Energy Update

Refiner Delek to buy Alon Israel' 48 pct stake in Alon USA

April 14 (Reuters) - Refiner Delek US Holdings Inc said it would buy out Alon Israel Oil Co Ltd's 48 percent stake in fellow refiner Alon USA Energy Inc for about $572.4 million.

U.S. gasoline futures rise on API data showing fuel stocks drop

NEW YORK, April 14 (Reuters) - U.S.

UPDATE 1-Magellan Midstream, TransCanada to develop Houston pipeline

April 14 (Reuters) - Magellan Midstream Partners LP and TransCanada Corp , Canada's second-largest pipeline company, said on Tuesday they will develop a pipeline to connect TransCanada's Houston tank terminal to Magellan's East Houston terminal.

Can N. American gas be saved by coal retirements, power burn?

North American natural gas production is outstripping demand, and increasing power demand due to the forced retirement of coal plants may not be enough to stabilize gas prices.

Magellan Midstream, TransCanada to develop Houston pipeline

April 14 (Reuters) - Magellan Midstream Partners LP and TransCanada Corp , Canada's second-largest pipeline company, said they would develop a pipeline to connect TransCanada's Houston tank terminal to Magellan's East Houston terminal.

U.S. Senate panel unanimously backs bill to give Congress vote on Iran deal

WASHINGTON, April 14 (Reuters) - The U.S. Senate Foreign Relations Committee voted 19-0 on Tuesday to approve an amended version of a bill that would give Congress a vote on any final nuclear deal with Iran.