The Oil Daily articles from June 2008

The Oil Daily archives from June 2008

CFTC steps up scrutiny of oil markets.(Commodity Futures Trading Commission)
June 2, 2008... Recent criticism of federal oversight of oil markets has apparently had some effect. The US Commodity Futures Trading Commission (CFTC) announced last week that it has expanded international surveillance of crude markets, launched an...

Tax probe casts shadow over TNK-BP war.
June 2, 2008... A criminal case opened in Russia against a former head of Tyumen Oil Co. (TNK), before the company became TNK-BP, has cast a shadow over the infighting at the Russian-UK joint venture. Russian press reports at the end of last week quoted...

Natural gas futures trade just shy of $12 as tropics percolate.
June 2, 2008... There was hardly a dull moment in the energy business last week. As June natural gas futures rolled of the board at all time record highs, the first tropical storm of the season emerged, and the US Commodity Futures Trading Commission (CFTC)...

Crude averts downward technical correction, but traders worry.
June 2, 2008... The Nymex prompt light, sweet crude oil contract averted a hefty downward technical correction on Friday after it closed well above $125, a crucial support level. Though the Nymex July crude contract hit an intraday low of $124.67 it...

Daily oil & gas price review.(Statistical table)
June 2, 2008... Daily Oil & Gas Price Review Prices for Friday, May 30, 2008 US Domestic Crudes ($/barrel) Cash/Spot Change Spot Price 5-Day Avg. Month-Ago WTS (Midland) +1.22 123.76 124.36 106.58 LLS (St. James) ...

Spot sours weaken but sweets strengthen on lack of affordable Atlantic import grades.(West Texas Intermediate)
June 2, 2008... Light Louisiana Sweet (LLS), the unofficial sweet crude benchmark on the US Gulf Coast, strengthened its premium over West Texas Intermediate (WTI) by nearly $1.50 last week to a hefty $4.30 per barrel. Traders said the relative strength...

Baker Hughes drilling report.(Statistical data)
June 2, 2008... Rig Count Fell by 12 The number of drilling rigs searching for oil and gas in the US fell by 12 last week to 1,877, Baker Hughes said Friday. During the same week last year, there were 1,774 rigs at work. The number of rigs searching...

US releases report acknowledging human role in climate change.
June 2, 2008... The Bush administration released a long-overdue assessment Thursday of the near-term impacts of climate change on the US. The report documents a long list of adverse affects from global warming that are likely to impact natural resource...

Balance of power in Iran's oil industry shifts toward Southerners.(appointments of )
June 2, 2008... National Iranian Oil Co. (NIOC) is pressing ahead with the top-level management reshuffle that began in late 2007 with the appointment of Gholamhossein Nozari as oil minister and was followed by the promotion of Seifollah Jashnsaz to managing...

Goodrich buys Haynesville land.(Exploration & Production)(Goodrich Petroleum Corp. acquired Cotton Valley Resources Corp.)(Brief article)
June 2, 2008... Goodrich Petroleum said it has struck a deal to acquire additional interests in the Cotton Valley trend in a $32 million, all-stock transaction with an unspecified private party. The deal increases the company's net exposure in the hot...

Japan's crude imports leap.(International)(Brief article)
June 2, 2008... Japan's crude oil imports rose 20.9% to 4.55 million b/d in April compared with a year ago, the latest government statistics show. The substantial hike is likely a result of lower processing capacity in April of last year, when refiners brought...

Eni boss to be reappointed.(International)(appointment of Paulo Scaroni)(Brief article)
June 2, 2008... The Italian government last week effectively confirmed Paulo Scaroni as Eni chief executive for a second three-year term. Italy's Economy and Finance Ministry late Thursday published a list of proposed Eni board members that included...

Stock market scorecard.(International)(Statistical table)
June 2, 2008... Stock Market Scorecard Integrated Close 1-Day % Chg. Majors 5/30 Chg. % Chg. 10-Day 52-Wk YTD Statoil 39.15 +1.05 +2.76% -1.81% +40.73% +28.28% ConocoPhillips...

Nigeria to take more gas.(International)(Brief article)
June 2, 2008... Foreign producers in Nigeria will have to divert a greater proportion of their gas output to domestic use in the coming years as the country tries to halt a crippling power crisis, President Umaru Yar'Adua said in an interview on state...

