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General Interest 2000 P18

  • 05/26/2000 -- API urges limit on RFG waivers
    The American Petroleum Institute Thursday urged the US Environmental Protection Agency to consider carefully before it issues more cities waivers from requirements to use Phase II reformulated gasoline this summer. Last week, EPA gave St. Louis gasoline suppliers their third waiver in 2 months, allowing them to sell conventional gasoline through June 5 because RFG II was in short supply. Milwaukee and Chicago have also sought waivers.
  • 05/26/2000 -- Is $30/bbl oil price sustainable?
    Oil prices have again breached the key threshold of $30/bbl, and the question now becomes: Are such high prices sustainable? The answer: If IEA demand outlook is right and Iraq doesn't jump output, then yes.
  • 05/26/2000 -- ELECTION-YEAR GOODIES PILING UP FOR FARMERS
    Election years are good for farmers in the US.
  • 05/26/2000 -- IEA: Portugal to rely on Algeria for gas
    The International Energy Agency says Algeria will remain the major source of gas supply to the Portuguese market, despite diversification projects now under study. It also made some recommendations to the Portuguese government.
  • 05/26/2000 -- Market watch: May 26
    Energy futures prices rose during Thursday's trading on the New York Mercantile Exchange (NYMEX), riding concerns about tight supplies of reformulated gasoline. Analysts say RFG shortage concerns have been aggravated by the outage of a number of refineries while the peak driving season of summer vacation lies ahead.
  • 05/26/2000 -- US Energy Sec. Bill Richardson reissues summer blackout warning
    Speaking in Houston, US Energy Sec. Bill Richardson reiterated his belief that the nation's electric system is in a precarious position with a growing likelihood for system failure in some parts of the country.Blackouts and brownouts this summer could boost chances for passage of federal legislation restructuring the U.S. electric industry, a Department of Energy source said in Houston Friday at a forum on the state of the industry.
  • 05/30/2000 -- Pakistan to privatize fertilizer company
    Pakistan's Privatization Commission has invited prospective investors to prequalify to participate in the privatization of Pak Saudi Fertilizers Ltd. The long-profitable firm owns a large ammonia-urea plant at Mirpur Mathelo, Sukkur district, in Sindh province.
  • 05/30/2000 -- Market watch, May 30
    Energy futures prices slipped in trading on the New York Mercantile Exchange (NYMEX) Friday after a mostly lackluster day of trading that ended with hectic selling activity by profit-takers. Traders were reluctant to hold positions over the long Memorial Day weekend in the absence of any new fundamentals-based development. The trading session was also short, because the exchange closed Friday at 1 p.m. ahead of the holiday weekend, which traditionally marks the start of the summer season.
  • 05/31/2000 -- Processing news briefs, May 31
    Peco Energy Co. selects Air Products & Chemicals Inc. for industrial gas supply; Borealis AS starts up Austrian polyolefin plastic plant.
  • 05/31/2000 -- Finance/Companies news briefs, May 31
    NAL Oil & Gas Trust ... Draig Energy ... NYMEX ... SmartEnergy.com .... Essential.com
  • 05/31/2000 -- Ranger confident it will find 'white knight'
    Ranger Oil Ltd., Calgary, says it expects to announce this month successful bids for all or part of its assets. The company is fighting an unsolicited takeover bid by a smaller company, Petrobank Energy & Resources Ltd. (OGJ Online, May 16, 2000).
  • 05/31/2000 -- MARKET WATCH, May 31: Unleaded gasoline futures hit near-record high on NYMEX
    Gasoline futures soared to a near-record high of $1.0652/gal on the New York Mercantile Exchange Tuesday, up 6.28�/gal amid fears of possible shortages at the start of the peak US driving season. The July contract for light, sweet NYMEX crude climbed 35� to $30.35/bbl Tuesday, while the August contract was up 34� to $29.41/bbl.
  • 05/31/2000 -- Senators say US should use SPR threat to move OPEC
    Two US senators are urging the Clinton administration to pledge to draw down the Strategic Petroleum Reserve unless the Organization of Petroleum Exporting Countries increases production quotas at its June 21 meeting. Sens. Charles Schumer (D-NY) and Susan Collins (R-Me.) wrote US Energy Sec. Bill Richardson Tuesday, urging him to tell OPEC that the US would consider oil swaps from the 569 million bbl SPR.
  • 05/31/2000 -- South Korea plans staged power sector privatization
    A committee of South Korea's Ministry of Commerce, Industry, and Energy has unveiled a preliminary framework for a competitive power industry, but at a much slower pace than originally planned. Unlike previous proposals, which aimed to sell off the assets of state-run Korea Electric Power Corp. through competitive bidding by 2002, the ministry now seeks to divide the firm into five subsidiaries and list one of the units on the Korea Stock Exchange as a litmus test for further privatization.
  • 05/31/2000 -- US high court expands smog-soot case
    The US Supreme Court has broadened its review of the Environmental Protection Agency�s 1997 smog-soot rule to consider whether the agency should have considered the economic costs of the regulation. The rule affected refineries, as well as other oil industry operations.
  • 05/31/2000 -- TotalFinaElf to buy TransCanada South American assets
    TotalFinaElf SA has signed an agreement to acquire TransCanada PipeLines Ltd.'s interests in a number of gas transmission networks in Argentina, Chile, and Brazil for $440 million (US). The networks form an interconnected system supplying the markets of the three countries from Argentina's gas producing Neuquen and Northwest basins.
  • 06/01/2000 -- EPA to enforce vehicle emissions rules in Northeast US
    The US Environmental Protection Agency has entered into a consent decree with the Midwest Ozone Group and the West Virginia Chamber of Commerce to settle a suit against the EPA for not enforcing Clean Air Act requirements in six northeastern states. The complaint asked the court to order EPA to issue federal implementation plans for vehicle inspection and maintenance programs and attainment demonstrations in Connecticut, Maine, Massachusetts, New Hampshire, New York, and Rhode Island.
  • 06/01/2000 -- Electric Power news briefs, June 1
    Enron Energy Services...Quebecor World Inc....Duke Energy Corp....The Boeing Co....New York Mercantile Exchange
  • 06/01/2000 -- MARKET WATCH: June 1
    Energy futures prices fell in trading Wednesday but have recovered this morning as a result of a report indicating stocks of crude and gasoline fell last week.
  • 06/01/2000 -- NiSource holders approve Columbia acquisition; schools protest
    Fearing a loss of tax revenue, more than115 school districts in northern Ohio Thursday asked the Public Utilities Commission of Ohio to rehear an order in which it issued a letter to the US Securities and Exchange Commission approving the proposed acquisition by Nisource Inc., Columbus, Ohio, of Columbia Energy Group, Herndon, Va. NiSource shareholders approved the transaction Thursday.

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