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• Report: Tariffs could slow grid modernization, raise costs
  New tariffs on steel, aluminum and copper could hinder the pace of grid...
  New tariffs on steel, aluminum and copper could hinder the pace of grid modernization and clean energy projects, according to a report from Morningstar. The tariffs could increase the cost of transmission projects by up to 30%, potentially making some projects financially unviable, the analysts say. Tariffs also could lead to procurement delays and higher utility bills, posing challenges for state regulators and creating credit risks for utilities.
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• N.D. allocates $500M to jumpstart Bakken East Pipeline
  North Dakota has committed $500 million over 10 years as an anchor shipper...
  North Dakota has committed $500 million over 10 years as an anchor shipper on WBI Energy's Bakken East Pipeline, clearing the way for construction of the 1 Bcf/d line from the Bakken Shale to the state's eastern markets. The state's backing is intended to reduce risk for producers and industrial users hesitant to sign early contracts and provide a bridge until private shippers step in. Once online, the pipeline will ease gas takeaway constraints that have led to flaring and drilling curtailments, as well as reduce reliance on Canadian gas.
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• ☕️What Else is Brewing Thursday Morning
  Trump’s 50% tariff on India kicked in. India’s...
  Trump’s 50% tariff on India kicked in. India’s exports to the US will now get hit with a steep import tax, after President Trump doubled the 25% tariff he initially imposed on Indian goods to punish the country for buying Russian oil amid the war in Ukraine. The heightened tariff, which took effect yesterday, is putting a strain on US-India relations and could be a big blow to India since the US is its biggest export destination. It shipped about $87.3 billion worth of goods to the US last year. However, some major exports are exempt for now, including smartphones—which is good news for Apple as it’s been shifting manufacturing there in an effort to decrease its reliance on China.
  
  Centers for Disease Control and Prevention Director Susan Monarez was fired yesterday after less than a month on the job, reportedly because she clashed with HHS Secretary RFK Jr. The firing came after Monarez refused to resign.
  
  Denmark summoned the top US diplomat there for talks, accusing the US of trying to drum up support in Greenland for the semiautonomous territory to secede from Denmark. President Trump has previously said he believes the US should control Greenland.
  
  Microsoft employees have been protesting the company’s contracts and partnerships with the Israeli military and government, prompting a crackdown by their employer.
  
  Kilmar Ábrego Garcia, a Salvadoran national whose mistaken deportation to El Salvador became a flashpoint in debates over President Trump’s immigration crackdown, is seeking asylum in the US, hoping to avoid deportation to Uganda.
  
  The Trump administration is taking over the management of Washington, DC’s Union Station as the federal government seeks to exert power over the capital. Separately, federal prosecutors failed to secure an indictment against a man who threw a sandwich at federal officers in protest of their presence in the city.
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• DAILY OIL PRICE: August 27, 2025
  Crude Oil: 64.15   (+0.90). Nymex MTD AVG: 64.1159....
  
  
  • Crude Oil: 64.15   (+0.90).
  
  
  • Nymex MTD AVG: 64.1159.
  
  
  • Natural Gas: 2.867   (+0.150).
  
  
  • Gasoline: 2.1489   (+0.0266).
  
  
  • Spreads: September/October (+0.56)     October/November (+0.46).
  
  
  • Plains WTI Posting: 60.63   (+0.90).
  
  

  
  
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• S&P 500 books fresh record close as stocks rise ahead of Nvidia earnings
  Stocks ended higher Wednesday, with the S&P 500 notching...

  Stocks ended higher Wednesday, with the S&P 500 notching a record close ahead of eagerly anticipated earnings from chip giant and artificial-intelligence bellwether Nvidia Corp., which makes up around 8% of the large-cap index.

  
  

  The S&P 500 rose 0.3% to finish near 6,481, eclipsing its previous record of 6,468.54, set on Aug. 14.

  
  

  The Dow Jones Industrial Average rose 147 points, or 0.4%, to finish near 45,565.11.

  
  

  The Nasdaq Composite ended 0.2% higher, near 21,590.13.

  
  

  Stocks continued to shrug off worries about the independence of the Federal Reserve, sparked by President Donald Trump's attempt to fire governor Lisa Cook, who is planning a legal challenge and has refused to step aside.

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