Thailand caps diesel prices.(International)(Brief article)
June 2, 2008... High oil prices are forcing a number of Asian governments to make some tough decisions. Thailand asked state-owned refiners last week to cut ex-refinery prices of diesel--and indicated that privately owned refiners will soon be asked to do...

Deepwater discovery for Pemex.(Latin America)(Petroleos Mexicanos)(Brief article)
June 2, 2008... Mexico's state-owned oil company, Pemex, is completing what looks to be the most promising oil well so far in its deepwater Gulf of Mexico drilling program, a Pemex manager said Thursday. Pemex deepwater manager Guillermo Perez Cruz said...

Chevron nixes gas storage sale.(Natural Gas)(Brief article)
June 2, 2008... Chevron has canceled the planned sale of its gas storage operations in British Columbia, saying on Friday that bids came in shy of what the company believes the business is worth. Chevron said it had received a number of offers for its...

Ensco expands deepwater fleet.(Offshore)(ENSCO International Inc.)(Brief article)
June 2, 2008... Ensco International is adding another ultra-deepwater semisubmersible rig to its fleet. The offshore driller announced Friday that construction of a sixth rig--estimated to cost $537 million--is under way at a Singapore shipyard. The Ensco...

Petrobras makes shallow-water light oil find.(Petroleo Brasileiro S.A.)(Brief article)
June 2, 2008... Brazilian state oil company Petrobras has announced a new "important" light oil discovery in the shallow waters of the Santos basin off Sao Paulo state's coast. Unlike a number of recent deepwater subsalt discoveries, the find was made...

CFTC under pressure to curb speculation.(United States. Commodity Futures Trading Commission)
June 3, 2008... Petroleum marketers and retailers who have been hurt badly by the sharp run-up in crude oil prices are encouraged by last week's news that the federal Commodities and Futures Trading Commission (CFTC) is probing possible manipulation of futures...

Arctic nations pledge to defuse tensions.
June 3, 2008... Officials from the five coastal nations bordering the Arctic Ocean--Canada, Denmark, Norway, Russia and the US--have pledged to honor existing international legislation and work to defuse tensions as they move to stake claims to the potentially...

Shell makes foray into Australia's coalbed methane business.(Royal Dutch-Shell PLC)
June 3, 2008... Royal Dutch Shell has become the latest energy giant to make a move into Australia's coalbed methane (CBM) business, handing over A$776 million (US$739 million) for a stake in the upstream interests of Arrow Energy, an Australian minnow...

Crude futures draw support from natural gas and heating oil.(Brief article)
June 3, 2008... US crude futures rose for the second day in a row on Monday, supported by rising natural gas prices as the Atlantic hurricane season got under way and the dollar showed fresh signs of weakness. Nymex crude traded in a $4 range, dipping to...

Daily oil & gas price review.(Statistical table)
June 3, 2008... Daily Oil & Gas Price Review Prices for Monday, June 2, 2008 US Domestic Crudes ($/barrel) Cash/Spot Change Spot Price 5-Day Avg. Month-Ago WTS (Midland) -0.15 123.61 123.87 109.97 LLS (St. James) ...

Russia's Gazprom reveals plans for massive Shtokman LNG project.(OAO Gazprom)
June 3, 2008... The massive Shtokman LNG project in the Barents Sea will start up in 2014, according to Yuri Komarov, general director of Gazprom's Sevmorneftegas unit, which holds the license to the Arctic acreage. But that looks likely to depend heavily...

Cooling degree days.(Statistical table)
June 3, 2008... Cooling Degree Days For the week of May 31, 2008 Week Dev Cum Dev From From From Week From Year Cum From Norm...

Yemen refinery attacked.(Brief article)
June 3, 2008... A group affiliated with Al-Qaeda has claimed responsibility for a weekend attack on Aden refinery in southern Yemen. No casualties or damage were reported. Jund al-Yemen (Yemen Soldiers Brigade), a relatively new Al-Qaeda incarnation, said...

Despite $130 crude, gas producers outperform integrated oils.
June 3, 2008... Oil company stocks have been an extremely profitable investment for several years as a result of oil's steady climb to levels of more than $130 per barrel. But as oil prices were breaking through the triple-digit barrier, US natural gas...

French major total gears up for new exploration program in Sudan.
June 3, 2008... At the risk of renewed controversy after recent north-south clashes, Total is preparing for new oil exploration in Southern Sudan. The French oil giant is the only Western major still active in the strife-torn country. It has set up a camp at...

