US gas pipeline projects stumble over regulatory hurdles
Ambitious plans for US natural gas pipeline expansion are hitting a wall...
Ambitious plans for US natural gas pipeline expansion are hitting a wall of regulatory red tape, slowing the industry's race to meet surging demand. Despite some recent legal victories, industry leaders warn that if these bureaucratic hurdles aren't cleared, the path to future growth will remain tangled and uncertain.
Oil prices climb on hurricane impact ahead of U.S. rate decision
Oil prices rose on Monday as the ongoing impact of Hurricane Francine on output in the...
Oil prices rose on Monday as the ongoing impact of Hurricane Francine on output in the U.S. Gulf of Mexico offset persistent Chinese demand concerns ahead of this week's U.S. Federal Reserve interest rate cut decision.
Brent crude futures for November settled at $72.75 a barrel, up $1.14, or 1.59%. U.S. crude futures for October settled at $70.09, up $1.44, or 2.1%.
"We've still got the remnants of the storm," said Matt Smith, lead oil analyst at Kpler. "The impact is more on the production side than on refining. Therefore, it leans a little bit bullish."
More than 12% of crude production and 16% of natural gas output in the U.S. Gulf of Mexico remained offline in the aftermath of Hurricane Francine, the U.S. Bureau of Safety and Environmental Enforcement (BSEE) said on Monday.
Apollo to Buy $1B Stake in BP’s Trans Adriatic Pipeline
BP agreed to sell its 20% stake in the Trans...
BP agreed to sell its 20% stake in the Trans Adriatic Pipeline AG (TAP) to Apollo-managed funds in a $1 billion transaction.
Apollo will purchase the non-controlling interest from BP subsidiary BP Pipelines TAP Ltd. Upon completion of the deal, BP will remain the controlling shareholder of BP Pipelines TAP.
TAP is a Swiss joint venture owned by BP (20%), SOCAR (20%), Snam (20%), Fluxys (20%) and Enagás (20%).
Dow closes at record high as expectations grow for jumbo Fed interest-rate cut
U.S. stocks ended mixed on Monday, as traders’ expectations...
U.S. stocks ended mixed on Monday, as traders’ expectations for the Federal Reserve to deliver a 50-basis-point rate cut on Wednesday continued to grow.
The Dow Jones Industrial Average ended roughly 0.6% higher to a new record close, according to preliminary closing data from FactSet.
California snow advisory for Sierra Nevada is earliest in 20 years
California issued its earliest snow advisory in the past 20 years with...
California issued its earliest snow advisory in the past 20 years with an alert early this week for residents in the Sierra Nevada, according to the National Weather Service.
From Sunday to Monday, areas of the Sierra Nevada above 8,000 feet can expect some snow as a trough, a region of low atmospheric pressure, brings between a 35% to 65% probability of 2 inches of snow or more.
