** The Minnesota Court of Appeals on Monday affirmed state regulators’ key approvals of Enbridge Energy’s Line 3 oil pipeline replacement project, in a dispute that drew over 1,000 protesters to northern Minnesota last week.
** Royal Dutch Shell Plc is reviewing its holdings in the largest oil field in the U.S., a possible sale that could raise as much as $10 billion, according to Reuters. The potential sale could include all of Shell’s 260,000 acres in the Permian Basin, Reuters reported citing unidentified people familiar with the matter.
** In its latest Monthly Oil Report, the IEA called on OPEC+ to increase production in order to counter higher demand in 2022. The agency claimed that, based on current global economic growth expectations, demand for crude oil and petroleum products will be reaching pre-COVID levels by 2022 reported OilPrice.com.
** The U.S. Energy Department’s weekly inventory release showed a higher-than-expected increase in natural gas supplies.
** Ford will be shutting down production of the Mustang May 3-7 with a plan to resume assembling the pony car afterward. While that’s the plan, the outlook for the Mustang and other models, both from Ford and other automakers, doesn’t look exactly rosy.
** GM is removing start/stop technology from a number of its popular full-size SUVs due to the ongoing chip shortage. This follows the removal of cylinder deactivation technology from some of its trucks, which was also due to the chip shortage.
** The number of people killed in a gas pipeline explosion in central China on Sunday has risen to 25, state broadcaster CCTV reported on Monday.
** Exit polls on Sunday indicated that Swiss voters appear to have narrowly rejected a proposed “carbon dioxide law” that would have hiked fees and taxes on fuels that produce greenhouse gases.
** -Canada will not approve new thermal coal mining projects or plans to expand existing mines because of the potential for environmental damage, Environment Minister Jonathan Wilkinson said on Friday.
** General Electric and France’s Safran on Monday set out plans to test-build an open-bladed jet engine able to reduce fuel usage and emissions by 20% as they prolonged their engine joint-venture, CFM International, by 10 years to 2050.
** According to the U.S. Energy Information Administration(EIA), jet fuel demand is projected to reach 1.47 million barrels a day during the third quarter, up from 1.13 million in the first quarter and more than 50% higher than a year earlier.
** The Group of Seven leaders on Sunday concluded their summit by agreeing to reaffirm their previously-established goals to create a turning point in climate change issues in 2021. They did not announce specific new goals.
** A mining company postpones work on a major lithium project in Nevada in the wake of a lawsuit from environmentalists challenging the project’s Trump-era approval.
