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Sunday, December 22, 2024

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U.S. Shale Production Growth Outlook

As always, there are multiple factors that weigh on oil markets, causing prices to rise and fall. U.S.–China trade tensions, the slow-motion implosion of Venezuela’s oil industry, and the possibility that the United States will re-impose sanctions on Iran…
As always, there are multiple factors that weigh on oil markets, causing prices to rise and fall. U.S.–China trade tensions, the slow-motion implosion of Venezuela’s oil industry,… https://oilandenergyonline.com/articles/all/us-shale-production-growth-outlook/

Super-Powered Service & Sales Teams

Two of the articles I’ve submitted to Oil & Energy for 2018 dealt with the energy industry’s response to this past winter. The first, January/February’s “Lessons from the Storm,” discussed fuel dealers’ immediate response — how to manage customer communic…
Two of the articles I’ve submitted to Oil & Energy for 2018 dealt with the energy industry’s response to this past winter. The first, January/February’s “Lessons from the… https://oilandenergyonline.com/articles/all/super-powered-service-sales-teams/

“Helping the Industry Move Forward”

National Oilheat Research Alliance (NORA) President John Huber discusses the association’s latest efforts and prospects for the future
National Oilheat Research Alliance (NORA) President John Huber discusses the association’s latest efforts and prospects for the future   How has NORA’s learning website,… https://oilandenergyonline.com/articles/all/helping-industry-move-forward/

Buckeye Sets Sights on Two-Way Pipeline

Buckeye Partners, L.P. announced it is actively undertaking the steps necessary to provide bi-directional service along the Altoona to Pittsburgh section of the refined fuels pipeline system operated by its operating subsidiary, Laurel Pipe Line Company, …
Buckeye Partners, L.P. announced it is actively undertaking the steps necessary to provide bi-directional service along the Altoona to Pittsburgh section of the refined fuels… https://oilandenergyonline.com/articles/all/buckeye-sets-sights-two-way-pipeline/

Propane Council Expands Construction Incentive Program

Additional qualifying combinations of residential propane appliances open incentive dollars to more builders and remodelers using the Propane Energy Pod model
Homeowners throughout New England are demanding sustainable energy options that offer greater efficiency and lower costs. Because of its proven safety, cost-efficiency, and lower… https://oilandenergyonline.com/articles/all/propane-council-expands-construction-incentive-program/

Congress Calls for Additional SPR Sales

Recent legislation has directed the sale of more than 100 million barrels of oil from the U.S. Strategic Petroleum Reserve (SPR) in U.S. government fiscal years (FY) 2022 through 2027.
The following article originally appeared in the February 21 edition of Today In Energy, published by the U.S. Energy Information Administration, under the heading, “Recent… https://oilandenergyonline.com/articles/all/congress-calls-additional-spr-sales/

FERC Shows Its Hand

On February 27, FERC issued an official news release stating that a staff inquiry had found “no evidence of anticompetitive withholding of natural gas pipeline capacity on Algonquin Gas Transmission.”
Report Finds “No Evidence” of Capacity Withholding in New England On February 27, the Federal Energy Regulatory Commission (FERC) issued an official news release stating that a… https://oilandenergyonline.com/articles/all/ferc-shows-its-hand/

MEMA & DOER Present Webinar on Alternative Energy Portfolio Standard

On Tuesday, March 6, the Massachusetts Energy Marketers Association (MEMA) and Massachusetts Department of Energy Resources (DOER) presented a webinar by DOER titled “Biofuels in the Massachusetts Alternative Energy Portfolio Standard.” Over 110 indivi…
On Tuesday, March 6, the Massachusetts Energy Marketers Association (MEMA) and Massachusetts Department of Energy Resources (DOER) presented a webinar by DOER titled “Biofuels in… https://oilandenergyonline.com/articles/all/mema-doer-present-webinar-alternative-energy-portfolio-standard/

IRS Issues Special One-Time Claim Procedures for Retroactive Tax Credits

The IRS has issued special one-time claim procedures — IRS Notice 2018-21 — for payment of the $1.00-per-gallon biodiesel blender credit, and the $0.50-per gallon alternative fuel credit and alternative fuel mixture credit. Congress retroactively reinstat…
The IRS has issued special one-time claim procedures — IRS Notice 2018-21 — for payment of the $1.00-per-gallon biodiesel blender credit, and the $0.50-per gallon alternative fuel… https://oilandenergyonline.com/articles/all/irs-issues-special-one-time-claim-procedures-retroactive-tax-credits/

OPEC Seeks Oil Market Stability

Moving on From Output Cut Deal
Moving on From Output Cut Deal In January 2017, OPEC and allied non-OPEC oil producers, most notably Russia, implemented a reduced production agreement for the purpose of… https://oilandenergyonline.com/articles/all/opec-seeks-oil-market-stability/

Emergency Generator Fueling

Prepare for the Worst and Hope for the Best
Prepare for the Worst and Hope for the Best It’s been a long, busy winter season. Artic air blasts, a few Nor’easters, and lots of snow kept fuel dealers in the Northeast… https://oilandenergyonline.com/articles/all/emergency-generator-fueling/

Have You Outgrown QuickBooks?

