07:37:56 EDT Fri 02 Jun 2023
Enter Symbol
or Name

Login ID:

Energy Summary for Oct. 18, 2022

2022-10-18 21:01 ET - Market Summary

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

West Texas Intermediate crude for November delivery lost $2.64 to $82.82 on the New York Merc, while Brent for December lost $1.59 to $90.03 (all figures in this para U.S.). Western Canadian Select traded at a discount of $26.50 to WTI, up from a discount of $28.75. Natural gas for November lost 25 cents to $5.75. The TSX energy index lost a fraction of a point to close at 236.27.

Canadian pipeline giant Enbridge Inc. (ENB: $51.30) must fork over $11-million (U.S.) in penalties related to the Minnesota section of its Line 3 oil pipeline. The Minnesota Pollution Control Agency (MPCA) and Department Natural Resources (DNR) announced yesterday that investigators have determined that Enbridge "violated a series of [water] regulations and requirements" during pipeline construction. The agencies, along with the Fond du Lac Band of Lake Superior Chippewa (which experienced an aquifer breach near its reservation), have reached a settlement with Enbridge for $11-million (U.S.), comprising fines, financial assurances and payments for environmental projects.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2023 Canjex Publishing Ltd. All rights reserved.

Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.