Sunday, January 26, 2014
The National Propane Gas Association (NPGA) this month was stepping up efforts to identify and implement measures and policies to expedite propane shipments as much of the nation continues to struggle under a scenario of crimped supplies, transportation constraints, and spiraling prices.
Sunday, January 26, 2014
Athough residential business has declined for the propane industry over the past several years, the residential market still represents more than 47% of all propane gallons sold, according to the Propane Education & Research Council (PERC). While the residential market will continue to represent the largest profit center for propane marketers, the industry must work to increase that business.
Sunday, January 26, 2014
With the outlook for revenues from the North Sea having been slashed, firms drilling for shale gas in the UK will get a massive tax break in an effort to boost exploration. In March 2013, the UK government forecast that £6.8 billion ($11.15 billion U.S.) would roll into Treasury coffers from North Sea levies, but that amount has since been cut back to £5 billion ($8.2 billion U.S.), and expectations downgraded for every year until 2018.
Sunday, January 26, 2014
Exports of propane from the U.S. dipped 2.7% in November compared to a month earlier, but still came in at a strong 12,307,471 bbl, off 335,090 bbl from October levels, according to the U.S. Department of Commerce (DOC). At the same time, compared to November 2012, propane exports soared 76.1%, or by 5,316,773 bbl.
Sunday, January 26, 2014
Both U.S. and Canadian spot markets for propane rocketed to unprecedented levels Thursday as cold temperatures and demand for fuel ran at an all-time high. Transportation constraints continued to plague the industry as marketers operated hand to mouth with limited supplies. Schools were reported closed in at least one state due to a lack of heat and some residential customers were using electric space heaters to stay warm.
Sunday, January 26, 2014
The world will require all forms of energy over the next quarter century to meet a greater than one-third increase in demand that will be driven by population growth, improved living standards, and expanded urbanization, according to ExxonMobil’s “Outlook for Energy: A View to 2040” report.
Sunday, January 26, 2014
By using the earth’s magnetic field, combined with new innovative technology, oil and gas drilling companies are increasing oilfield productivity while reducing development costs and environmental impacts, reports the U.S. Geological Survey (USGS), a partner in implementing the technology.
Sunday, January 26, 2014
A number of wholesalers had pulled their posted rack prices Thursday as price volatility and unprecedented demand continued to roil the propane markets. Principal postings, where available, have stretched higher by an astounding 15.5 to as much as 300 cents since Monday. Increases from 55 to more than 150 cents were common.
Sunday, January 26, 2014
U.S. Chamber of Commerce president and CEO Thomas J. Donohue declared in his recent annual “State of American Business” address that the American business climate is improving, but that despite some economic progress, he warned against policies and government actions that drive uncertainty. Donohue called for leadership to solidify the nation’s recovery, help generate stronger growth and job creation, and expand opportunity.
Sunday, January 26, 2014
American Petroleum Institute (API) president and CEO Jack Gerard has outlined the institute’s advocacy and messaging priorities, issued a new report, and launched a new advertising campaign. The initiatives were highlighted during Gerard’s “2014 State of American Energy” speech, which focused on the impact of future policy decisions on America’s energy revolution.
Sunday, January 26, 2014
Midwest Spikes
The big news was in the Midwest Thursday as postings spiked more than 20 cents in most cases following a 3.8-MMbbl inventory draw for the nation the week ended Jan. 10, 1.5 MMbbl of that at Conway, Kan. That left the Midwest hub with a total of only 11.5 MMbbl, with plenty of winter weather left to go.
The big news was in the Midwest Thursday as postings spiked more than 20 cents in most cases following a 3.8-MMbbl inventory draw for the nation the week ended Jan. 10, 1.5 MMbbl of that at Conway, Kan. That left the Midwest hub with a total of only 11.5 MMbbl, with plenty of winter weather left to go.
Sunday, January 26, 2014
FMCSA Publishes Guidance On 30-Minute Rest Break
The safety, regulations, and compliance consultancy J.J. Keller & Associates reports that the Federal Motor Carrier Safety Administration (FMCSA) has published regulatory guidance regarding the application of the hours of service 30-minute break rule for interstate drivers of commercial motor vehicles. FMCSA’s guidance addresses those who begin their duty days as short-haul drivers exempt from the break rule, but who occasionally exceed the short-haul distance or time limits.
