Louisiana News
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Updated 2 hours, 33 minutes ago
Hail, flooding rain and tornadoes may crash through the Ohio Valley into the South today, while a threat of severe storms extends from Louisiana to upstate New York, according to the National Weather Service.
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Updated 3 hours, 25 minutes ago
The trial that will determine the extent of any liability U.K.-based energy company BP Plc and its partners face for the April 2010 Gulf of Mexico oil spill is scheduled to begin next week in New Orleans federal court.
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BP Plc, Transocean Ltd. and Halliburton Co., with billions of dollars on the line, are set to find out from a federal judge who among them is to blame for the April 20, 2010, explosion and sinking of the Deepwater Horizon oil rig in the Gulf of Mexico.
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A commission appointed by the Group of 20 nations called for stricter regulation of price-reporting agencies to prevent the manipulation of oil markets.
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The U.S. Natural Gas Fund, the largest exchange-traded fund in the fuel, closed at a Trades at Par on March 1, according to figures on the fund’s website. A trade at par means that the closing price of the shares is the same as than the value of its underlying holdings in the fuel.
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Seventy-six ships were waiting to pass through the Houston Ship Channel, which serves the largest U.S. petroleum port, after heavy fog halted traffic overnight, the U.S. Coast Guard said.
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Kinder Morgan Inc. may proceed to a shareholder vote on a $21.1 billion takeover of El Paso Corp. after a judge rejected claims that Goldman Sachs Group Inc.’s conflict of interest warranted blocking the deal.
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The discount for Syncrude narrowed after Suncor Energy Inc. said it will shut units at its oil- sands upgraders in the next two quarters for maintenance.
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Federal Reserve Bank of Atlanta President Dennis Lockhart said he is concerned that a new round of asset purchases by the Fed would fuel inflation while failing to spur lending.
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Former National Basketball Association forward Orlando Woolridge was arrested on charges of stealing aluminum tubing from a drill site in Louisiana.
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