Dominion Energy, BP: Your Daily Energy News

News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

PIPELINES
U.S. Supreme Court Rules in Favor of Atlantic Coast Natural Gas Pipeline in Appalachian Trail Dispute - The U.S. Supreme Court on Monday decided that the federal government has the authority to allow the proposed $7.5 billion Atlantic Coast natural gas pipeline to cross under the Appalachian Trail in rural Virginia. The 7-2 ruling was a victory for Dominion Energy (NYSE:D) and President Donald Trump's administration, both of which appealed a lower court ruling that halted construction of the 600-mile pipeline, which would run from West Virginia to North Carolina. (Projects 300167416, 300168253, 300243526, 300168124) (Reuters)

FINANCIAL
BP to Write Off Up to $17.5 Billion from Assets with Bleaker Oil Outlook - BP (NYSE:BP) will write off up to $17.5 billion from the value of its assets after cutting its long-term oil and gas price forecasts, betting the COVID-19 crisis will cast a lasting chill on energy demand and accelerate a shift away from fossil fuels. (Reuters)

CRUDE OIL
Oil Rises on OPEC+ Pact Optimism - Oil prices rose more than 2% on Monday as signs that fuel demand was recovering, while OPEC+ members were complying with a production cut deal. U.S. West Texas Intermediate (WT) crude rose 86 cents, or 2.4%, to settle at $37.12 a barrel. Brent crude gained 99 cents, or 2.6%, to settle at $39.72 a barrel. (Reuters)

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About Industrial Info
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