** The Standing Rock Sioux Tribe files a new lawsuit claiming the Dakota Access pipeline is operating illegally after the U.S. Army Corps of Engineers flouted regulations to allow the project.
** The Port of Corpus Christi and its customers moved 53 million tons through the Corpus Christi Ship Channel in the third quarter of 2024, a new quarterly high mark driven by increases in crude oil and dry bulk movements.
** California officials have joined a legal effort to restore water to the Kern River after an abrupt shutoff of water dried up the river and killed thousands of fish in Bakersfield.
** Deputy Energy Secretary David Turk calls on Congress to pass an energy permitting deal, saying the Biden administration can’t advance its climate goals without one.
** A federal court temporarily halts two permits to build a 32-mile Tennessee pipeline to a coal plant the Tennessee Valley Authority plans to retire and replace with a gas-fired power plant to let a lawsuit be heard.
** Demand for electric vehicles has seen steady, uninterrupted growth since data on the emerging market was first tracked. But this year, the trend has flipped. The first half of 2024 saw fully electric vehicles lose market share in the U.S. for the first time on record, according to data from the Alliance for Automotive Innovation.
World
** The possibility that Saudi Arabia will lift the “floodgates” on its oil production has climbed in recent weeks, fueled by “deteriorating cohesion” among the group of major oil producers known as OPEC+, according to a report from Capital Economics released Monday. A “sense of frustration is clearly building,” Kieran Tompkins, climate and commodities economist at Capital Economics, wrote in Monday’s note, according to Market Watch.
** The world is heading into an era of cheaper energy prices as a shift towards electricity use leaves behind surpluses of oil and gas, the International Energy Agency predicted. Global demand for all fossil fuels will stop growing this decade, while supplies of oil and LNG are set to climb, the IEA forecast in its annual long-term report. Meanwhile, an ongoing surge in electricity consumption led by China is on track to accelerate, it said.
** European Union Energy Commissioner Kadri Simson warned the region’s gas companies that any potential new deals to keep gas flowing from Russia through Ukraine would be a “dangerous” choice. A key gas transit agreement between Moscow and Kyiv expires on Dec. 31 and negotiations continue to try to keep flows coming through the pipeline.
** Kazakhstan, the world’s No. 1 uranium producer, will decide next month on whether to approve a huge deal to supply concentrates to China’s nuclear industry. Shareholders of state-owned miner Kazatomprom will vote on Nov. 15 at an extraordinary general meeting in Astana on whether to support the transaction with CNNC Overseas Ltd. and China National Uranium Corp.
