April 18, 2012
770-350-3000
PS Energy Newsletter
About PS Energy Group
Founded in 1985 by Livia Whisenhunt (above), PS Energy Group, Inc. is a
privately-owned Atlanta-based company. As one of the nation's top
diversity-owned businesses, PS Energy provides transportation fuels,
emergency fueling, and fleet management services, including etrac™, a
telematics solution that helps improve productivity, profitability, and the
quality of the environment through better asset monitoring and vehicle
tracking.
MARKET NEWS
US Oil Inventories: Crude Up 3.9M Bbls in Week
NEW YORK (Dow Jones)--U.S. crude-oil
inventories rose 3.9 million barrels in the week
ended April 13, according to data released
Wednesday by the U.S. Department of Energy.
Crude-oil stockpiles have gained 6.6%, or 22.8
million barrels, in the past four weeks and now stand at 369
PS Energy Celebrates
Its 26th Anniversary
Incorporated in the State of
Georgia in April 1986, PS
Energy Group has grown into
one of the nation's largest
Diversity-owned energy
companies in the United
States.
We want to take this
opportunity to thank all of our
customers who have trusted
us to provide customized and
cost-effective energy and
transportation solutions.
We appreciate you!
million barrels, versus 357 million barrels a year ago.
Analysts surveyed by Dow Jones Newswires expected crude-oil
stocks to rise by 900,000 barrels.
Gasoline stockpiles fell 3.7 million barrels, to 214 million barrels,
Join PS Energy at the
2nd State of Minority
the department's
Energy Information Administration said in
its weekly report. Analysts expected a drop of 300,000
barrels.
Distillate stocks, which include heating oil and diesel fuel, fell 2.9
million barrels to 129 million barrels, compared with analysts'
forecast of a one-million-barrel decline.
Refining capacity utilization rose 0.8 percentage point to 84.6%.
Analysts had expected a 0.7 point rise.
U.S. Oil Inventories for week ended April 13:
EIA data:
Forecast:
Crude Distillates Gasoline Refinery Use
+3.9
-2.9
-3.7
+0.8
+0.9
-1.0
-0.3
+0.7
Figures in millions of barrels, except for refining use, which is
reported in percentage points. Forecasts are the average of
expectations in a Dow Jones Newswires survey of analysts
earlier in the week.
By Jerry A. DiColo, Dow Jones Newswires; 212-416-2155;
[email protected] of Energy.
(END) Dow Jones Newswires
April 18, 2012 10:39 ET (14:39 GMT)
Business Summit
hosted by the GMSDC.
GMSDC Business
Opportunity
Conference & Expo
May 16, 2012
Georgia International
Convention Center
College Park, GA
Quick Links
www.psenergy.com
www.etracllc.com
www.noaa.gov
www.wunderground.com
www.energy.gov
www.biodiesel.org
www.nymex.com
www.eia.gov
US Oil Futures: Crude Losses Grow as Cushing Oil
Stocks Top Year Ago
NEW YORK (Dow Jones)--Crude oil futures
prices posted deper losses Wednesday after U.S.
oil inventory data showed a bigger than expected
rise in inventories.
Stocks at Cushing, Okla., the delivery point for teh benchmark
New York Mercantile Exchange crude oil futures contract, rose to
top the year-earlier level for the first time since July 2011.
Cushing stocks have gained 7% over the past four weeks ahead of
the planned reveral next month of the Seaway pipeline. That
move will allow crude to move out of landlocked Cushing to
refineries on teh Gulf Coast.
EMERGENCY
FUELING SERVICES
Nymex futures trimmed losses in an immediate reaction to data
from the Energy Information Administration that showed that
nationwide crude oil stocks rose by 3.856 million barrels in the
week, far beyond the 900,000 rise that was expected. Traders
initially dismissed the report, noting that 88% of the big rise
occurred on the West Coast, and doesn't reflect the broader trend,
said Carl Larry, of Oil Outlooks and Opinions..
PS Energy can provide
guaranteed fueling during
times of disaster through one
of three distinct levels of
Emergency Fueling Programs.
But, the pressure from rising stocks at Cushing pushed prices
down, traders said.
Don't wait! Call now to
arrange to have your company
set up on an emergency
fueling program.
Light, sweet crude oil for May delivery was off $1.08 at $103.12 a
barrel recently. ICE North Sea Brent crude, under greater
pressure from competition caused by the Seaway reversal, was
down $1.89 at $116..89 a barrel.
