ENERGY

Oil prices are rebounding off overnight lows – once again testing the technical support of the 100-day moving average – after sliding following API's report of across the board inventory builds last night.

Oil has been on a downtrend since early April, posting losses in three of the past four weeks, with weakness not just in timespreads but in processing margins too.

That decline has come as much of the geopolitical premium from tensions in the Middle East has unwound, (more…)

Authored by Matt McGregor via The Epoch Times (emphasis ours),

A group of residents in western North Carolina are protesting their county board’s lack of transparency over furtive moves to welcome an electric vehicle (EV) battery (more…)

Oil prices ended the day flat today (after touching the lowest level in almost two months on news reports said Russian Deputy Prime Minister Alexander Novak indicated OPEC+ could move to raise crude production).

Novak told Russia's Interfax news agency that the possibility of increasing oil production within the OPEC+ framework was still being analyzed.

"It always depends on the current situation; the balance of supply and demand. Everything is analyzed. Now there is no need to (more…)