WASHINGTON—Calgary-based Enbridge Inc. scored a key victory in the Line 5 dispute Tuesday as a judge in Michigan rejected the state attorney general’s bid to get the dispute over the cross-border pipeline kicked out of federal court. U.S. Circuit Court Judge Janet Neff issued the long-awaited written ruling late Tuesday, agreeing with Enbridge that its…
Michigan Judge Rejects Attorney General’s Effort to Move Line 5 Case to State Court
Natural Gas Prices Expected to Be Volatile This Winter Amid Uncertainty About Weather: EIA
Natural gas prices are expected to be “volatile” across the United States as the winter heating season begins amid uncertainty about the weather, according to the U.S. Energy Information Administration (EIA). In its November Short-Term Energy Outlook (STEO), published Tuesday, the EIA estimates that U.S. natural gas storage levels had risen to within 3 percent of the…
US Gasoline Prices Rise to Fresh 7-Year High
Prices of regular gasoline in the United States have risen to a new seven-year high, though a slight dip in domestic demand meant that the recent rise was the smallest increase in a month. For the week of Nov. 1, the national average for a gallon of regular gasoline rose to a seven-year high of…
Biden’s Policies Are Hindering US Oil and Gas Companies From Producing Energy, Placing Increased Costs on Consumers: DEPA President
October 27, 2021
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The Biden administration’s policies are hindering U.S. oil and gas companies from producing energy commodities, driving up the price which in turn results in consumers paying more, according to Jerry Simmons, the president of the Domestic Energy Producer Alliance (DEPA). DEPA is a nationwide collaboration of 39 coalition associations representing individuals and companies who engage in domestic onshore…
US Gasoline Prices Vault to New 7-Year High
U.S. gasoline prices have notched yet another rise, with the national average hitting a fresh seven-year high. As of Oct. 27, the national average for a gallon of regular gasoline rose to $3.394 from the prior day’s $3.389 and up from the month ago average of $3.189, according to AAA. “With the U.S. economy slowly recovering…
Market Pulse: European Stocks Rise, Dollar Gains, Oil Inches Up
September 16, 2021
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European stocks rose on the morning of Sept. 16, oil prices inched up modestly after the previous day’s sharp gains, and the dollar ticked up as investors considered a mix of economic data and looked to next week’s Federal Reserve policy meeting that could provide clues for a rollback of stimulus measures. Oil prices inched…
Bank of America Predicts Oil Could Hit $100 per Barrel in Case of Severe Winter Cold Snap
Oil prices could top $100 per barrel in the event of a significantly colder-than-usual winter, Bank of America analysts said in a note cited by Reuters. Global crude oil demand could surge by up to 2 million barrels per day (bpd) in the event of a major winter cold snap, which could send oil prices…
OPEC Sees Weaker Oil Demand in 4th Quarter But Surge to Above Pre-Pandemic Levels In 2022
The Organization of the Petroleum Exporting Countries (OPEC) on Monday raised its forecast for global oil demand in 2022 on the back of strong economic recovery prospects, while revising downward its demand expectations for the final quarter of this year due to pandemic-related factors. OPEC said in its monthly market report, released on Sept. 13,…
Gasoline Prices Hit 7-Year High Even as Demand Falls for 4th Straight Week
U.S. gasoline prices have risen to their highest level in seven years even as demand fell for a fourth straight week, with supply disruptions from Hurricane Ida putting upward pressure on prices and keeping seasonal factors from delivering relief at the pump to drivers frustrated by historically high fuel costs. Retail gasoline prices in the United…
Gas Prices Surge to Fresh 7-Year High
Gas prices have surged to a new seven-year high and while some experts predict predict they’ll come down soon, others expect more pain at the pump if crude oil prices rise. For the week of Aug. 2, the national average for a gallon of regular gasoline rose by a little over two cents compared to…
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