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Count It a Successful Session

Permian Basin Oil and Gas Magazine

Protecting our energy resources is essential to the Permian Basin and the state as a whole,” declared Sparks, who announced industry crime as one of his legislative priorities and filed three packaged bills. The headquarters will be positioned in the Permian Basin but will be responsible for investigations statewide.

IT 59
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Tankers showing caution around Strait of Hormuz after U.S. attack on Iran nuclear sites

CNBC: Energy

The inability of oil to traverse through, even temporarily, can ratchet up global energy prices , raise shipping costs and create significant supply delays. The inability of oil to traverse through, even temporarily, can ratchet up global energy prices , raise shipping costs and create significant supply delays.

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Oil prices jump more than 2% after U.S. strikes on Iran raise fears of supply disruption

CNBC: Energy

Strait of Hormuz The worst-case scenario for the oil market would be an attempt by Iran to close the Strait of Hormuz, according to energy analysts. Some 20 million barrels per day of crude, or 20% of global consumption, flowed through the strait in 2024, according to the Energy Information Administration.

Oil 145
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Markets are shrugging off the Israel-Iran conflict. Some strategists warn of complacency

CNBC: Energy

Russ Mould, investment director at AJ Bell, warned on Monday that there was a risk markets were underpricing "the risk of a major conflagration in the Middle East," particularly when it comes to the energy market. "In a worst case, oil and share prices would be the least of our worries." Loading chart.

Finance 91
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Trump's nuclear power push weakens regulator and poses safety risks, former officials warn

CNBC: Energy

The White House and the technology industry view nuclear as powerful source of reliable electricity that can help meet the growing energy needs of artificial intelligence. Skip Navigation Markets Pre-Markets U.S. Trump issued four sweeping executive orders in May that aim to quadruple nuclear power by 2050 in the U.S.

Finance 85
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Block shares soar 10% on entry into S&P 500

CNBC: Energy

However, in the case of the closing of an acquisition, a company can be removed from the index and replaced off schedule. Skip Navigation Markets Pre-Markets U.S. Stocks often rally when they're added to a major index, as fund managers need to rebalance their portfolios to reflect the changes.

Finance 105
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Why global markets are brushing off U.S. strikes on Iran

CNBC: Energy

The worst-case scenario for markets would occur if Iran were to close the Strait, which is unlikely, said Marko Papic, chief strategist at GeoMacro Strategy. Skip Navigation Markets Pre-Markets U.S. strikes have been less aggressive, especially relative to just over a week ago when Israel launched airstrikes against Iran.

Finance 119