Tuesday, April 14, 2026

Iraq Faces Resistance from Asian Buyers on ‘Ambitious’ Oil Price Change

From Reuters Iraq’s proposal to change the way it prices crude oil in Asia faces resistance from refiners who fear that longer lead times between pricing and deliveries will expose them to more risk. Iraq’s state oil marketer SOMO surprised traders this week by seeking feedback on plans to switch its Basra crude benchmark in Asia to pricing based off

Federal Appeals Court Sides with Sierra Club in Florida Pipeline Case

Sabal Trail: court requires FERC to account for GHG impact from pipeline’s downstream gas users On August 22, 2017, the United States Court of Appeals serving the District of Columbia circuit granted the petition for review in the case of Sierra Club v. the Federal Energy Regulatory Commission (FERC) and Duke Energy. “The petition for review in No. 16-1329 is

Oil Rises, Gasoline Gains Ease Ahead of Hurricane Harvey

From Bloomberg Oil rose and gasoline eased gains amid anticipation of Hurricane Harvey. Crude futures in New York settled 0.9 percent up, paring a weekly loss to 1.3 percent. Gasoline futures eased gains, after surging as much as 4.6 percent during Friday’s session. Several oil and natural gas platforms have shut as the storm bears down on an area of