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NWS Forecasts Thunderstorms in US Northern Plains, Southern High Plains, North Dakota

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The US National Weather Service forecast potential severe thunderstorms on Tuesday over portions of northern Plains, with risks of large hail, damaging winds, and possibly tornadoes.

Southern High Plains and North Dakota could experience flooding due to thunderstorms, the agency said.

The NWS early Tuesday issued a severe thunderstorm warning for Oklahoma's Ponca City, and Enid. OGE Energy (OGE) unit Oklahoma Gas & Electric and American Electric Power subsidiary Public Service Co. of Oklahoma are the major electric utility service providers in the state.

In Kansas, where Evergy (EVRG) is among the primary electricity service providers, Paola, Lincoln, Hutchinson, and Kingman were part of a flood warning watch.

A flood warning was also issued for Montana's Kalispell, Poison, and Thompson Falls, primarily served by Northwestern Energy (NWE).

A similar warning was issued for Searcy in Arkansas, served by Entergy's (ETR) Arkansas unit.

Gulfport in Mississippi, where Southern Company (SO) unit Mississippi Power is among the major electricity service providers.

A flood warning was also issued for areas near Winthrop in Washington, where Puget Sound Energy is among the major providers.

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Commodities

Update: Offshore Alliance Initiates Industrial Action at Inpex Ichthys LNG Plant

(Updates with Inpex comments in paragraphs 3 and 4.)Offshore Alliance's members union workers on Tuesday initiated an "industrial action" across all the facilities of Inpex's 9.3 million metric-ton-a-year Ichthys liquefied natural gas export plant in Darwin, northern Australia, the union's representative Horton Advisory said."The strike action includes union members downing tools between 6am and 8am and 6pm and 8pm, and bans on overcycle, working past 6am on [demobilization] day, and swapping between day shift and night shift without at least 4 weeks notice from management," according to a statement.In a statement shared with, Inpex Senior Vice President Corporate Bill Townsend said the company respects the right of its employees to take protected industrial action and would continue to engage with them to reach a fair deal."[Inpex] remains focused on maintaining safe operations at Ichthys LNG - and importantly, ensuring reliable energy supply to our key trading partners in the Indo-Pacific region amid disruption to global energy markets," the statement added.Last week, a proposed strike at the facility on Wednesday and Thursday was called off following progress in negotiations, with any potential proposed protected industrial action delayed until Tuesday.However, in the latest statement, Offshore Alliance claimed the Fair Work Commission facilitated negotiations hit a roadblock after the Japanese energy company failed to provide a timely response or documentation required for talks to progress despite agreeing to share them by Saturday at the latest."The response from Inpex has been underwhelming and shows that the company is not taking the negotiations seriously. Offshore Alliance members feel that the company is now playing games and as a result will commence industrial action" the statement added.According to an S&P Platts report, the action which commenced from 6:00 a.m. Australian Western Standard Time on Tuesday is expected to continue until June 10.The worker's body has also provided Inpex notice of another industrial action from June 11 to June 23, according to the statement.The worker's union was, however, added that it was committed to negotiations and willing to hold pause on the industrial action "should Inpex return to genuine bargaining."In April, about 326 of 346 union workers at the facility had voted in favor of a strike to further their demands for better pay and working conditions.According to its website, Offshore Alliance is a partnership between the Australian Workers' Union and the Maritime Union of Australia, and covers workers in the offshore oil and gas industry.A strike at the facility, which accounts for about 2% of global LNG output, could reportedly have had severe consequences for the market amid the supply disruptions from the Strait of Hormuz due to the ongoing Middle East crisis.

Commodities

Offshore Alliance Initiates Industrial Action at Inpex Ichthys LNG Plant

Offshore Alliance's members union workers on Tuesday initiated an "industrial action" across all the facilities of Inpex's 9.3 million metric-ton-a-year Ichthys liquefied natural gas export plant in Darwin, northern Australia, the union's representative Horton Advisory said."The strike action includes union members downing tools between 6am and 8am and 6pm and 8pm, and bans on overcycle, working past 6am on [demobilization] day, and swapping between day shift and night shift without at least 4 weeks notice from management," according to a statement.Last week, a proposed strike at the facility on Wednesday and Thursday was called off following progress in negotiations, with any potential proposed protected industrial action delayed until Tuesday.However, in the latest statement, Offshore Alliance claimed the Fair Work Commission facilitated negotiations hit a roadblock after the Japanese energy company failed to provide a timely response or documentation required for talks to progress despite agreeing to share them by Saturday at the latest."The response from Inpex has been underwhelming and shows that the company is not taking the negotiations seriously. Offshore Alliance members feel that the company is now playing games and as a result will commence industrial action" the statement added.According to an S&P Platts report, the action which commenced from 6:00 a.m. Australian Western Standard Time on Tuesday is expected to continue until June 10.The worker's body has also provided Inpex notice of another industrial action from June 11 to June 23, according to the statement.The worker's union was, however, added that it was committed to negotiations and willing to hold pause on the industrial action "should Inpex return to genuine bargaining."In April, about 326 of 346 union workers at the facility had voted in favor of a strike to further their demands for better pay and working conditions.According to its website, Offshore Alliance is a partnership between the Australian Workers' Union and the Maritime Union of Australia, and covers workers in the offshore oil and gas industry.A strike at the facility, which accounts for about 2% of global LNG output, could reportedly have had severe consequences for the market amid the supply disruptions from the Strait of Hormuz due to the ongoing Middle East crisis.has reached out to Inpex for comments.

Commodities

Market Chatter: European Commission Discusses Temporary Fiscal Exemption for Energy Spending

The European Commission is considering a temporary fiscal exemption that would let member states direct about 0.3% of gross domestic product toward energy support measures, Bloomberg reported Monday, citing people familiar with the discussions.To help governments manage rising energy bills, European Union officials are discussing plans to exclude certain energy-related spending from the bloc's fiscal rules, according to the report.The proposal would follow the model of the defense carve-out previously approved by the Commission.Among the strongest advocates of additional fiscal flexibility, Italy has pressed for relief as elevated energy costs add pressure to a country already burdened by high debt levels.The proposal remains under discussion and key details could still change before any announcement, while the European Commission has not yet made a final decision.European Commission didn't immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)