Oil Falls But Supply Risks Remain Elevated
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U.S. oil prices settle at one-week high on post-CPI relief rally and drop in crude supplies
U.S. oil prices settled at their highest level in a week on Thursday, extending a relief rally sparked by data showing a slowdown in key U.S. inflation data.MarketWatch - Business -
Chevron to sell off its remaining North Sea oil and gas fields
US company denies decision is linked to UK’s 35% windfall tax on North Sea producers. Chevron is preparing to call time on more than five decades in the North Sea with a plan to sell its remaining oil and gas fields in the ageing oil basin.. The ...The Guardian - World -
Oil prices rise as crude inventories fall and U.S. inflation eases
West Texas Intermediate and Brent are flat for the week. The contracts have lost 4% and 5.8%, respectively, for the month.CNBC - Business -
Oil Prices Rise on Positive Inflation Data, Stockpile Falls
Oil prices rose, with positive sentiment supported by positive economic data and a fall in inventories.The Wall Street Journal - World -
Wildfires rage in Canada’s oil hub
Blazes put more than 2mn barrels a day of supply at risk amid geopolitical tensions in Middle East and RussiaFinancial Times - World -
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Nickel price surges as New Caledonia riots raise concerns over supply
Industrial metal critical in electric vehicle batteries climbs almost 7%Financial Times - Business -
North Korea test-fires suspected missiles as Kim Jong Un's sister denies supplying weapons to Russia
North Korea fired suspected short-range ballistic missiles off its east coast on Friday, South Korea’s military said.NBC News - Top stories - North Korea -
Supplies arrive in Gaza via new pier but land routes essential, says US aid chief
Samantha Power says barely 100 trucks of aid a day enter Gaza, far less than 600 needed to address threat of famine. Humanitarian assistance has begun to arrive in Gaza along a US-made pier, but the US aid chief said the new sea corridor could ...The Guardian - World -
Chevron to sell UK North Sea assets as it exits ageing oil basin
Company to focus on newer oilfields, bringing to an end more than 55 years of operations in regionFinancial Times - Business - United Kingdom -
Collusion claims in US oil must reckon with record production
It should be no surprise that Texans are themselves capitalists firstFinancial Times - World -
Texas barge crash spills "environmentally toxic" oil into water
The barge was carrying vacuum gas oil, which has been linked to skin cancer and lung issues and is considered "environmentally toxic."CBS News - Top stories -
Martin Rowson on climate change, and the price of olive oil – cartoon
Continue reading...The Guardian - World - Climate -
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Latest Houthi strike in Red Sea hits oil tanker: US officials
The latest attack by Yemen's Houthi rebels in the Red Sea struck a Greek-owned and operated oil tanker with a ballistic missile early Saturday, according to U.S. officials. The Iranian-backed group hit the oil tanker Wind at around 1 a.m. local ...The Hill - Politics -
35 Years Later, the Remains Known as ‘Chimney Doe’ Have a Name and a Face
A skeleton found in the chimney of a Wisconsin music store in 1989 has been identified, relaunching a police investigation that had been dormant for decades.The New York Times - Top stories -
Bridge between Galveston and Pelican Island remains closed after barge crash
The bridge connecting Galveston, Texas, to Pelican Island remains closed after a barge crashed into a pillar supporting the span, causing it to partially collapseABC News - Top stories -
Post-Brexit deal on border between Gibraltar and Spain remains unresolved
European Commission vice president, Maroš Šefčovič, cites progress on trade and economy for territory but not border checks. Talks on a post-Brexit deal to govern the border between Gibraltar and Spain have broken up without an agreement, although ...The Guardian - World -
Will an antitrust settlement actually settle college sports? Lots of questions remain
A settlement worth more than $2.7 billion could be reached next week. But plenty of questions regarding implementation will remain.ESPN - Sports -
Justin Simmons remains unsigned, with Broncos unlikely to bring him back
On our list of this offseason's Top 100 free agents, only four of the Top 50 are still available.Yahoo Sports - Sports -
Pennsylvania man accused of killing roommate, dismembering body and scattering remains
A Lehigh County man is accused of killing his roommate with a hammer, dismembering his body and then scattering his remains in three separate locations.NBC News - Top stories -