800-334-7548
The EIA also said gasoline stocks fell by a steep 3.671 million
barrels, more than the expected drop of 1 million barrels. But
traders said the drop in Brent prices provided greater pressure,
and sent reformulated gasoline futures down. RBOB futures are
more closely tied international prices, reflected by the Brent
contract.
May RBOB prices were 8.26 cents lower, at $3.1514 a gallon.
The EIA said distillate stocks (diesel and heating oil) fell 2.908
million barrels, well below the expected 300,000 barrel drop.
Heating oil futures were off 3.47 cents, at $3.0919 a gallon.
By David Bird, Dow Jones Newswires; 212-416-2141;
[email protected]
(END) Dow Jones Newswires
April 18, 2012 11:30 ET (15:30 GMT)
Copyright (c) 2012 Dow Jones & Company, Inc.
SOUTHEAST AND MID-ATLANTIC SOAKING
by Kevin Roth, Lead Meteorologist, The Weather Channel
- A slow-moving storm produces locally heavy showers and
thunderstorms across the Southeast, eastern Tennessee and
Florida.
- Much-needed rainfall of an inch or more is possible in northern
Georgia, eastern Tennessee and the western Carolinas.
- Stronger thunderstorms could produce hail and gusty winds from the
eastern Carolinas through northern Florida.
- Scattered showers and thunderstorms linger along the Southeast
coast and Florida Peninsula Thursday.
- Dry conditions are expected from Oklahoma and Texas to central
Tennessee and west Alabama.
- Breezy conditions with gusts occasionally over 25 mph are expected
in West Texas and Oklahoma.
- High temperatures in the 50s to lower 70s are forecast from
northeast Alabama and eastern Tennessee to the western Carolinas
and northern Georgia.
- Elsewhere high temperatures should be in the upper 70s and 80s for
most areas.
- A few lower 90s are possible in western Texas.
More Regional
Forecasts:
Midwest
Northeast
West
Alert Level Rises for Volcano Near Mexico City
by Associated Press
MEXICO CITY (AP) - Authorities in Mexico have raised the alert level
for the Popocatepetl volcano southeast of Mexico City due to
increasing activity. It's now at the fifth step on a seven-level warning
scale.
A lava dome is growing in the volcano's crater, the National Disaster
Prevention Center said Tuesday. The 17,886-foot (5,450-meter)
volcano also has been spewing fragments of incandescent rock
recently, as well as water vapor and ash.
The volcano could experience "significant explosions of growing
intensity that hurl incandescent rocks significant distances," large ash
showers and possible flows of mud and molten rocks down the
volcano's flanks, the center said.
The agency said the area has been closed to visitors and urged
people to stay at least seven miles (12 kilometers) from the crater,
which is about 40 miles (65 kilometers) southeast of Mexico's capital.
It also recommended that people in the surrounding areas clean ash
from weak rooftops and to cover their mouths to avoid inhaling it.
The alert is now at the highest level of the yellow stage; the next stage
is a red alert, which presumably would prompt evacuations to begin.
Known as "El Popo," the volcano staged its most violent eruption in
1,200 years on Dec. 18, 2000, when an explosion sent up a plume of
red-hot rock and forced the evacuation of thousands of people who
live at the volcano's base.
The volcano, which seats in the central states of Mexico, Puebla, and
Morelos, has been erupting intermittently since December 1994.
This communication is for informational purposes only. It is not intended as
an offer or solicitation for the purchase or sale of any financial instrument or
as an official confirmation of any transaction. All market prices, data, and
other information are not warranted as to completeness or accuracy and are
subject to change without notice. Any price information is not warranted as
to completeness or accuracy and is subject to change without notice. Any
price statements made herein do not necessarily reflect those of PS Energy
Group or its affiliates. Accordingly, PS Energy Group or its affiliates shall
have no liability to you whether such liability arises in contract, tort or
statute for any costs, losses, expenses, damages whether arising or incurred
directly or indirectly by you placing reliance on any information contained
within this communication.
THE INFORMATION CONTAINED IN THIS NEWSLETTER IS CONSIDERED CONFIDENTIAL AND PROPRIETARY AND
SHOULD NOT BE REPRODUCED WITHOUT THE EXPRESS PERMISSION OF PS ENERGY GROUP, INC.