Natural gas cash prices moved higher for the short week from June 1-4 despite mostly moderate weather keeping a lid on demand in much of the country. Heat
Victorian Labor Govt Wants Judge to Dismiss Lockdown Class Action Claims
The Victorian Labor government has asked a judge to dismiss legal claims of economic loss and mental injury by individuals and businesses who were impacted during the state’s second wave, describing the claims as “futile.”
The class actions, which workers and businesses have brought, claim that the state’s handling of hotel quarantine, which allowed the CCP virus to leak into the community, was negligent and caused foreseeable loss.
The claims, however, do not argue that restrictions should not have been imposed.
In the worker class action, the lead plaintiff, Jordan Roberts, who was made redundant from his job in Tullamarine on Aug. 14, 2020, during Victoria’s stage four restrictions, is filing a lawsuit against the state for economic loss and psychiatric injury.
June Natural Gas Futures Reverse Course, Climb with Exports Steady, Cyberattack Resolution in View
Natural gas futures on Tuesday bounced back from the prior session’s losses, as export demand and other key fundamentals held strong, while a critical oil pipeline signaled it could restore operations this week following a ransomware attack.
The June Nymex contract advanced 2.3 cents day/day and settled at $2.955/MMBtu. July gained 2.1 cents to $2.999.
Each had declined 2.6 cents on Monday amid worries about the cybersecurity breach involving Colonial Pipeline Co. The company operates a key delivery system spanning from the Gulf Coast to the East Coast for transportation fuels and other refined petroleum products.