The Trump administration is appealing a court ruling that blocked the Keystone XL oil pipeline. Justice Department attorneys on Friday appealed the November ruling from U.S. District Judge Brian Morris that blocked a construction permit for the 1,184-mile (1,900-kilometre) pipeline. The line sponsored by Calgary-based TransCanada would begin in Alberta and shuttle as much as 830,000 barrels a day of crude through a half dozen states to terminals on the Gulf Coast. It was rejected by [Read more]
Saudi Arabia showcases $53B in deals at conference
DUBAI, United Arab Emirates - Saudi Arabia has announced nearly 40 agreements worth $53 billion, billed as the latest effort by Crown Prince Mohammed bin Salman to attract investment, create jobs and diversify revenue away from oil. A further 29 deals worth $960 million in sectors such as mining, logistics and energy were announced Monday at the launch of the government's National Industrial Development and Logistics Program. The crown prince looked on from the front row as [Read more]
US government says shutdown shouldn’t stop Keystone hearing
HELENA, Mont. - The U.S. government shutdown may prevent Justice Department attorneys from going before a Montana judge next week to ask him to lift his hold on Keystone XL oil pipeline construction. But the federal attorneys and the Canadian company that wants to build the pipeline say their absence shouldn't delay Monday's hearing on the matter in U.S. District Court in Great Falls. Justice Department attorney Bridget McNeil said in a court filing Monday that government lawyers are [Read more]
Judge allows tribes to challenge Corps’ Dakota Access study
BISMARCK, N.D. - A federal judge is allowing four Native American tribes in the Dakotas to challenge the recent conclusion of federal officials that a Dakota Access oil pipeline spill wouldn't unfairly affect them, further prolonging a court case that has lingered for more than two years. The Standing Rock, Cheyenne River, Yankton and Oglala Sioux sued in July 2016 and are still fighting even though the $3.8 billion pipeline began moving North Dakota oil to Illinois in 2017. They fear [Read more]
Minnesota governor’s administration files Line 3 appeal
ST. PAUL, Minn. - Minnesota Gov. Mark Dayton's administration on Friday appealed a state regulatory panel's approval of Enbridge Energy's plan to replace its aging Line 3 oil pipeline across northern Minnesota. The Minnesota Department of Commerce said the Public Utilities Commission got its decisions wrong because Enbridge did not introduce, and the panel did not properly evaluate, the kind of long-range oil demand forecast required by state law. Dayton, who leaves office Jan. [Read more]
The Latest: Michigan panel OKs Great Lakes pipeline tunnel
TRAVERSE CITY, Mich. - The Latest on a Michigan panel's consideration of a proposal to allow construction of an oil pipeline tunnel beneath the waterway linking Lakes Huron and Michigan (all times local): 5:10 p.m. A plan to build an oil pipeline tunnel beneath a channel linking Lakes Huron and Michigan has won final approval. One week after it was established, a Michigan panel approved an agreement between outgoing Republican Gov. Rick Snyder's administration and the [Read more]
Oil pipeline opponents look past Minnesota regulators
MINNEAPOLIS - Opponents of Enbridge Energy's proposed Line 3 crude oil pipeline replacement may turn their attention to fighting the project on other fronts as a Minnesota regulatory panel prepares to take one of its final steps to allow it to proceed. The Public Utilities Commission on Thursday was scheduled to discuss petitions by environmental and tribal groups for the panel to reconsider its decision in June to approve a route permit for the line across northern Minnesota. Those [Read more]
Oil producers join forces and cut production again
VIENNA - Oil prices spiked sharply higher Friday as major oil producers, including the OPEC cartel, agreed to cut global oil production by 1.2 million barrels a day to reduce oversupply. Following two days of meetings, the Organization of the Petroleum Exporting Countries that includes the likes of Saudi Arabia and Iraq said they would cut 800,000 barrels per day for six months from January, though some countries such as Iran, which is facing wide-ranging sanctions from the United States, [Read more]
OPEC looks to cut oil production to support falling price
VIENNA - OPEC countries were gathered Thursday to find a way to support the falling price of oil, with analysts predicting the cartel and some key allies, like Russia, would agree to cut production by at least 1 million barrels per day. Crude prices have been falling since October because major producers — including the U.S. — are pumping oil at high rates and due to fears that weaker economic growth could dampen energy demand. The price of both benchmark U.S. crude and the standard for [Read more]
Oil prices perk up on trade truce, possible OPEC decision
A rally in oil prices after a two-month slide indicates traders are betting that OPEC and its allies including Russia will agree to produce less crude. Representatives of oil-producing nations will hold a highly anticipated meeting Thursday in Vienna, with analysts predicting that they will agree on a cut of at least 1 million barrels a day in an effort to bolster prices. Russian President Vladimir Putin boosted expectations for a deal when he said at the G20 summit over last [Read more]
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