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The Latest Breaking News from Oil

New Mexico appeals court rejects lawsuit against oil and gas regulators

A New Mexico appeals court has rejected a lawsuit alleging that the nation’s No. 2 oil state failed to meet constitutional provisions for protecting against oil and gas industry pollution

The Independent UK

Crude Prices Settle Higher on Energy Demand Optimism and Canadian Wildfires

July WTI crude oil (CLN25 ) Tuesday closed up +0.89 (+1.42%), and July RBOB gasoline (RBN25 ) closed up +0.0263 (+1.28%). Crude oil and gasoline prices on Tuesday added to Monday's gains, with crude posting a 1-1/2 week high. Signs of strength in the US labor market support economic growth...

Barchart

Strength in Crude Oil Sparks Short Covering in Sugar Futures

July NY world sugar #11 (SBN25 ) Tuesday closed up +0.02 (+0.12%), and August London ICE white sugar #5 (SWQ25 ) closed up +2.80 (+0.59%). Sugar prices on Tuesday recovered from early losses and posted modest gains. Short covering emerged in sugar futures Tuesday to lift prices higher after WTI...

Barchart

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Supreme Court changes the game on federal environmental reviews

Getting federal approval for permits to build bridges, wind farms, highways and other major infrastructure projects has long been a complicated and time-consuming process. Despite growing calls from both parties for Congress and federal agencies to reform that process, there had been few significant revisions – until now.

The Conversation

Are Lindsey Graham’s contortions about to prod Trump into Russia sanctions?

The Republican senator known for sycophancy towards the president is pushing a bill that could reshape Ukraine policy

The Guardian - US

I received a 30-month jail sentence for nonviolent resistance. Why so harsh? Because protest works

The judge wanted us to show remorse, but I can’t apologise for fighting the climate disaster, writes Indigo Rumbelow, co-founder of Just Stop Oil

The Guardian - UK

Crude Prices Gain on US Economic Strength and Ongoing Canadian Wildfires

July WTI crude oil (CLN25 ) today is up +1.19 (+1.90%), and July RBOB gasoline (RBN25 ) is up +0.0260 (+1.27%). Crude oil and gasoline prices today added to Monday's gains, with crude posting a 1-1/2 week high. Signs of strength in the US labor market support economic growth prospects...

Barchart

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‘Sometimes he cast spells over them’: the raging beauty of Derek Jarman’s black paintings

From his unfinished film about a murdered director to a stunning series of doomy oil paintings, Derek Jarman’s work could be angry, dark and disturbing – not to mention highly relevant in these bleak times

The Guardian - UK

China's BYD Will Strike At The Heart Of Japan's Car Market

Today on Critical Materials: China is coming for Japan's kei cars, Uber plays a pivotal role in Tesla vs Waymo robotaxi battle and electric semis target diesel.

InsideEVs

Dutch government collapses after far-right leader quits coalition after migration feud

Day of political turmoil in The Hague as Geert Wilders turns his back on the ruling governing coalition less than a year after it was formed

Evening Standard

Diamondback’s Viper Energy buys Sitio Royalties for $4B in merger of top two minerals players

The minerals and royalties deal continues Diamondback's ascent as the top producer focused on the still-booming Permian Basin.

Fortune

Oil industry could see job cuts like Grangemouth every fortnight, report warns

Striking The Balance by Robert Gordon University in Aberdeen looked at the prospects for the North Sea sector in different scenarios.

Evening Standard

The Massive U.S. Pipeline Buildout Is Mostly for Gas Going Overseas

Plans for U.S. gas pipelines could lock in a dramatic increase in fossil fuel exports and their greenhouse gas emissions, a new report finds.

Texas Observer

The Tariff Downturn

Plus: Drilling in the Alaskan wilderness, Harvard tries "wastefulness" argument, Stephen Miller tells on himself, and more...

Reason

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International Business Times UK

Aramco's Strategic Shift: Islamic Bond Filing Hints at Fresh Capital Moves

After raising $5bn, Saudi oil giant Aramco preps for more—navigating falling cash flows, state pressure, and global expansion.

BANG Premier

Ellen Pompeo is 'big into serums and oils'

Ellen Pompeo has opened up on her skincare and wellness routines in her mid-50s, particularly when she's on the road.

Bored Panda

27 Cooking Myths That People In This Online Thread Wish Others Knew Are False

"You don't need to wash your chicken!"

The Independent UK

Asian markets rise as US stock indexes near records amid easing trade tensions

Shares are higher in Asia after U.S. stock indexes drifted closer to records

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The Guardian - US

Trump officials open up millions of acres in Alaska to drilling and mining

Doug Burgum says Biden order that banned drilling in 23m-acre National Petroleum Reserve-Alaska will be reversed

The Independent UK

Canada’s wildfires may impact gas prices: here’s how

Patrick De Haan, head of petroleum analysis at GasBuddy, told The Independent that if Canada’s oil production shutdown continues, “it could be a bit more problematic to [U.S.] refineries and it could be more impactful.”

Barchart

Crude Prices Finish Higher as the Dollar Slumps and Oversupply Concerns Ease

July WTI crude oil (CLN25 ) Monday closed up +1.73 (+2.85%), and July RBOB gasoline (RBN25 ) closed up +0.0374 (+1.86%). Crude oil and gasoline prices on Monday settled sharply higher, with crude posting a 1-1/2 week high. Monday's fall in the dollar index (DXY00 ) to a 1-1/4 month...

The Independent UK

To prevent blackouts, Trump administration keeps an aging power plant online through summer

The U.S. Department of Energy is ordering an oil and gas power plant to keep its turbines running through the hottest summer months as a precaution against electricity shortfalls in the mid-Atlantic grid

Barchart

Crude Rallies on Dollar Weakness and Easing Global Oversupply Concerns

July WTI crude oil (CLN25 ) today is up +1.73 (+2.86%), and July RBOB gasoline (RBN25 ) is up +0.0459 (+2.28%). Crude oil and gasoline prices today are sharply higher, with crude posting a 1-1/2 week high. Today's fall in the dollar index (DXY00 ) to a 1-1/4 month low...

Barchart

Commodity Market Roundup- May’s Top Performers and Underperformers

Commodity prices reflected a steady dollar and declining bond futures in May, which were primarily bearish factors.

MarketBeat

3 Top-Rated Energy Companies Staging Strong Recoveries

These three energy firms have bucked the trend sector-wide, achieving noteworthy rallies in recent weeks despite macro pressures.

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