MassiveIndustry

(Wed, 03 Feb 2016) This study examines supply, consumption, and distribution of transportation fuels in Petroleum Administration for Defense Districts (PADDs) 1 and 3, or the U.S. East Coast and the Gulf Coast, respectively. The East Coast region includes states from Maine to Florida along the U.S. Atlantic Coast. The Gulf Coast region comprises states between New Mexico in the west to Alabama in the east along the Gulf of Mexico. For this study, transportation fuels include gasoline, diesel fuel and jet fuel. Residual fuel oil supply is also analyzed where applicable.

On Jan. 20, WTI and Dated Brent closed at $26.54/b and 25.96/b, respectively, the lowest prices seen since 2003. Since then we have seen prices rise and hover around the $30/b level.

While American crude has started to trickle out on to the world market, cargoes of crude grades the US hasn’t seen in years are beginning to appear in domestic ports.

(Mon, 01 Feb 2016) On October 23, 2015, Southern California Gas Company (SoCalGas) detected a major leak at Aliso Canyon, an underground natural gas storage facility located 30 miles northwest of Los Angeles. The Aliso Canyon storage facility, which has 115 wells, is the second-largest natural gas storage field in the western United States.