NEW YORK (Reuters) – At a handful of gas stations in eastern Kansas, the intensifying fight between major oil refiners and the ethanol industry over the future of America’s fuel supply has found a new focus: the color of the gas hose.

Scott Zaremba, owner of Lawrence, Kansas-based Zarco 66, says he is being forced by his main fuel supplier, Phillips 66, to stop selling gasoline blended with 15 percent ethanol, the maximum level currently allowed for use in normal car engines but higher than the 10 percent norm.

NEW YORK, June 10 (Reuters) – At a handful of gas stations
in eastern Kansas, the intensifying fight between major oil
refiners and the ethanol industry over the future of America’s
fuel supply has found a new focus: the color of the gas hose.

Scott Zaremba, owner of Lawrence, Kansas-based Zarco 66,
says he is being forced by his main fuel supplier, Phillips 66
, to stop selling gasoline blended with 15 percent
ethanol, the maximum level currently allowed for use in normal
car engines but higher than the 10 percent norm.

NEW YORK, April 1 (Reuters) – The U.S. Virgin Islands and
the owners of the St. Croix refinery have agreed “in principle”
to a sale process for the shuttered plant, the governor of the
U.S. territory said on his website.

The interim agreement between Governor John De Jongh Jr. and
HOVENSA, the joint venture between Hess Corp and
Venezuela’s PDVSA, could pave the way for a revival
of the refinery if a buyer for the troubled plant can be found.

NEW YORK, March 26 (Reuters) – Macquarie Bank is
expanding its power trading business in the UK, hiring traders
from rival banks and sourcing electricity from newly acquired
power plants in hopes of becoming a bigger player in the sector.

The Australian banking group has hired six traders and
acquired two power station management agreements in the UK in
recent months as part of the expansion, Nicholas O’Kane, global
head of Macquarie’s Energy Markets Division, said in an
interview.

SAN ANTONIO, Texas, March 19 (Reuters) – Hedge funds and
others looking to bet on prices of U.S. ethanol credits should
not use that market as a “casino,” the chief executive of
HollyFrontier Corp told refining executives on Tuesday.

HollyFrontier Corp Chief Executive Mike Jennings joined an
increasingly loud chorus of U.S. refiners facing higher costs
under a federal mandate that petroleum-based fuel producers
blend increasing amounts of renewable fuels, such as ethanol and
biodiesel, into gasoline and diesel fuel each year.

NEW YORK, Feb 20 (Reuters) – A steep decline in crude oil
prices on Wednesday set off what is fast becoming a familiar
debate on Wall Street: was it man or machine?

The price of U.S. benchmark crude plummeted about $2 per
barrel in morning trading, at one point falling by 42 cents in
just two seconds as more than two million barrels worth of crude
oil contracts changed hands, a Reuters analysis of exchange data
shows.

NEW YORK (Reuters) – U.S. motorists searching for someone to blame for the highest gasoline prices ever at this time of year have an easy target: hedge funds who have been quietly amassing winning bets on hundreds of millions of barrels of oil.

At a filling station in Midtown New York last week, several people were prepared to blame traders on Wall Street as they paid more than $4 per gallon to fill up their cars.

NEW YORK, Feb 4 (Reuters) – PBF Energy said Monday
it expects the first trainload of North Dakota’s Bakken crude
oil to discharge this week at its 190,000 barrel-per-day (bpd)
refinery in Delaware City, Delaware.

Seventeen more trains are scheduled to arrive in the next
two weeks, giving the independent U.S. refiner more access to
cheap North American crude oil in a wider industry shift away
from high-cost imported crude.

NEW YORK (Reuters) – When federal regulators proposed a six-month penalty on JPMorgan Chase & Co’s electricity trading arm last month, they took aim at what is now a rare sight on Wall Street: a large and growing power sales business.

After five years of rapid and lucrative growth, the world’s biggest investment banks are now dramatically scaling back their U.S. power operations, a Reuters analysis of electricity sales has found.

NEW YORK, Dec 21 (Reuters) – When federal regulators
proposed a six-month penalty on JPMorgan Chase & Co’s
electricity trading arm last month, they took aim at what is now
a rare sight on Wall Street: a large and growing power sales
business.

After five years of rapid and lucrative growth, the world’s
biggest investment banks are now dramatically scaling back their
U.S. power operations, a Reuters analysis of electricity sales
has found.