ENERGY

Authored by Jason Isaac via RealClearEnergy,

Apparently, you can litigate anything these days, and it’s gotten far more insidious than suing McDonald’s over hot coffee being, you know, hot. A new climate activist group called Our Children’s Trust is suing state and federal government agencies on behalf of individual children, claiming that fossil fuel regulators are negligently ruining their future.

That children should feel entitled to come of age under a specific set (more…)

Oil prices extended gains this morning following the cooler than expected CPI (supporting rate cuts and potential demand) following API's reported crude draw overnight.

Expectations were for a modest draw in crude from the official data.

API

• Crude -2.4mm

• Cushing -1.94mm

• Gasoline -2.55mm

• Distillates +972k

DOE

• Crude +3.73mm

• Cushing -1.59mm

• Gasoline +2.57mm

• Distillates +881k

The official data flipped (more…)

Authored by Alex Kimani via OilPrice.com,

• The spokesperson for the Taliban's Ministry of Mines and Petroleum reported that the group had successfully sold $80 million in crude oil.

• China's CAPEIC’s investment of $49 million in Afghanistan has helped boost the country's daily crude oil output to more than 8,000 bpd.

• Spanning Afghanistan and Tajikistan, the Amu Darya basin is estimated to contain 962 million barrels of crude oil and 52,025 billion (more…)