Natural Gas News – August 10, 2017

Natural Gas News – August 10, 2017

Trump’s ‘Fire And Fury’ Remarks Disquiet Markets; Bump Oil, Gas

E&P reports: President Donald J. Trump’s threats to meet North Korea’s hostile acts or comments with “fire, fury and, frankly, power” shook global markets but crude opened higher — only to sell off on what were perceived to be bullish stats. Crude oil and natural gas were slightly higher prior to the official market open. Crude was bolstered overnight by bullish API stocks and the ratcheting up of geopolitical risk with choice rhetoric between Trump and the North Korean leader Kim Jong Un, KeyBank said. For more on this story visit epmag.com or click the following link http://bit.ly/2uruymf

Sunoco Reaches Settlement on Natural Gas Pipeline

US News and World Report reports: State officials, environmental groups and the owners of a natural gas pipeline in Pennsylvania reached an agreement to allow drilling to continue while providing protections to the public. In the settlement released Tuesday, Sunoco agreed to re-evaluate 47 high-risk sites associated with the Mariner East 2 pipeline. The drilling plans for those sites will then be submitted to the Pennsylvania Department of Environmental Protection for approval. The agreement comes a day before a scheduled hearing before the state’s Environmental Hearing Board on a petition to halt all Sunoco Pipeline drilling. Judge Bernard Labuskes Jr. kept a temporary ban on 39 drilling operations until the board reviews the settlement. The planned $2.5 billion pipeline will carry propane, butane and ethane from the Marcellus Shale natural gas formation to an export terminal near Philadelphia. Sunoco declined to comment on the settlement. For more on this story visit usnews.com or click http://bit.ly/2uJmIjm

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The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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