plc hired two former Xstrata Plc executives as division heads amid the departure of a number of senior managers as it completed the takeover of the coal exporter, a person familiar with the matter said.
Gasoil Stockpiles Fall in Europe’s Oil-Trading Hub, PJK Says
Gasoil stockpiles in independent storage fell in Europe’s Amsterdam-Rotterdam-Antwerp oil-trading hub, according to PJK International BV.
OPEC
OPEC Exports Seen Stable Amid ‘Glum’ Demand, Oil Movements Says
The Organization of Petroleum Exporting Countries will keep shipments little changed this month as “glum” demand in the U.S. and Europe counters rising consumption in Asia, tanker tracker Oil Movements said.
REFINERIES Map global refinery outages
Edmonton Refinery Work Causing Western Canada Gasoline Pinch (1)
Suncor Energy Inc.’s unexpected shutdown of gasoline production units at the Edmonton, Alberta, refinery is causing a fuel shortage at some gas stations in Western Canada.
Los Angeles Gasoline Rises to 10-Week High on Planned Exxon Shut
Spot gasoline in Los Angeles surged to a 10-week high against futures as Exxon Mobil Corp.’s Torrance refinery prepared to shut units for maintenance and Valero Energy Corp.’s Wilmington plant had an upset at its fluid catalytic cracker.
Canadian Crudes Weaken as Output Rises After Spring Maintenance
Canadian crudes weakened on the spot market as Alberta output began to rise after seasonal maintenance that temporarily reduced production.
PBF to Export 20,000 to 25,000 Barrels a Day From East Coast
PBF Energy Inc. exported 1.8m bbls of middle distillate fuel in Q1, company said on earnings call with investors today.
Valero Benicia Rail Unloading Will Operate by End of 2013
Valero Energy Corp. will be able to unload crude delivered by trains at its Benicia refinery in Northern California by the end of 2013.
Valero Quebec Plant Will Have Rail Unloading Capability by July
Valero Energy Corp.’s Quebec City refinery will have the ability to unload 30,000 to 50,000 barrels of crude a day by rail in July, Bill Klesse, the company’s chief executive officer, said after the company’s annual meeting in San Antonio.
Valero’s Klesse Says Little Industry Interest in Freedom Line
Valero Energy CEO Bill Klesse said there is “not a lot of industry interest at the moment” for Kinder Morgan Energy Partners’ proposed Freedom crude pipeline.
Exxon Torrance Refinery to Shut Units Starting Tomorrow
Some units to shut for planned maintenance that’s expected to last “several weeks,” Gesuina Paras, Exxon Mobil Corp. spokeswoman, said by e-mail.
West Texas Intermediate crude fell, paring a weekly advance, as traders awaited U.S. jobs data that may signal the economic recovery is accelerating.
Northeast Gas Poised to Surge on Pipeline Limits: Energy Markets
Natural gas prices in the U.S. Northeast are poised to reach five-year seasonal highs this summer as increasing demand from power plants may outstrip the ability of pipelines to deliver enough fuel.
Crude May Fall Next Week on U.S. Inventory Gain, Survey Shows
West Texas Intermediate oil may decline next week after U.S. crude inventories reached an 82- year high amid signs of economic slowdown in the U.S. and China, a Bloomberg survey showed.
Naphtha East-West Gap Narrows; Gasoil Crack Widens: Oil Products
Naphtha’s East-West spread is at the narrowest in almost three weeks. Asia gasoil’s premium to Dubai crude rises to the widest in a week.
Pertamina Buys 1.2 Million Barrels of Saharan Blend Oil for July
PT Pertamina, Indonesia’s state-owned oil company, purchased two 600,000 barrel shipments of Saharan Blend crude for delivery in July to its Balikpapan and Cilacap refineries, according to a company official.
Methanex Gaining as Methanol Use in Fuel Grows: Corporate Canada
Methanex Corp., the world’s largest methanol supplier, is forecast by analysts to climb beyond last month’s record price as demand rises for the chemical as a fuel source in countries such as China.
