Nat Gas News – April 20, 2017

Nat Gas News – April 20, 2017

In the News

FERC’s environmental justice, climate review scrutinized

Energy Wire reports: Energy regulators’ review process for natural gas pipelines went under the microscope in federal court yesterday. More than 80 minutes of oral arguments at the U.S. Court of Appeals for the District of Columbia Circuit featured debate over the Federal Energy Regulatory Commission’s analysis of environmental justice and climate issues for the Southeast Market Pipelines Project, a network of three projects that would transport natural gas in the Southeast. A separate element of yesterday’s NEPA arguments focused on whether FERC was required to do a more in -depth analysis of climate impacts from Florida power plants that use natural gas from the Southeast pipeline project. Judge Janice Rogers Brown, a George W. Bush appointee, appeared receptive to the agency’s and industry’s position. For more visit eenews.net or click http://bit.ly/2ot45wO

Oil suffers suffer largest one-day loss in six weeks

MarketWatch reports: Oil prices suffered their largest one-day loss in six weeks as a steep drop ahead Wednesday’s settlement pushed prices to their lowest finish in 2½ weeks. An unexpected weekly climb in U.S. gasoline supplies—the first in about two months—had fueled earlier losses, which worsened amid volatile trading tied to Thursday’s expiration of the May West Texas Intermediate crude contract. Gasoline stockpiles, however, edged up by 1.5 million barrels, defying expectations for a decline of 2 million, according to a survey conducted by S&P Global Platts. Distillate stockpiles fell a bit more than expected—down 2 million barrels last week. “A draw in crude oil inventory was ultimately washed by a surprise build in gasoline,” said John Macaluso, an analyst at Tyche Capital Advisors. “Ahead of summer driving season, it is surprising to see a lag in demand. “ For more on this story visit marketwatch.com or click the following link http://on.mktw.net/2oWENuT