Propane Drove 2016 U.S. Petroleum Product Export Growth

In the first half of 2016, the U.S. exported 4.7 million barrels per day (b/d) of petroleum products—almost 10 times the crude oil export volume—an increase of 500,000 b/d over the first half of 2015. While U.S. exports of distillate and gasoline increased by 50,000 b/d and nearly 140,00...

Readmore

$900 Million Natural Gas Power Plant Planned for Ohio

EmberClear Corp. of Houston has announced plans for a new $900 million natural gas-fired electric power generation plant. The 1,000-MW Harrison Power Project will be built over 60-acres in Harrison County, OH. EmberClear said it will take 18 to 36 months to win approval of various state and federal ag...

Readmore

Durable Goods Orders Unchanged in August

New orders for manufactured durable goods in August were little changed at $226.9 billion, the U.S. Department of Commerce announced, following a 3.6% July increase. Economists were predicting a 1.5% decrease in August. Excluding transportation, new orders decreased 0.4%. Excluding defense, new orders...

Readmore

U.S. Consumer Confidence Surges to Nine-Year High

The Conference Board Consumer Confidence Index, which had increased in August, improved further in September. The Index now stands at 104.1, up from 101.8 in August. The 104.1 figure is the highest since August 2007.

“Consumer confidence increased in September for a second consecutive month and i...

Readmore