** Enbridge Inc. is devising plans to rapidly boost capacity on its US oil pipeline system if the incoming Trump administration succeeds in kicking off a drilling boom. Enbridge, which delivers about 5.8 million barrels of crude and liquids a day across North America, would focus on moving more oil out of the Rockies and the Bakken production regions to Midwest and Gulf Coast refineries.
** Volkswagen announces that an electric SUV made at its Tennessee plant no longer qualifies for a $7,500 federal tax credit because of escalating requirements for domestic sourcing of battery components and other materials.
** Florida cities blame electric vehicles for declining gas tax revenue, though improved fuel economy in conventional vehicles is generally a far bigger factor, experts say.
** Crews restore power to large swaths of the Southeast where a winter storm caused outages over the last few days.
World
** Chinese and Indian refiners are seeking alternative supplies of crude as new U.S. sanctions on Russian producers and tankers are set to be the most effective yet in curbing shipments to Moscow’s biggest customers, numerous traders said on Monday reported Reuters.
** Indian refiners have stopped dealing with U.S.-sanctioned oil tankers and entities but the country does not expect disruption to Russian crude supplies during a two-month wind-down period, a government source said on Monday.
** Ukraine claimed Saturday to have struck one of Russia’s largest oil refineries in a drone attack, starting a fire at the facility more than 700 miles into Russian territory. The attack on the Taneco refinery in the city of Nizhnekamsk, Tatarstan – one of the largest and most modern refineries in Russia – was the second time the facility had been struck by Ukrainian forces within the space of a year.
** Russia accused Ukraine on Monday of launching a weekend drone attack on infrastructure of a major gas pipeline that carries Russian supplies to Europe via Turkey. The allegation — which Kyiv has not commented on — comes amid an escalating energy row between the two countries, almost three years after Russia launched its full-scale military offensive.
** Germany was battling Saturday to secure a heavily loaded tanker stranded off its northern coast, towing the stricken ship that it said was part of Russia’s sanctions-busting “shadow fleet” away from shore to avert an oil spill.
** An emergency task force arrived in Russia’s southern Krasnodar region on Sunday as an oil spill in the Kerch Strait from two storm-stricken tankers continues to spread a month after it was first detected, officials said.
** Israel plans to use tax revenue it collects on behalf of the Palestinian Authority to pay the PA’s nearly 2 billion shekel ($544 million) debt to state-run Israel Electric Co (IEC), Finance Minister Bezalel Smotrich said on Sunday.
