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06.04.26 - 16:24
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US Natural Gas Futures Reverse Losses on Cold Weather, Oil Gains (Bloomberg)
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US natural gas futures rose as a short bout of cold weather increased demand for the heating and power-plant fuel, after closing down for the previous four sessions. Rising oil prices, which have influenced the front-month US gas contract since the war in Iran broke out, may also be pushing prices higher....
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06.04.26 - 14:30
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Hormuz Sees 15 Ships Transit In 24 Hours As Two Tankers With Qatari LNG Make Sudden U-Turn (ZeroHedge)
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Hormuz Sees 15 Ships Transit In 24 Hours As Two Tankers With Qatari LNG Make Sudden U-Turn
President Trump on Sunday warned Tehran to "Open the Strait" and make a deal by the end of Tuesday, or the U.S. military would "blow everything up" and "take over the oil." Meanwhile, Iran rejected Trump's ultimatum to reopen the Hormuz chokepoint, saying it would only reopen the critical waterway once damage from the war is compensated.
There was some good news overnight after Iran's semi-official Fars News Agency reported that 15 vessels had passed through the Hormuz chokepoint over the last 24 hours. Still, that remains only a tiny fraction of pre-conflict tanker traffic.
Separately, the Islamic Revolutionary Guard Corps Navy warned that the waterway will "never return to its previous condition," particularly for the U.S. and Israeli-linked vessels, and added that it is completing preparations to enforce a new security order across the Persian Gulf.
The quest...
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03.04.26 - 02:57
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DOJ Sues New Jersey Town Over Natural Gas Ban (ZeroHedge)
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DOJ Sues New Jersey Town Over Natural Gas Ban
Authored by Naveen Athrappully via The Epoch Times (emphasis ours),
The Department of Justice (DOJ) filed a lawsuit against Morris Township in New Jersey over its ban on natural gas and other fossil fuels in newly constructed buildings, the department said in an April 1 statement.
Blue flames from a gas stove at a home in Arlington, Va., on May 3, 2023. Olivier Douliery/AFP via Getty Images
The ban “drives up energy costs for everyday American consumers and weakens our Nation's energy dominance,” the DOJ said.
“Such policies reflect a radical left effort to outlaw federally regulated gas stoves, furnaces, water heaters, dryers, and other appliances that American families rely on daily to cook their meals and heat their homes.”
The lawsuit, filed on March 31 at the U.S. District Court for the District of New Jersey, takes issue with an ordinance the township passed in 2022.
The ordinance said that beginning Sept. 1, 2022, officials shall no...
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