Column: Hedge funds build record bullish position in oil ahead of 2018
Hedge funds raise bullish position following OPEC meeting By John Kemp LONDON, Dec 4 – Hedge fund managers raised their bullish position in crude oil and refined products by another 63 million barrels to a record 1,155 million barrels in the week before the OPEC meeting. Portfolio managers were emboldened as it became clear OPEC […]
Column: Are Mexican renewables really this cheap?
Winning bids in the latest Mexican renewables auctions were below two cents per kWh. By Lucas Davis and Veronica Irastorza The latest good news on renewable electricity generation comes from Mexico, where results were just announced for the country’s third renewables auction for large-scale projects. After average winning bids in April and September of last year […]
Oil prices pare early session gains after Flynn plea
Oil prices originally buoyed by OPEC deal announcement Oil prices pared early gains on Friday as concerns about President Donald Trump’s exposure to Robert Mueller’s probe into Russian meddling in the US election campaign last year impacted the market. Wall Street’s main indexes all fell by over 1 per cent following an ABC report that […]
Coal fired power plants carbon pollution reduction plan targeted by GOP bill
No national limits on carbon pollution from power plants WASHINGTON – Defying a White House veto threat, the Republican-controlled House approved a plan Wednesday to block a key element of President Barack Obama’s strategy for fighting climate change. Lawmakers voted 247-180 to support a bill allowing states to opt out of the Obama administration’s plan to limit […]
North Dakota reservation looks to regulate, monitor oil activity
North Dakota Reservation accounts for one-third of state’s oil production Tribal leaders from an oil-prolific portion of North Dakota’s Fort Berthold Reservation say they can’t count on federal or state regulators, or their own tribal government, to monitor the boom, so they are moving to do it themselves. Industry officials question whether the tribe has […]
Staff at Refugio oil spill site unreachable, company unable to alert feds
Staff at Refugio oil spill trying to build berm to slow oil’s spread As thousands of gallons of crude oil from a ruptured pipeline spread along the California coast, its operator was unable to contact workers near the break to get information required to alert federal emergency officials, records released Wednesday said. Personnel for Plains All […]
Exxon Mobil halts drilling off Santa Barbara after spill crippled pipeline
Drilling at three offshore Exxon Mobil platforms stopped The shutdown of a pipeline that spilled up to 101,000 gallons of crude on the Santa Barbara coast forced Exxon Mobil Corp. to halt operations at three offshore platforms because it couldn’t deliver oil to refineries, the company said Tuesday. The company temporarily ceased operations last week because […]
Doctors, public health experts: Get off coal ASAP
Substituting cleaner energy for coal will reduce air pollution significantly Some top international doctors and public health experts have issued an urgent prescription for a feverish planet Earth: Get off coal as soon as possible. Substituting cleaner energy worldwide for coal will reduce air pollution and give Earth a better chance at avoiding dangerous climate […]
Canadian oil train derailment highlights risks with old tank cars
Canadian oil train derailment caused by defect inside hopper car wheel DIEPPE, N.B. – A train derailment last year that caused a spectacular fire in northern New Brunswick, forcing 150 people to flee their homes, serves as a reminder of the risks associated with keeping older, less safe tank cars on the rails, the Transportation Safety Board said […]
Enbridge to transfer pipeline business to affiliated fund in $30.4 B deal
Transaction expected to close in August Enbridge Inc. (TSX:ENB) has agreed to transfer ownership of its Canadian liquids pipeline business to the affiliated Enbridge Income Fund in a transaction valued at $30.4 billion. Enbridge Income Fund Holdings Inc. (TSX:ENF) will assume about $11.7 billion of debt as part of the transaction, the pipeline company has said will […]
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