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California Fuel Watchdog Issues Subpoenas To Gas Stations Over High Prices
California's fuel watchdog has issued subpoenas to gas stations charging unusually high prices and failing to cooperate with inquiries, Bloomberg reported on Tuesday.The Division of Petroleum Market Oversight said it was targeting retailers whose "high prices may not be justified by increases in their input costs.""We were concerned that some retailers might use the conflict as a pretext to inflate their retail prices," DPMO Director Tai Milder said, adding, "we saw something similar happen after the Ukraine invasion," the report said.Milder said stations contacted by the agency cut prices by "50 cents-a-gallon or more," according to Bloomberg.
Asia
Emerald Resources Secures Final Works Approval for Western Australia Gold Project
Emerald Resources (ASX:EMR) received approval from Western Australia's Department of Water and Environmental Regulation for its wholly owned Dingo Range Gold Project, effectively enabling the project to proceed to development, according to a Wednesday filing with the Australian bourse.The regulatory approval covers key infrastructure including the processing plant, power station, tailings storage facility, and associated works required for future gold production, per the filing.The company has completed and commissioned on-site accommodation for construction and operational staff and continues drilling through 2026 to support resource updates, including open-pit extensions and potential underground development, while advancing a maiden ore reserve, the filing said.The company also has committed around AU$30 million to acquire two 8,000 kilowatts Metso SAG mills for its operations, along with a crushing circuit for Dingo Range, the filing added.
$ASX:EMR
Equities
Russian Fuel Tanker Carrying Diesel to Cuba Stalls Amid US Blockade
A sanctioned Russian tanker carrying fuel to Cuba has stalled about 1,000 miles off the coast, adding pressure to the island's worsening fuel crisis, Bloomberg reported on Tuesday citing vessel movement data.The vessel, Universal, has been drifting since mid-April after halting a voyage from Russia, carrying nearly 270,000 barrels of diesel, according to Bloomberg citing Vortexa data.Its arrival remains uncertain as ships have diverted away from Cuba "for fear of seizure by US naval forces" amid a near-total energy blockade, Bloomberg said.Only one vessel this year, the Anatoly Kolodkin, delivered oil after receiving a temporary reprieve from the Trump administration, according to the report.