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West Coast petroleum markets differ by supply, demand, and distribution

(Thu, 08 Oct 2015) The U.S. Energy Information Administration released a PADD 5 Transportation Fuels Markets study on September 30 that examines supply, demand, and distribution of petroleum-based transportation fuels in Petroleum Administration for Defense District (PADD) 5, which encompasses California, Arizona, Nevada, Oregon, Washington, Alaska, and Hawaii.

Coal Transportation Rates to the Electric Power Sector

(Thu, 08 Oct 2015) The average cost to transport coal in the U.S. remained near $17.50 per ton between 2011 and 2013, but has increased by nearly 9% since 2008. The average cost of shipping by rail, which moves approximately two-thirds of all coal consumed in the U.S., increased by 14% from 2008 to 2013.

UPDATE 6-Brazil's president loses legal battle, faces impeachment threat

BRASILIA, Oct 7 (Reuters) - Brazil's besieged President Dilma Rousseff lost a major battle on Wednesday when the federal audit court rejected her government's accounts from last year, paving the way for her opponents to try to impeach her.

U.S. Midwest refinery margins rose the most last week

Oct 7 (Reuters) - Refining margins in the U.S. Midwest region (West Texas Intermediate) rose the most among the five U.S. petroleum districts, by $3.39 per barrel to $25.70 per barrel in the week ended Oct. 2, Credit Suisse said in a weekly report on Wednesday. Margins in the East Coast (Brent) were up 6 cents per barrel to $9.04 a barrel.

RPT-China investigates former Sinopec chairman for 'discipline violations'

SHANGHAI, Oct 8 (Reuters) - Chinese authorities have placed the governor of Fujian province, who is also the former chairman of China Petroleum and Chemical Corporation, under investigation on suspicion of "serious disciplinary violations", China's anti-graft watchdog has said.

China investigates former Sinopec chairman for 'discipline violations'

SHANGHAI, Oct 8 (Reuters) - Chinese authorities have placed the governor of Fujian province, who is also the former chairman of China Petroleum and Chemical Corporation, under investigation on suspicion of "serious disciplinary violations", China's anti-graft watchdog has said.

QIC consortium to buy Iona gas storage plant in Victoria for $1.28bn

A Queensland Investment Corporation (QIC)-led consortium has signed a binding agreement with EnergyAustralia, a member of the China Light & Power (CLP) Group, to acquire the Iona gas storage facility (Iona) west located in Melbourne in Victoria, Australia, for A$1.78bn ($1.28bn).

UPDATE 1-BTG Pactual opens new E.Coast front for condensate exports -sources

HOUSTON, Oct 7 (Reuters) - The trading arm of Brazilian investment bank BTG Pactual has opened a new East Coast gateway for exports of U.S. condensate, preparing to ship a second cargo this week along what is set to become a regular route to overseas refiners, sources familiar with the matter said.

UPDATE 3-California's ambitious renewable energy bill signed into law

LOS ANGELES, Oct 7 (Reuters) - Governor Jerry Brown on Wednesday signed into law a bill requiring California to produce half its electricity from renewable sources by 2030, a goal he said was key to combating global climate change.

UPDATE 1-White House issues veto threat for U.S. House oil export bill

WASHINGTON, Oct 7 (Reuters) - The White House issued a veto threat on Wednesday for a U.S. House of Representatives bill that would lift a four-decade-old ban on crude oil exports, saying the legislation was "not needed at this time."

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