The changing status of the war in Iran keeps oil prices changing
** Oil and natural gas prices rose after the US Navy seized an Iranian ship during a chaotic weekend that saw Tehran firing at vessels and reimposing controls in the Strait of Hormuz.
** Oil and natural gas prices rose after the US Navy seized an Iranian ship during a chaotic weekend that saw Tehran firing at vessels and reimposing controls in the Strait of Hormuz.
** Ukrainian drones struck a handful of Russia’s oil facilities overnight, including two oil refineries in the Samara region, an oil depot in Crimea and a Baltic Sea port that exports petroleum products, Russian local governors and a Ukrainian army official said on Saturday.
** Air Canada announced that it would be suspending its service to JFK airport in New York City for the next five months as a result of the rising fuel costs across the globe.
** Japan’s largest power generation company has made a proposal to invest $2 billion for construction of a 500-MW combined-cycle and simple-cycle natural gas-fired power plant on the Hawaiian island of Oahu.
US energy
** The Port of Corpus Christi in Texas handled a record level of oil exports in March after spending $1 billion over the last decade on expansion and amid market pressure from the war in Iran.
** A California judge rejects Sable Offshore’s bid to revoke an injunction prohibiting the restart of its oil pipeline system off Santa Barbara’s coast, and found the firm violated the ban by sending oil through the line beginning in March.
** FERC extends the deadline for New England utilities to calculate and pay refunds to customers after the commission ruled regional transmission owners made “unjust and unreasonable” profits over the past 25 years.The U.S. Supreme Court unanimously finds Chevron met legal requirements to transfer a lawsuit alleging it’s responsible for Louisiana’s eroding coastline from state to federal court, which could open the door for other parties to shift similar suits to venues they see as more favorable.
** The U.S. Supreme Court unanimously finds Chevron met legal requirements to transfer a lawsuit alleging it’s responsible for Louisiana’s eroding coastline from state to federal court, which could open the door for other parties to shift similar suits to venues they see as more favorable.
** A father and son sue New York over its ban on fracking, saying the prohibition amounts to unfair taking by the government and limits their ability to use their property.