QuickBooks is everywhere. At least it seems that way. Results from our most recent energy survey indicate that 64% of companies in the retail oil and propane industry use QuickBooks for their accounting. But as industry merger & acquisition activity conti…
QuickBooks is everywhere. At least it seems that way. Results from our most recent energy survey indicate that 64% of companies in the retail oil and propane industry use… https://oilandenergyonline.com/articles/all/have-you-outgrown-quickbooks/

Flaunt Your Flexibility

A new wave of budget plan and price protection enrollment is within reach
A new wave of budget plan and price protection enrollment is within reach If you offer budget and price protection plans, expect customer interest in these programs to increase… https://oilandenergyonline.com/articles/all/flaunt-your-flexibility/

Prices & Predictions

Oil & Energy recently reached out to hedging providers who support the heating oil market for their thoughts about the current marketplace and prospects for 2018-2019.
Hedging experts tackle 10 tough questions on the oil markets of today and tomorrow The winter of 2017-2018 saw Brent and WTI crude oil prices increase by more than $10/barrel… https://oilandenergyonline.com/articles/all/prices-predictions/

Biodiesel Tax Credit Welcomed, But Uncertainty Lingers

In the early morning hours of Friday, February 9, Congress approved a $320 billion, two-year budget deal that funds the government through March 23. The bill included short-term extensions to certain business and individual tax provisions, or “tax exte…
In the early morning hours of Friday, February 9, Congress approved a $320 billion, two-year budget deal that funds the government through March 23. The bill included… https://oilandenergyonline.com/articles/all/biodiesel-tax-credit-welcomed-uncertainty-lingers/

Cargas Systems’ New CEO Reflects on Past Success, Looks to Future Opportunities

President of Cargas Systems since 2015, Nate Scott was named CEO late last year Being in the energy industry, whether as a delivery driver or business leader, often means being in two or three places at once. Pennsylvania-based software company Cargas Sy…
President of Cargas Systems since 2015, Nate Scott was named CEO late last year Being in the energy industry, whether as a delivery driver or business leader, often means being… https://oilandenergyonline.com/articles/all/cargas-systems-new-ceo-reflects-past-success-looks-future-opportunities/

New York Fuel Dealers Team with CBS for Winter Coat Drive

This winter, the New York Oil Heating Association (NYOHA) partnered with local CBS radio station 1010 Wins for the association’s fourth annual winter coat drive. As part of the program, from December 20 to February 24, a branded “Bioheat® Van” was in n…
This winter, the New York Oil Heating Association (NYOHA) partnered with local CBS radio station 1010 Wins for the association’s fourth annual winter coat drive. As part of the… https://oilandenergyonline.com/articles/all/new-york-fuel-dealers-team-cbs-winter-coat-drive/

Tariffs Stymie Biodiesel Imports

Domestic Producers Look to Fill Gaps in Supply Chain
Domestic Producers Look to Fill Gaps in Supply Chain It doesn’t take special glasses to see a correlation between the imposition of tariffs on Argentinian biodiesel imported into… https://oilandenergyonline.com/articles/all/tariffs-stymie-biodiesel-imports/

The Most Important Things to Know About the New Tax Law

The Tax Cuts and Jobs Act passed on December 20, 2017 represents the most comprehensive overhaul of the federal tax laws in nearly 40 years, with many provisions related to energy businesses.
The Tax Cuts and Jobs Act was passed by Congress on December 20, 2017 and signed by the president on December 22, 2017. It represents the most comprehensive overhaul of the… https://oilandenergyonline.com/articles/all/most-important-things-know-about-new-tax-law/

Rally Recap

Crude oil and refined products futures rallied sharply throughout the second half of 2017 and much of January 2018, with front-month NYMEX WTI crude oil futures rising to a high of $65.61/bbl on January 24.
Crude oil and refined products futures rallied sharply throughout the second half of 2017 and much of January 2018, with front-month NYMEX WTI crude oil futures rising from a low… https://oilandenergyonline.com/articles/all/rally-recap/

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