Calpine rejects NRG takeover.(Electricity)(NRG Energy Inc.)(Brief article)
June 3, 2008... Calpine's board has rejected a $9.2 billion takeover offer from NRG Energy as too low, but indicated it would be open to a higher bid from the rival power company. Calpine, which emerged from bankruptcy protection earlier this year, said...

Brigham reports discoveries.(Exploration & Production)(Brigham Exploration Co.)(Brief article)
June 3, 2008... Brigham Exploration said it has completed two additional wells at its Vicksburg properties in South Texas, and as a result, net production in the area is approaching record levels. The new wells--the Sullivan F-35 and the Sullivan C-39-had...

GE invests in Oklahoma.(Exploration & Production)(GeoResources Inc.)(Brief article)
June 3, 2008... GE Energy Financial Services, a unit of GE, said Monday it will partner with GeoResources to invest up to $90.5 million to acquire and develop proven producing oil and gas reserves in Oklahoma. GeoResources is a Houston-based exploration...

Stock market scorecard.(Statistical table)
June 3, 2008... Stock Market Scorecard Integrated Close 1-Day % Chg. Majors 6/2 Chg. % Chg. 10-Day 52-Wk YTD Hess 126.00 +3.19 +2.60% -1.59% +106.56% +24.93%...

Alaskan oil output slips in May.(Exploration & Production)(Brief article)
June 3, 2008... Alaskan oil production for May averaged 719,000 b/d, down 11,600 b/d from April, according to data from the state's Department of Revenue Tax Division. A power outage at Prudhoe Bay on May 9 reduced output from the largest field in the US...

Russian output inches up.(International)(Brief article)
June 3, 2008... Russian crude and condensate production averaged 9.74 million b/d in May, a slender 0.2% increase over April, according to preliminary Energy Ministry data. However, May output was 0.8% lower than in May 2007. Production in the first five...

Petrobras eyes first LNG cargo.(Latin America)(liquefied natural gas)(BG Group PLC)(Petroleo Brasileiro S.A.)(Brief article)
June 3, 2008... Brazil's Petrobras will receive the first shipment of liquefied natural gas for its northeastern Pecem terminal in July, to be supplied by BG Group, the British company said on Monday. BG said in a statement that it signed two deals with...

New president for Ensco unit.(Personnel)(appointment of Mark Burns in ENSCO International Inc.)(Brief article)
June 3, 2008... Offshore driller Ensco International said Mark Burns is joining the company to serve as president of subsidiary Ensco Offshore International. Burns will replace Paul Mars, who is retiring effective Jul. 2. He will be based at the company's...

FBI probes refinery threat.(Refining)(United States. Federal Bureau of Investigation)(Brief article)
June 3, 2008... The FBI is investigating a bomb threat made Friday against Shell Oil's 145,000 b/d Anacortes, Washington refinery, a spokeswoman for the FBI's Seattle office said. A search of the refinery Friday evening by Shell and police found nothing...

Bolivia nationalizes pipeline company.(Transredes)
June 3, 2008... Bolivia's leftist government on Monday nationalized natural gas pipeline company Transredes after failing to reach a negotiated agreement to take control of the company from its biggest shareholder, Ashmore Energy International. "The whole...

Soros: index funds fuel oil price bubble.(George Soros)
June 4, 2008... Renowned billionaire speculator George Soros told a Senate panel Tuesday that commodity index funds have helped build a bubble in oil prices. However, he warned against hasty regulatory measures that could have unintended consequences for...

Fire hits Apache natgas plant in Australia.
June 4, 2008... Gas supplies to Western Australia are expected to be disrupted for several days after a pipeline rupture and fire hit Apache's Varanus Island gas plant on Tuesday. The plant accounts for some 30% to 40% of Western Australia's domestic gas...

Iraqi exports hit 2 million b/d in May, revenues at record high.
June 4, 2008... Iraqi oil exports hit record levels in May, both in terms of volumes and revenues. Exports jumped just above 2 million barrels per day for the first time since the US led-invasion in March 2003, while high oil prices lifted revenues to a record...

Dollar gains, oil falls as Bernanke hints at end to US rate cuts.(Brief article)
June 4, 2008... Gains made by the US dollar on Tuesday pushed crude futures to settle below $125 per barrel, a three-week low. The dollar moved higher after Federal Reserve Chairman Ben Bernanke said the central bank was concerned about inflation,...

