Demand for CME WTI crude grade futures hit fresh high
Demand for CME's WTI crude grade futures has hit a fresh high, recording...
Demand for CME's WTI crude grade futures has hit a fresh high, recording an average daily volume of 17,800 in April, a 54% increase from the same month last year. The group also reported a record daily open interest of 621,000 lots in the WTI crude grade contracts, up 45% from April 2023.
NextDecade's Rio Grande LNG export project in Texas is advancing as planned, with construction of Train...
NextDecade's Rio Grande LNG export project in Texas is advancing as planned, with construction of Train 1 underway and essential materials delivered to the site. The company is working to secure buyers for Train 4 capacity as it gears up for a final investment decision on the unit in the second half of the year.
Continental Resources takes on the EPA over methane rules
A challenge by Oklahoma City’s Continental Resources to the new Environmental...
A challenge by Oklahoma City’s Continental Resources to the new Environmental Protection Agency rule on methane standards for the oil and gas industry contends the EPA illegally expanded its authority beyond what is authorized.
Oklahoma and Texas joined Continental and 22 other states in taking on the giant agency used by the Biden administration to wage his war on fossil fuels. The oil company contends it’s an illegal move by the EPA and beyond what is authorized by the Clean Air Act.
According to Denver environmental attorney Paul Seby, who represents Continental Resources, the only industry representative to join the case, the first order of business is to obtain a ruling on a motion to stay enforcement of the rule pending resolution of the case.
EPA is setting up a “one-size-fits-all” standard that illegally supplants the standards set by the individual states, Seby said.
Airlines sue to block new fee disclosure rules. Though...
Airlines sue to block new fee disclosure rules. Though usually competitors, Alaska, American, Delta, Hawaiian, JetBlue, and United have teamed up, along with an industry lobbying group, to sue the Biden administration over rules that would require airlines to display all fees, including baggage, change, and cancellation fees, when you’re buying a ticket. The suit alleges that the rules exceed the Department of Transportation’s authority. The department said it plans to vigorously defend the rules.
Squarespace is being taken private in a $6.9 billion deal with private equity firm Permira about three years after going public.
Workers at an Alabama Mercedes-Benz plant are voting this week on whether to join the United Auto Workers, the next major test for the union in the South.
Elon Musk scored a victory against the Australian government when a court refused to extend an injunction forcing X to take down videos of a stabbing in a church.
Sen. Bob Menendez, a Democrat from New Jersey, is on trial for allegedly taking bribes, including gold bars, to use his influence on behalf of the governments of Egypt and Qatar as well as local businesses.
Blame Canada: Wildfires there caused air quality alerts in Minnesota, Montana, North Dakota, and South Dakota as wind carried smoke south.
Steve Buscemi’s publicist reassured fans that the actor was OK after being punched in the face on the street in New York City, the latest in a recent spate of seemingly random assaults.
Benchmark U.S. crude oil for June delivery rose 86 cents to $79.12 per...
Benchmark U.S. crude oil for June delivery rose 86 cents to $79.12 per barrel Monday. Brent crude for July delivery rose 57 cents to $83.36 per barrel.
Wholesale gasoline for June delivery rose 1 cent to $2.51 a gallon. June heating oil rose 1 cent to $2.44 a gallon. June natural gas rose 13 cents to $2.38 per 1,000 cubic feet.
