September 4, 2022 archive

Will Friday’s weak gain in crude oil prices grow this week?

  Oil prices managed a weak improvement on Friday, ahead of the OPEC+ meet where output cuts were to be discussed. Investors also remained nervous about the massive COVID-19 shutdowns in China along with the growing weakness of the global economy. West Texas Intermediate crude for October delivery rose 26 cents to close at $86.87 …

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TC Energy faces another pipeline fight

  First its Keystone XL pipeline project was killed by President Biden on the first day he took office and now developer TC Energy Corp. is in the middle of a fight over another pipeline project. Three states are attempting to block the Canadian company’s pipeline aimed at carrying Canadian natural gas to customers in …

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EPA switches stance on Trump-era approved offshore project

  Developers of a proposed offshore oil export terminal project near Corpus Christi, Texas were handed a setback by the Environmental Protection Agency. The EPA denied a permit for the project claiming it would allow massive pollution. The denial came after the same agency, in the Trump administration had okayed the project reported the Corpus …

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