Keystone Foes Plan Worst Insisting Obama Find a Pipeline Offset
President Barack Obama is being pressed by opponents of the Keystone XL pipeline to tie any approval to measures that would curb climate change, reflecting mounting pressure on the administration to mitigate the project’s impact if it goes forward.
Cnooc Raises $4 Billion in Biggest Asian Dollar Bond Since 2003
Cnooc Ltd., China’s largest offshore energy explorer, sold $4 billion of bonds in the biggest dollar- denominated offering from Asia outside of Japan in more than nine years.
Fusion Scientists Seeing Breakthrough Where Obama Shows No Arbor
Chris Bishop paces as he beams the world’s biggest laser at a peppercorn-sized fuel pellet, a crucial step toward fusing hydrogen atoms to replicate the explosive power of the sun, stars and thermonuclear weapons.
U.S. Energy Department Natural Gas Update for May 2 (Text)
Following is the text of the weekly natural gas update as released by the U. S. Department of Energy in Washington, D.C.:
Natural Gas Drops for Third Day on Forecasts for Mild Weather
Natural gas futures slipped for a third day in New York on forecasts for moderating temperatures that would reduce demand for the heating and power-plant fuel.
Natural Gas Climbs on Forecasts for Below-Average Supply Gain
Natural gas futures advanced in New York as analysts predicted government data would show a smaller- than-normal gain in stockpiles of the heating fuel, expanding a supply deficit.
Glencore Said to Hire Two Xstrata Executives as Managers Depart
Glencore Xstrata Plc hired two former Xstrata Plc executives as division heads amid the departure of a number of senior managers as it completed the takeover of the coal exporter, a person familiar with the matter said.
Gasoil Stockpiles Fall in Europe’s Oil-Trading Hub, PJK Says
Gasoil stockpiles in independent storage fell in Europe’s Amsterdam-Rotterdam-Antwerp oil-trading hub, according to PJK International BV.
OPEC
OPEC Exports Seen Stable Amid ‘Glum’ Demand, Oil Movements Says
The Organization of Petroleum Exporting Countries will keep shipments little changed this month as “glum” demand in the U.S. and Europe counters rising consumption in Asia, tanker tracker Oil Movements said.
REFINERIES Map global refinery outages
Edmonton Refinery Work Causing Western Canada Gasoline Pinch (1)
Suncor Energy Inc.’s unexpected shutdown of gasoline production units at the Edmonton, Alberta, refinery is causing a fuel shortage at some gas stations in Western Canada.
Los Angeles Gasoline Rises to 10-Week High on Planned Exxon Shut
Spot gasoline in Los Angeles surged to a 10-week high against futures as Exxon Mobil Corp.’s Torrance refinery prepared to shut units for maintenance and Valero Energy Corp.’s Wilmington plant had an upset at its fluid catalytic cracker.
Canadian Crudes Weaken as Output Rises After Spring Maintenance
Canadian crudes weakened on the spot market as Alberta output began to rise after seasonal maintenance that temporarily reduced production.
PBF to Export 20,000 to 25,000 Barrels a Day From East Coast
PBF Energy Inc. exported 1.8m bbls of middle distillate fuel in Q1, company said on earnings call with investors today.
Valero Benicia Rail Unloading Will Operate by End of 2013
Valero Energy Corp. will be able to unload crude delivered by trains at its Benicia refinery in Northern California by the end of 2013.
Valero Quebec Plant Will Have Rail Unloading Capability by July
Valero Energy Corp.’s Quebec City refinery will have the ability to unload 30,000 to 50,000 barrels of crude a day by rail in July, Bill Klesse, the company’s chief executive officer, said after the company’s annual meeting in San Antonio.
Valero’s Klesse Says Little Industry Interest in Freedom Line
Valero Energy CEO Bill Klesse said there is “not a lot of industry interest at the moment” for Kinder Morgan Energy Partners’ proposed Freedom crude pipeline.
Exxon Torrance Refinery to Shut Units Starting Tomorrow
Some units to shut for planned maintenance that’s expected to last “several weeks,” Gesuina Paras, Exxon Mobil Corp. spokeswoman, said by e-mail.
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