Daily oil & gas price review.(Statistical table)
June 4, 2008... Daily Oil & Gas Price Review Prices for Tuesday, June 3, 2008 US Domestic Crudes ($/barrel) Cash/Spot Change Spot Price 5-Day Avg. Month-Ago WTS (Midland) -3.15 120.46 123.29 113.53 LLS (St. James) ...

Biofuels in the spotlight at Rome talks on global food crisis.
June 4, 2008... Heads of the US, Canadian and European renewable fuels associations urged world leaders attending a UN summit in Rome on Tuesday not to pin all of the blame for soaring food prices on the biofuels industry. The two-day conference was called...

Chile transfers more money to National fuel subsidy fund.
June 4, 2008... Chile's President Michelle Bachelet has announced plans to inject an additional $1 billion into the country's Fuel Price Stabilization Fund which is used to subsidize gasoline prices. The move comes amid concerns that soaring energy prices are...

US Senate takes up landmark climate change legislation.
June 4, 2008... The US Senate is set to start debate Wednesday on landmark legislation to address climate change by substantially cutting greenhouse gas emissions by mid-century. However, opponents of the bill are ready with more than 100 amendments that...

Total CEO says peak oil may be approaching faster than expected.
June 4, 2008... The upper limits of global oil supply may be approaching faster than expected, according to Christophe de Margerie, chief executive of French oil major Total. After raising the specter of a 100 million barrel per day barrier to production...

DOE backs wind energy.(Alternatives)(United States. Department of Energy)(Brief article)
June 4, 2008... Six leading wind turbine manufacturers signed an agreement with the US Department of Energy to find ways to improve turbine design and production methods as the industry attempts to boost its contribution to the nation's electricity supply, the...

Sakhalin-2 to nail down loan.(International)(OAO Gazprom )(Brief article)
June 4, 2008... The Gazprom-led Sakhalin-2 LNG project offshore Russia may have found new lenders to finance the second phase after abandoning attempts to attract funding from the US Export-Import Bank and the UK's Export Credits Guarantee Department. The...

Indonesian exports slide 10%.(International)(Brief article)
June 4, 2008... Indonesian oil and gas exports slid more than 10% between March and April--and the downward trend may continue as the government directs more of the country's energy resources to the domestic market A senior official from government agency...

Stock market scorecard.(International)(Statistical table)
June 4, 2008... Stock Market Scorecard Integrated Close 1-Day % Chg. Majors 6/3 Chg. % Chg. 10-Day 52-Wk YTD Repsol YPF 40.82 +0.41 +1.01% -3.29% +11.26% +14.57% Marathon ...

Santos inks third Vietnam deal.(International)(SK Energy)(Brief article)
June 4, 2008... Australia's Santos and South Korea's SK Energy said Tuesday they have inked a production sharing contract (PSC) for the Phu Khanh Basin offshore central Vietnam. Santos holds a 50% operating share of PSC 123, while SK has 20% and...

Shell expands in Malaysia.(International)(Royal Dutch-Shell PLC)(Brief article)
June 4, 2008... Royal Dutch Shell plans to invest 10 billion ringgit ($3.1 billion) over the next five years expanding its Malaysian business. The Anglo-Dutch supermajor will spend the bulk of that upstream, Shell Malaysia Chairman Saw Choo Boon told a media...

CNPC snaps up Niger block.(International)(China National Petroleum Corp.)(Brief article)
June 4, 2008... China National Petroleum Corp. signed a contract with the Niger government Monday to explore and develop the Agadem oil block, the Chinese Ministry of Commerce said Tuesday. The website claimed Agadem is the African country's largest...

Petrobras moves subsalt rig.(Latin America)(Petroleo Brasileiro S.A.)(Brief article)
June 4, 2008... Brazil's state oil company Petrobras will move a drilling rig from the Jupiter natural gas field to a new basin off the northeastern coast, Petrobras upstream director Guilherme Estrella said Monday. "We always need to open new frontiers...

Congress mulls tax credits.(Legislation/Regulation)(Brief article)
June 4, 2008... Senate Energy and Natural Resources Committee ranking member Pete Domenici (R-N.M.) urged Congress on Monday to approve an extension of tax incentives for renewable energy that have become stalled. There is wide bipartisan support for...

