-North Dakota regulators are cracking down on natural gas flaring by oil producers. Via Bloomberg, the North Dakota Industrial Commission on Monday said it would place limits on the amount of oil producers can pump from the Bakken shale if they don’t reduce gas flaring. The commission is aiming to reduce the amount of natural gas flared by 26% by the fourth quarter of this year and an additional 23% in the first quarter of 2015.
-Kinder Morgan filed an application with the Federal Energy Regulatory Commission to install compression and other facilities on the Kinder Morgan Louisiana Pipeline. The project would allow gas to be transported to the Magnolia LNG project in Lake Charles, La.
-Jackson, Miss.-based Ergon Inc. on Tuesday announced plans to add 10,000 barrels per day of condensate stabilization capacity at its Marietta, Ohio, river terminal by the fourth quarter of this year. Ergon will also add the same amount of stabilization capacity in Newell, W.Va., in 2015. The U.S. Commerce Department’s recent decision to allow some exports of minimally refined condensate has sparked debate over what level of processing light oil must undergo before it can be sold abroad.
-The EPA today released a final rule designed to eliminate fraudulent Renewable Identification Numbers (RIN). Via Platts, the agency in December invalidated more than 33 million biodiesel RINs that were generated by a company based in Indiana. Refiners and importers use RINs — which can be bought and sold — to comply with the Renewable Fuel Standard.
-Via FuelFix, gasoline prices entering the Fourth of July weekend are at their highest levels since 2008. The average price of gasoline in 2014, however, is the lowest half-year average since 2011.
