Strong product demand in China have helped to offset price declines last week, but on a macro level, demand worries continue to persist
Berkeley’s 2019 ban on feeding natural gas into new construction, arguing the 1975 federal Energy Policy and Conservation Act preempts municipalities from banning energy sources, paving the way for more legal challenges.According to a study funded by US refiners, the government’s suggestion that some states retain year-round sales of 15% ethanol-containing gasoline would cost consumers up to $1 billion, translating into an extra 8-12 cents per US gallon.
Norway’s sovereign wealth fund, one of the largest investors globally controlling $1.4 trillion, said it would vote a resolution calling for oil major BP to adopt more stringent GHG targets, angering climate activists. Iron ore prices fell to $110 per metric tonne for delivery to northeast China after the country’s economic planning body, the National Development and Reform Commission, said it would investigate “Ukraine’s national oil and gas company Naftogaz has
talks with US firms ExxonMobil and Chevron as it seeks foreign investment to kickstart its oil production, however the ongoing war with Russia keeps the majors’ interest cool. Unite, the largest trade union in the United Kingdom, the largest industrial action across the country’s offshore platforms in may years, with 1,300 upstream employees joining a 48-hour strike for better wage conditions.that the 14,000-barrel oil spill that limited pipeline throughput into the United States because of a leak in rural Kansas was caused by progressive fatigue crack, raising hopes that things would get back to normal soon.
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