WASHINGTON, Sept 16 (Reuters) – The White House embraced
over the weekend recent comments by Saudi Arabia’s energy
minister some market watchers had taken as a signal that
consumer nations need not release emergency petroleum reserves
to calm oil prices.
Saudi Arabia’s Oil Minister Ali al-Naimi said in a statement
on Sept. 10 that the world’s largest crude exporter was
concerned about high oil prices, would take steps to moderate
them, and would meet any additional demand from its customers.
SINGAPORE/WASHINGTON (Reuters) – The United States has renewed waivers on Iran sanctions for Japan and 10 European countries because they cut their purchases of the OPEC nation’s crude oil, Secretary of State Hillary Clinton said on Friday.
The renewal means banks in the 11 countries have been given a second 180 day reprieve from the threat of being cut off from the U.S. financial system under the sanctions designed to choke funding to Iran’s nuclear program.
WASHINGTON (Reuters) – Obama administration officials told energy experts this week they worry a release of crude from U.S. emergency reserves would do little to temper global oil prices partly driven by tighter supplies of refined fuel like gasoline.
At an informal consultation on Thursday, mid-level officials from the National Security Council, the Department of Energy and other bureaus made clear a top concern was tight oil product markets caused by constraints in refining capacity, two outside energy experts who attended the meeting said on Friday.
WASHINGTON (Reuters) – Obama administration officials met with a handful of oil market experts on Thursday as the White House considers the merits of another release of emergency oil reserves – potentially one much larger than the last.
The meeting, originally scheduled for August but delayed by summer vacations, did not center entirely on the Strategic Petroleum Reserve (SPR), according to non-government sources who attended the meeting.
WASHINGTON (Reuters) – Obama administration officials met with a handful of oil market experts on Thursday as the White House considers the merits of another release of emergency oil reserves — potentially one several times larger than the last.
The meeting, originally scheduled for August but delayed by summer vacations, did not center entirely on the Strategic Petroleum Reserve, according to nongovernment sources who attended the meeting. But it was still read by some as a sign that President Barack Obama is intent on pressing ahead with an unprecedented second tapping of government oil supplies.
WASHINGTON/CALGARY (Reuters) – The U.S. pipeline safety agency launched an investigation on Saturday into an oil spill in Wisconsin on Enbridge Inc’s network that briefly shut much of the company’s pipeline system feeding Canadian crude to the U.S. Midwest.
Enbridge’s 318,000 barrel per day Line 14 pipeline, which carries light sweet Canadian crude to Chicago-area refineries, was shut on Friday after an estimated 1,200 barrels of oil were leaked, and the Canadian company said on Saturday it did not have a restart time for the pipeline yet.
WASHINGTON, July 28 (Reuters) – The U.S. pipeline safety
agency launched an investigation on Saturday into an oil spill
in Wisconsin on Enbridge Inc’s network that forced the
partial shutdown of a main artery carrying light sweet Canadian
crude to Chicago-area refineries.
Enbridge’s 318,000 barrel per day Line 14 pipeline, part of
the Lakehead system, was shut after an estimated 1,200 barrels
of oil were leaked. This happened almost two years to the day
after another major spill in a different section of the line, in
WASHINGTON (Reuters) – At least one of four states hoping to ease requirements on adding grain-based ethanol to gasoline is expected to petition the federal government as soon as Monday, as the worst drought in 50 years threatens higher corn prices and lowers margins for livestock producers.
Governors from states that may petition the Environmental Protection Agency to waive the mandate known as the Renewable Fuel Standard, or RFS, include Republicans Nikki Haley of South Carolina, Dave Heineman of Nebraska, Rick Perry of Texas, and Democrat Mike Beebe of Arkansas, an ethanol industry source said.
WASHINGTON, July 25 (Reuters) – The U.S. Environmental
Protection Agency is discontinuing water deliveries to four
homes in a rural Pennsylvania town that attracted national
attention after residents complained that natural gas drilling
Further testing showed no reason for further action, the EPA
said on Wednesday.
The EPA had been delivering water since January to four
homes in Dimock, Pennsylvania where the agency did a second
round of water sampling after residents and local regulators
submitted data that suggested water at the homes could be
WASHINGTON (Reuters) – The U.S. environmental regulator said on Friday it will review recently finalized limits on mercury emissions on new coal-fired power plants in a process that could ease the rules for companies building five new projects.
The Environmental Protection Agency finalized the first-ever rules on mercury pollution from coal plants late last year.