California Utility Faces Billions in Claims for Fire Damage Even if it Did Nothing Wrong
By Victims sue Southern California Edison under unique legal doctrine Inverse condemnation allows claims without proving utility’s negligence Wildfires expected to be costliest ever in US Jan 15 (Reuters) –…
Colonial Pipeline’s Main US Gasoline Artery Likely Shut Until Friday
By Colonial crews still searching for source of suspected gasoline leak in Georgia Line 1 outage duration on par with Colonial shutdown in 2021 due to cyberattack Market impact limited…
Venture Global to Pitch $110 Bln Valuation to IPO Investors Next Week, Source Says
It could be the first major share offering to occur during the second administration of President-elect Donald Trump, who promised on the campaign trail to overturn President Joe Biden’s year-long…
Dozens of Oil Tankers Drop Anchor After Latest US Sanctions Bite
By Around 10% of the global tanker fleet hit by US sanctions Tanker rates rising as non-sanctioned ships in demand China’s Shadong port bans tankers hit by US sanctions –…
Southern California Edison Sued Over Role of Equipment in LA Wildfires
Jan 13 (Reuters) – Southern California Edison, a unit of utility firm Edison International (EIX.N), on Monday was sued on claims that its electrical equipment started one of the major…
Reactions to New US Sanctions Against Russian Energy Interests
Jan 13 (Reuters) – The U.S. Treasury announced on Friday sweeping new sanctions against the Russian energy sector, including oil majors Gazprom Neft (SIBN.MM) and Surgutneftegaz (SNGS.MM), to try to…
Russia Sanctions Arm Trump for Talks With Putin
The shadow fleet tanker Turbo Voyager off the coast of Agerso, Denmark. Julian Lee, Bloomberg News Outgoing US President Joe Biden has seized the opportunity of lower oil prices and…
U.S. Oil Refiners Brace for a Tough Year as Investor Sentiment Turns Negative
The LyondellBasell refinery, located near the Houston Ship Channel, is seen in Houston, Texas, U.S., May 5, 2019. REUTERS/Loren Elliott/File Photo Summary Refiner profits fall as new capacity and normal…
Tougher U.S. Sanctions to Curb Russian Oil Supply to China and India
The U.S. Treasury on Friday imposed sanctions on Russian oil producers Gazprom Neft and Surgutneftegas, as well as 183 vessels that have shipped Russian oil, targeting the revenues Moscow has…
US NatGas Flows to Freeport LNG Export Plant in Texas Reduced – LSEG Data
(Reuters) – The amount of natural gas flowing to U.S. liquefied natural gas (LNG) company Freeport LNG’s export plant in Texas was on track to fall to a one-month low…
