Rule

A federal judge in New Orleans said he would rule either Tuesday or Wednesday in a lawsuit by a group of oil service companies to reverse the six-month moratorium imposed by the federal government on deepwater drilling in the Gulf of Mexico (GOM).

While as much as 5,000 b/d of oil leaks into the Gulf of Mexico (GOM), the Obama administration on Thursday did not rule out suspending new deepwater drilling activity while the offshore oil industry garners heightened scrutiny by lawmakers.

The Commodity Futures Trading Commission (CFTC) said it will hold a public meeting Thursday (Jan. 14) to consider issuing a proposed rule on energy position limits and hedge exemptions on regulated futures exchanges, derivatives transaction execution facilities and electronic trading facilities.

The Commodity Futures Trading Commission (CFTC) is seeking comments on proposed rules and rule amendments that would heighten oversight authority of certain lightly regulated contracts in exempt commercial markets (ECM) that perform significant price discovery for commodities in interstate commerce.

The Commodity Futures Trading Commission (CFTC) is seeking comments on proposed rules and rule amendments that would heighten oversight authority of certain lightly regulated contracts in exempt commercial markets (ECM) that perform significant price discovery for commodities in interstate commerce.

Responding to a late Friday filing from the FERC Enforcement Staff, Energy Transfer Partners LP (ETP) asked FERC Monday not to rule on its case until the company has an adequate chance to respond.

NGI, in its March 9 issue, reported that a Federal Energy Regulatory Commission (FERC) rule gives regulated companies 20 days to furnish the agency with a copy of any damage incident report that is required to be filed with the Department of Transportation. FERC allows 30 days for the report to be submitted (see NGI, March 12).

Daily GPI, in its March 9 issue, reported that a Federal Energy Regulatory Commission (FERC) rule gives regulated companies 20 days to furnish the agency with a copy of any damage incident report that is required to be filed with the Department of Transportation. FERC allows 30 days for the report to be submitted.

There were exceptions to the rule in both regions Monday, but for the most part prices increased in the West and softened in the East. The western market was seeing a resurgence of cooling load in the desert Southwest (Phoenix is expected to be just under 100 degrees Tuesday), while its eastern counterpart continued to labor under the same negative influences that had caused major declines in the previous week.