MARKET WATCH: Middle East political tensions support oil prices

Crude oil prices rose modestly on the New York market Oct. 16 with the December contract settling above $52/bbl on what analysts called continuing political tensions in the Middle East. Crude prices continued to rise Oct. 17. Source: News


COGA, API council jointly sue City of Thornton over new regulations

The Colorado Oil & Gas Association (COGA) and the American Petroleum Institute’s Colorado Petroleum Council (CPC) jointly sued the City of Thornton on Oct. 10 over new regulations that the trade associations said could hurt jobs, raise energy costs to Colorado consumers, and hurt the state’s economy. Source: News


Pruitt issues directive aimed at curbing ‘sue-and-settle’ litigation

Declaring that “the days of regulation through litigation are over,” US Environmental Protection Agency Administrator E. Scott Pruitt issued a directive on Oct. 16 aimed at increasing public participation and transparency in consent decrees and settlement agreements. Source: News