California Gov. Jerry Brown last Friday signed a bill (AB 1694) into law that is aimed at improving safety of the historically lightly regulated natural gas and propane distribution piping systems at mobile home parks in the state.
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CFTC Adopts ECM Rules, Mulls Energy Exemption
The Commodity Futures Trading Commission (CFTC) has adopted final rules that would heighten its oversight of certain lightly regulated contracts in exempt commercial markets (ECM) that perform significant price discovery for commodities in interstate commerce. The agency also issued an advance notice of proposed rulemaking (ANOPR) that seeks comments on whether a proposed limited risk management exemption should be extended to physical commodities other than agricultural, such as energy and metals.
CFTC Adopts Final Rules Boosting Oversight of ECM Exchanges
The Commodity Futures Trading Commission (CFTC) has adopted final rules that would heighten its oversight of certain lightly regulated contracts in exempt commercial markets (ECM) that perform significant price discovery for commodities in interstate commerce.
Shut-in GOM Production Nearly Restored
Tropical Storm Arlene did little more than lightly pinch oil and natural gas output in the Gulf of Mexico (GOM) over the weekend, and most of the shut-in production has been restored, with minimal damage to platforms and rigs, according to offshore operators.
Traders Tread Lightly Ahead of Weekend; Futures Dip 2.3 Cents
Despite undeniably bearish medium-range weather forecasts, natural gas futures eased only slightly Friday as traders were hesitant to short the market for fear they would receive a bullish surprise Monday morning.