Smith International buys rival.(Mergers & Acquisitions)(W-H Energy Services Inc.)(Brief article)
June 4, 2008... Smith International said on Tuesday it has reached a $3.2 billion agreement to acquire fellow oil field services company W-H Energy Services. The cash and stock deal will add directional drilling services to Smith's portfolio and give the...

In memoriam: Dillard Spriggs.(Mergers & Acquisitions)(International Petroleum Finance)(In memoriam)(Brief article)
June 4, 2008... Dillard P. Spriggs, founder of International Petroleum Finance, died last week following a long illness. After working for eight years with famed oil industry analyst Walter Levy, Dillard in 1958 joined Wall Street brokerage Baker Weeks, where...

Linn sells Oklahoma assets.(Natural Gas)(Laredo Petroleum Inc. acquired Linn Energy L.L.C.)(Brief article)
June 4, 2008... Independent oil and gas company Linn Energy said on Tuesday it has agreed to sell some of its assets in the Verden area in Oklahoma to Laredo Petroleum for $185 million. The assets include some 50,000 net acres and 45 Bcfe of proved...

Amec inks BP support contract.(Oil Field Service)(AMEC Engineering Ltd. entered into an agreement with British Petroleum Company PLC)(Brief article)
June 4, 2008... British engineering and project management firm Amec has entered into an agreement with BP to provide engineering and project management services for the oil major's offshore developments around the world. Amec said on Tuesday it was one...

Rex east pipe gains approval.(Pipelines)(Rockies Express Pipeline LLC.)(Brief article)
June 4, 2008... The federal government has given final approval to the 640-mile eastern segment of the Rockies Express natural gas pipeline, planned to run from central Missouri to Clarington, Ohio. Co-sponsors Kinder Morgan, ConocoPhillips, and Sempra...

Chevron extends crude unit work.(Refining)(Brief article)
June 4, 2008... Chevron said on Monday an overhaul of a crude unit at its 260,000 b/d Los Angelesarea refinery in El Segundo, California, was scheduled to last 20 more days. Sources had told Reuters the crude unit was restarting on Monday. West Coast...

Valero restarts New Jersey FCC.(Refining)(Valero Energy Corp.)(fluid catalytic cracking)(Brief article)
June 4, 2008... Valero Energy restarted its 55,000 b/d gasoline-making fluid catalytic cracking unit at its 160,000 b/d refinery in Paulsboro, New Jersey on Sunday, a spokesman said on Monday. The unit is now moving toward full rates, spokesman Bill Day...

High prices start to hurt non-OECD demand.(Organisation for Economic Co-operation and Development)
June 5, 2008... During the $100 per barrel run-up in oil prices over the past four years or so, demand in the developed world took the most evident hits. Rising prices spurred conservation, elevated concern about global warming and added to economic hardships....

Indian fuel price hikes trigger backlash.
June 5, 2008... India and Malaysia are the latest Asian nations to take measures to cut the cost of fuel subsidies, which have escalated as a result of soaring crude oil prices. India said on Wednesday it will raise prices by around 10%--its biggest...

Iran talks to Asians, Europeans about developing offshore fields.(Iranian Offshore Oil Co.)
June 5, 2008... Iranian Offshore Oil Co. (IOOC) is negotiating with Asian and European companies about developing or rehabilitating its offshore oil and gas fields, some of which have been virtually untouched since the Iran-Iraq war in the 1980s, IOOC...

Oil falls on demand destruction, hint at end to US rate cuts.
June 5, 2008... The long rally in oil prices has been relentless, but physical, financial and regulatory pressures are now testing the tenacity of the bulls. Traders put demand destruction at the top of their list of reasons on Wednesday as oil prices...

Daily oil & gas price review.(Statistical table)
June 5, 2008... Daily Oil & Gas Price Review Prices for Wednesday, June 4, 2008 US Domestic Crudes ($/barrel) Cash/Spot Change Spot Price 5-Day Avg. Month-Ago WTS (Midland) -2.16 118.30 121.73 116.41 LLS (St....

EIA weekly statistics.(Statistical table)
June 5, 2008... EIA Weekly Statistics For Week Ended May 30, 2008 US Crude Oil: Stocks (1) (millions of bbl) Current Previous Week Week Chg. PADD 1 15.4 15.5 -0.6% PADD 2 ...

