Energy

State Authorities Warn That Natural Gas Supplies Are Expected To Be Tight This Coming Winter

Natural Gas

The Energy authorities and utilities in the state of California warn that enough natural gas may not be provided by the Southern California Gas Co. for all consumers this coming winter. The authorities say that three critical pipelines are out of service. The pipelines take gas into the troubled Aliso canyon site in Southern California. The three pipes collectively contribute to a total of 42% of all the natural gas supply in Los Angeles area.

Crude declines nearly 4 percent after no progress on reducing production before OPEC Meeting

Crude declines nearly 4 percent after no progress on reducing production before OPEC

Crude declined nearly four percent as Iran and Saudi Arabia haven’t made progress on talking about freezing production. As the supply remains strong, crude oil prices in the international market declined. As per last reports, LCOc1 was down by 3.7 percent to $45.89 per barrel. Organization of the Petroleum Exporting Countries will meet in few days and decide on next course of action on production.

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