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0 comments Wednesday 16 Jan 2008 | Posted By Patrick | Predictions

Highlights from today’s weekly release of the DOE Petroleum Stockpile Data: >Refineries operated at 87.1% of capacity… a huge decrease from the week previous!>Gasoline production dropped roughly 200,000bpd compared to last week>Crude oil imports seem on a rebound: they averaged 10 million barrels per day, about 220,000bpd higher than the same period last year The [...]

0 comments Wednesday 09 Jan 2008 | Posted By Patrick | Commentary

With the DOE’s weekly energy report being released just moments ago, here are some highlights: >Refinery Utilization… YES!! Finally! 91.3% of capacity. This is JUST what we needed to slow the rise in gas prices!>Gasoline Demand… rose 0.4% compared to the same time last year, which is quite surprising… last year we had (I’m sure [...]

0 comments Wednesday 19 Dec 2007 | Posted By Patrick | Predictions

It’s Wednesday! I’m sure many of you know that means the Department of Energy releases its weekly petroleum report! Lets take a peek at what this weeks report contained: Well first, BP’s Toledo refinery came back online. This was echoed in the Midwest PADD numbers. The Midwest’s inventory of gasoline is at its largest number [...]

0 comments Thursday 13 Dec 2007 | Posted By Patrick | Commentary

From toledoblade.com: Sunoco plans repairs at Toledo refinery Sunoco Inc., the largest oil refiner in the eastern United States, said it plans to shut a fluid catalytic cracker and crude unit in Toledo for repairs next fall, with the possibility that part of the unit would be shut down as early as March.Top company officials [...]

0 comments Wednesday 05 Dec 2007 | Posted By Patrick | Predictions

DOE report was just released… Highlights: >Crude oil inventories dropped 8 million barrels. However, they are still in the upper half of the average range for this time of year.>Gasoline inventories rose 4 mllion barrels. However, they are still below the lower end of the average range for this time of year.>Distillate inventories rose 1.4 [...]

0 comments Sunday 23 Sep 2007 | Posted By Patrick | Commentary

Pine Bend refinery located in Minnesota is nearly ready to open the spigots to its nearly completed refinery upgrade. The story from TwinCities.com: Sometime this fall, Pine Bend refinery in Rosemount, Minnesota’s largest refinery and its biggest source of gasoline, will get significantly larger. Owned by Wichita, Kan.-based Flint Hills Resources, the sprawling maze of [...]