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Count It a Successful Session

Permian Basin Oil and Gas Magazine

The following, summarized by Robertson, made it through both chambers and to the governor’s desk: House Bill 48 creates an Organized Oilfield Theft Prevention Unit within the Department of Public Safety to combat theft involving oil and gas equipment in Texas. This unit is tasked with investigating specified oilfield theft-related offenses.

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

CNBC: Energy

Andy Lipow, president of Lipow Oil Associates, said the reports by the UK Maritime Trade Operations on widespread electronic interference and GPS jamming and location spoofing are adding to vessel owners' worries. In 2023, oil flows through the waterway averaged 20.9

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

CNBC: Energy

1 Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 5:33 05:33 Oil prices jump more than 2% after U.S. strikes on Iran raise fears of supply disruption News Videos Oil futures jumped more than 2% at the start of the first trading session since the U.S. crude oil on Sunday evening rose $1.76, or 2.38%, to $75.60

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

CNBC: Energy

" Fire and smoke rise into the sky after an Israeli attack on the Shahran oil depot on June 15, 2025 in Tehran, Iran. "In a worst case, oil and share prices would be the least of our worries." " Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are.

Finance 91
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Block shares soar 10% on entry into S&P 500

CNBC: Energy

Hess' departure comes just after Chevron completed its $54 billion purchase of the oil producer, prevailing against Exxon Mobil in a legal dispute over offshore oil assets in the South American nation of Guyana. Trade Desk is taking the place of software maker Ansys, which was acquired by Synopsys in a deal that closed Thursday.

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

CNBC: Energy

According to Iranian state media, the country's parliament has also approved closing the Strait of Hormuz, a pivotal waterway for global oil trade, with about 20 million barrels of oil and oil products traversing through it each day. Boockvar is not of the view that Iran will carry out the disruption of global oil supplies.

Finance 119
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Stock losses accelerate on Israel-Iran attacks — plus, the latest on Amazon, Meta and Apple

CNBC: Energy

Meanwhile, oil prices spiked on the news, though the gains have moderated compared with where they were in overnight trading. oil benchmark West Texas Intermediate crude also popped 7%, trading close to $73 a barrel. That is not the case. Brent crude, the international benchmark, surged 7% to above $74 a barrel.

Finance 42