Major Gulf of Mexico gas production hub returns to service.(Enterprise Product Partners L.P.)
June 5, 2008... The Independence natural gas production hub in the deepwater Gulf of Mexico returned to service late Tuesday after a leak kept the facility off line for nearly two months. Gas volumes are currently running at a reduced rate of 200-250...

Pemex backs Mexico energy reform to advance deepwater drilling.(Petroleos Mexicanos)
June 5, 2008... As congressional hearings on the Mexican government's energy reform proposal progress, the contentious issue of deepwater drilling has emerged at the forefront of the debate. Pemex upstream director Carlos Morales Gil testified on Tuesday,...

Alaska lawmakers review TransCanada gas pipeline application.
June 5, 2008... Alaska lawmakers have started the clock on their review of a $30 billion proposal by TransCanada Corp. to build a natural gas pipeline between the North Slope and markets in lower 48 states. The state legislature has 60 days to decide...

BP nears Azerbaijan milestone.(Top Briefs)(British Petroleum Company PLC)(Brief article)
June 5, 2008... Azerbaijan is gearing up to celebrate a milestone at the end of the year when production from the BP-operated offshore Azeri-Chirag-Guneshli (ACG) development reaches its target plateau of 1 million b/d. Under the existing schedule, the...

Apache blast cuts gas supplies.(International)(Brief article)
June 5, 2008... Gas supplies have been cut to several industrial and mining firms in Western Australia after Tuesday's explosion at the offshore Varanus Island oil and gas production hub (OD Jun.4,p1). Gas from Varanus, operated by US producer Apache,...

Subsidies pinch Asian firms.(International)(PTT PCL)(Brief article)
June 5, 2008... As governments across Asia review fuel subsidy programs, state oil firms in the region are counting the cost of policies designed to protect consumers from the full burden of rising oil prices. In Thailand, state-owned PTT says it could...

Norway strike averted.(International)(Norwegian Oil Industry Association)(Brief article)
June 5, 2008... The Norwegian Oil Industry Association (OLF) has settled a pay dispute with offshore oil workers and averted a strike planned for Saturday that would have shut in at least two North Sea oil platforms producing 155,000 b/d. The OLF said...

UN in Sudan crisis talks.(International)(United Nations. Security Council)(Brief article)
June 5, 2008... Officials from the UN Security Council have gathered in Sudan for talks with the Khartoum government and the southern Sudan People's Liberation Movement (SPLM) to try to defuse tensions in the central oil-rich region of Abyei and in Darfur in...

US, Turkey ink nuclear deal.(International)(Brief article)
June 5, 2008... Western governments continue to advance nuclear energy cooperation deals with states in and around the Middle East, despite regional nuclear proliferation concerns laid out in a report by a London think tank last month (OD May27,p2). The...

Malaysia raises prices 40%.(International)(Brief article)
June 5, 2008... Malaysia said Wednesday it will hike fuel prices by 41% in a bid to shave 4 billion ringgit ($1.2 billion) off this year's subsidy bill. Prime Minister Abdullah Ahmad Badawi said that from Thursday motorists will have to pay 2.70 ringgit...

Stock market scorecard.(International)(Statistical table)
June 5, 2008... Stock Market Scorecard Integrated Close 1-Day % Chg. Majors 6/4 Chg. % Chg. 10-Day 52-Wk YTD Exxon Mobil 85.75 +0.04 +0.05% -9.32% +1.82% -8.47% Repsol YPF...

Bolivia to pay compensation.(Latin America)(Transredes)(Brief article)
June 5, 2008... Bolivia said on Wednesday it will pay about $240 million in compensation for the takeover this week of natural gas pipeline company Transredes after failing to reach an agreement with Ashmore Energy International and Royal Dutch Shell, which...

US approves Alaska LNG exports.(Natural Gas)(liquefied natural gas )(Brief article)
June 5, 2008... The US Energy Department approved a request this week for energy companies to continue exporting liquefied natural gas from Alaska to Asian markets for another two years. ConocoPhillips and Marathon Oil requested authority to export up to...

Fire hits Midwest gasoline line.(Pipelines)(Midwest Gas)(Brief article)
June 5, 2008... Part of a major oil products pipeline that delivers gasoline and diesel across the US Midwest was closed Wednesday after a fire at a Kansas City-area terminal. The action by Magellan Midstream Partners to close its petroleum products...