November 24, 2020 archive

Enbridge gets nod for new crude pipeline in Midwest

  The U.S. Army Corps of Engineers this week approved federal permits for Canada’s Enbridge Inc. to go ahead with its Line 3 crude pipeline replacement project. The line moves crude from Alberta’s oil hub to Midwest refiners in the U.S. and the approval of the permits will allow replacement construction that’s been delayed for …

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Surging energy stocks–it’s all about vaccine optimism–and demand

  Why did energy stocks make such large leaps in Monday’s trading? Analysts give much of the credit to news of more coronavirus vaccine development. Stocks continued shooting up in Tuesday’s trading and one explanation said it happened based on the hopes that vaccines will do something to diminish the large amount of stored crude …

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