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Argus Media

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LPG Summit: LPG rail car fleet to grow: Mitsui http://bit.ly/2jFaOVL
Houston, 19 January (Argus) — The number of US LPG-capable tank rail cars will grow by 29pc by 2020 to meet growing demand, Mitsui Rail Capital president Dan Penovich said today. The large pressure rail car fleet has already grown in recent years as LPG became more attractive to move when ...
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US Treasury nominee qualifies Trump's border tax http://bit.ly/2k6t6wf
Washington, 19 January (Argus) — US president-elect Donald Trump has doubts about a congressional plan to overhaul the tax treatment of imports and exports because of its effects on gasoline prices, US treasury secretary nominee Steven Mnuchin said today. "The president-elect said he has ...
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Crude Summit: Limited rail potential from Permian http://bit.ly/2jF6xBU
Houston, 19 January (Argus) — Ample existing infrastructure will constrain the Permian basin from rekindling a boom in railed crude movements. Rising crude production could create a short window for railed movements out of the Permian basin to the US west coast, experts said today at the Argus ...
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Crude Summit: US oil exports could reach 1mn b/d http://bit.ly/2jEDX3n
Houston, 19 January (Argus) — US exports of crude could reach 1mn b/d this year as the country becomes an increasingly important player in the global market, a shipping analyst with shipbroker Clarksons said. US oil exports should be in a range of 600000 b/d to 1mn b/d, depending on the recovery of ...
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Crude Summit: Non-Opec supply, workforce key risks http://bit.ly/2k5RI8l
Houston, 19 January (Argus) — A sharp decline in non-Opec oil supply, rehiring manpower lost during the price downturn and wide price swings are some key factors to look out for in the oil market this year. A panel of experts discussing challenges in 2017 at the Argus Americas Crude Summit listed ...
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Pennsylvania gas utility seeks rate increase http://bit.ly/2jE05Lm
Houston, 19 January (Argus) — UGI Penn Natural Gas today filed a request with the Pennsylvania Public Utility Commission (PUC) to increase its base rates by $21.7mn/yr. The company said the rate increase would fund ongoing improvements to its infrastructure as well as new energy efficiency ...
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Judge´s death casts pall over Petrobras probe http://bit.ly/2k6tbA3
Rio de Janeiro, 19 January (Argus) — The Brazilian Supreme Court justice responsible for the court's portion of the sweeping investigation into systemic corruption at state-controlled Petrobras died in a plane crash this afternoon off the coast of Rio de Janeiro state, state emergency workers said.
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LPG Summit: China PDH growth drives LPG demand http://bit.ly/2jF6xlo
Houston, 19 January (Argus) — Growth in on-purpose propylene production through propane dehydrogenation (PDH) units is a major LPG demand source in China, according to Argus vice president of propylene and derivatives Paige Morse. Propylene demand is driven primarily by polypropylene, ...
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Death casts pall over Petrobras probe: Update http://bit.ly/2jEPS1f
Adds comment from Petrobras chief executive. Rio de Janeiro, 19 January (Argus) — The Brazilian Supreme Court justice responsible for the court's portion of the sweeping investigation into systemic corruption at state-controlled Petrobras died in a plane crash this afternoon off the coast of Rio de ...
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Crude Summit: Tesoro sees biofeedstock in near future http://bit.ly/2k5RVrX
Houston, 19 January (Argus) — Tesoro could run a "meaningful amount" of renewable feedstocks at its refineries within seven years, executive vice president of operations Cynthia Warner said today. The company has for years pursued renewable or biofuel alternatives in its predominantly US west ...
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LPG Summit: VLGCs suffer from lower rates: Gulf Stream http://bit.ly/2jEboDe
Houston, 19 January (Argus) — High LPG terminal fees could hinder US LPG exports as arbitrages are narrow, said Knut Scharning, president of Gulf Stream Tanker Chartering. "Terminal polices hold back trade development," he said today at the Argus Americas LPG Summit in Houston, Texas.
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LPG Summit: Mexico LPG imports up, need infrastructure http://bit.ly/2k5u384
Houston, 19 January (Argus) — Recent reforms have allowed private traders to import LPG to Mexico from the US Gulf coast, but the country will need to increase privately owned storage and transportation infrastructure, LPG Distributors Association president Luis Landeros said. Production from ...
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