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Officials from several New Jersey shore towns joined with some members of the state’s congressional delegation Sunday to oppose federal plans that would allow oil and gas drilling in the Atlantic Ocean.
The government will study whether the practice is safe for the environment.
The price of oil rose 6 percent Thursday as the Russian government continued talks with Saudi Arabia and OPEC about cutting production.
The South Coast Air Quality Management District sued the utility for creating a public nuisance. The lawsuit, filed in Los Angeles County Superior Court, further contends that “as a result of their negligence, people were injured,” said Kurt Wiese, the agency’s general counsel.
Some business deals are ready to be inked but others are still in negotiation as a few sanctions not related to the nuclear program remain in place, particularly by the U.S., on the trade of goods that could be used for military or intelligence purposes.
Higher oil prices and some positive earnings news from U.S. companies are helping to send the stock market higher.
The justices ruled 6-2 on Monday that the Federal Energy Regulatory Commission had the authority to issue directives aimed at conserving energy and preventing blackouts.
Chevron fell 2 percent shortly after the opening bell Monday and Exxon Mobil lost more than 1 percent.
Khalid al-Falih said the potential listing of the world’s largest oil producer “is not for cash” but a “sign of the times.”
Kinder Morgan’s Trans Mountain project would nearly triple pipeline capacity from 300,000 to 890,000 barrels of crude oil a day. It would carry oil from Alberta’s oil sands to the Vancouver area to be loaded on to barges and tankers for Asian and U.S. markets.