Slovakian PM remains in serious condition as suspect appears in court
Second operation to remove dead tissue has ‘contributed to a positive prognosis’ for Robert Fico, health minister says. Slovakia’s prime minister, Robert Fico, remained in a stable but serious condition as the man accused of trying to assassinate ...The Guardian - World -
Alleged ‘deal’ offer from Trump to big oil could save industry $110bn, study finds
Ex-president at Mar-a-Lago last month hosted more than 20 executives, including from Chevron, Exxon and Occidental. A “deal” allegedly offered by Donald Trump to big-oil executives as he sought $1bn in campaign donations could save the industry ...The Guardian - World - Donald Trump -
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Extent of oil spill following barge collision with Texas bridge unclear: Coast Guard
Officials are monitoring an oil spill in Texas waterways after the partial collapse of a bridge that was struck by a barge.ABC News - Top stories -
Rain, cooler temperatures help prevent wildfire near Canada's oil sands from growing
A wildfire that has forced thousands of people out of their homes in Canada’s oil sands hub city of Fort McMurray, Alberta is being held in place as rain and cooler temperatures sweep through the areaABC News - World -
Oil scores weekly gains, with U.S. prices ending above $80 for first time this month
Oil futures climbed Friday, contributing to gains for the week and prompting U.S. benchmark prices to settle above $80 a barrel for the first time this month, as some economic data from the U.S. and China raised hopes for stronger crude demand.MarketWatch - Business -
New endangered listing for rare lizard could slow oil and gas drilling in New Mexico and West Texas
Federal wildlife officials have declared a rare lizard in southeastern New Mexico and West Texas an endangered speciesABC News - Tech -
Yemen's Houthi rebels launch a missile that strikes an oil tanker in the Red Sea, US military says
Ballistic missile damaged a Panama-flagged, Greek-owned vessel.ABC News - Top stories -
Houthi missile strikes Greek-owned oil tanker in Red Sea, U.S. says
It comes just two days after the Houthis shot down another U.S. military MQ-9 Reaper drone.CBS News - Top stories -
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Residents forced out of Canada's oil sands hub by wildfire cleared to return, officials say
Authorities say residents ordered out of Canada’s oil sands hub of Fort McMurray, Alberta due to a nearby wildfire are clear to return homeABC News - World -
The Morning Risk Report
U.S. blocks imports from 26 more Chinese companies over forced labor concerns, and the U.S. pitches deal to ease sanctions on Israeli businessman in a quest for metals. Also, Microsoft asks hundreds of China-based AI staff to consider relocating ...The Wall Street Journal - World -
Are the Risks of Marijuana Overhyped or Undersold?
‘The psychiatric hospitals I oversee are consistently occupied by patients suffering from complications due to cannabis.’The Wall Street Journal - World -
Slovak president-elect says he spoke to prime minister who was shot but says his condition remains very serious
Slovak president-elect says he spoke to prime minister who was shot but says his condition remains very seriousABC News - World -
‘Chimney Doe,’ skeletal remains found in pipe of Wisconsin music store in 1989, finally identified
The skeletal remains of "Chimney Doe" were identified as Ronnie Joe Kirk nearly 35 years after he was found in a Madison, Wisconsin, music store pipe in 1989.NBC News - Top stories -
Juventus sack manager Massimiliano Allegri following Coppa Italia outburst, with two games remaining in season
Allegri's contract was due to expire on June 30, 2025 but he was expected to leave at season's endCBS Sports - Sports -
Card payments remain a ‘challenge’ for legal cannabis as major banks avoid the sector. Changing classification won’t help.
Standard credit card transactions remain elusive but more financial services firms are moving into the space.MarketWatch - Business -
Houston distributes water as more than 300,000 remain without power after devastating storms
The city of Houston on Saturday opened new distribution centers to give out water as thousands of customers remained without power following severe storms blamed in the deaths of seven people in the region.NBC News - Top stories -
Suspect to remain behind bars after failed assassination attempt on Slovak prime minister
The man accused of attempting to assassinate Slovak Prime Minister Robert Fico has been ordered to remain behind bars, officials said. The Specialized Criminal Court in Slovakia ordered the suspect to be detained after prosecutors said they were ...The Hill - Politics