The safety, regulations, and compliance consultancy J.J. Keller & Associates reports that the Federal Motor Carrier Safety Administration (FMCSA) has published regulatory guidance regarding the application of the hours of service 30-minute break rule for interstate drivers of commercial motor vehicles. FMCSA’s guidance addresses those who begin their duty days as short-haul drivers exempt from the break rule, but who occasionally exceed the short-haul distance or time limits.
Sunday, January 26, 2014
FMCSA Publishes Guidance On 30-Minute Rest Break
The safety, regulations, and compliance consultancy J.J. Keller & Associates reports that the Federal Motor Carrier Safety Administration (FMCSA) has published regulatory guidance regarding the application of the hours of service 30-minute break rule for interstate drivers of commercial motor vehicles. FMCSA’s guidance addresses those who begin their duty days as short-haul drivers exempt from the break rule, but who occasionally exceed the short-haul distance or time limits.
The safety, regulations, and compliance consultancy J.J. Keller & Associates reports that the Federal Motor Carrier Safety Administration (FMCSA) has published regulatory guidance regarding the application of the hours of service 30-minute break rule for interstate drivers of commercial motor vehicles. FMCSA’s guidance addresses those who begin their duty days as short-haul drivers exempt from the break rule, but who occasionally exceed the short-haul distance or time limits.
Sunday, January 26, 2014
MoveOn Launches National Effort to Ban Hydraulic Fracturing
MoveOn.org has launched an initiative to support 100 activist groups that are working to ban hydraulic fracturing in their communities. MoveOn has awarded $50,000 to the so-called “fracking fighters,” along with materials, training, and strategic support, the activist group said in a press release. The initiative seeks to slow down the hydraulic fracturing boom that is anticipated to occur across the U.S. in 2014 and beyond.
MoveOn.org has launched an initiative to support 100 activist groups that are working to ban hydraulic fracturing in their communities. MoveOn has awarded $50,000 to the so-called “fracking fighters,” along with materials, training, and strategic support, the activist group said in a press release. The initiative seeks to slow down the hydraulic fracturing boom that is anticipated to occur across the U.S. in 2014 and beyond.
Sunday, January 26, 2014
Mid-Month to Mid-Month: Where’s the Market Headed?
With nary a minute to catch their collective breaths, propane dealers transitioned from strong crop drying demand to an Arctic Vortex that brought prolonged record-breaking temperatures to much of the nation. Without the time to replenish to their depleted supplies, many found themselves waiting in long lines for product, if it was to be had at all, and paying a higher-than-anticipated price. To say the least, this has been an indescribable period for many in the propane industry.
With nary a minute to catch their collective breaths, propane dealers transitioned from strong crop drying demand to an Arctic Vortex that brought prolonged record-breaking temperatures to much of the nation. Without the time to replenish to their depleted supplies, many found themselves waiting in long lines for product, if it was to be had at all, and paying a higher-than-anticipated price. To say the least, this has been an indescribable period for many in the propane industry.
Sunday, January 26, 2014
Freeport LNG, IFM Investors Sign Equity Agreement
Freeport LNG Expansion LP and IFM Investors have entered into an agreement to invest about $1.3 billion of equity funding for Freeport’s proposed natural gas liquefaction and LNG loading facility on Quintana Island near Freeport, Texas. The project involves the development of three liquefaction trains.
Freeport LNG Expansion LP and IFM Investors have entered into an agreement to invest about $1.3 billion of equity funding for Freeport’s proposed natural gas liquefaction and LNG loading facility on Quintana Island near Freeport, Texas. The project involves the development of three liquefaction trains.
Sunday, January 26, 2014
Arctic Temperatures Put Chill on Refinery Operations
Genscape, a global provider of data and intelligence for the commodity and energy markets, reports that as people throughout the U.S. continue to be affected by extreme cold temperatures, so do major oil refiners. Since Jan. 6, there have been four incidents at refineries directly linked to the cold weather.
Genscape, a global provider of data and intelligence for the commodity and energy markets, reports that as people throughout the U.S. continue to be affected by extreme cold temperatures, so do major oil refiners. Since Jan. 6, there have been four incidents at refineries directly linked to the cold weather.
From Our Partners
Your guide to understanding credit card fees
Trending
Strategies to accomodate your marketing & software operations for shifts in cybersecurity, customer demographics & more
Honoring the propane movers & shakers who are helping the industry grow & improve
The ins & outs of one Canadian retailer’s monitoring strategy
Methods for determining & increasing your company's valuation