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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for July delivery...
  Benchmark U.S. crude oil for July delivery fell 17 cents to $78.45 per barrel Friday. Brent crude for August delivery fell 13 cents to $82.62 per barrel.
  
  Wholesale gasoline for July delivery fell 2 cents to $2.40 a gallon. July heating oil fell 2 cents to $2.47 a gallon. July natural gas fell 8 cents to $2.88 per 1,000 cubic feet.
  
  
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• Dow logs longest losing streak in 2 months, S&P 500 pulls back from record highs
  U.S. stocks closed mostly lower on Friday, with the Dow booking a weekly...
  U.S. stocks closed mostly lower on Friday, with the Dow booking a weekly loss and the Nasdaq Composite clinching a fresh record close.
  
  This past week, investors received good news on the U.S. inflation front and political uncertainty in Europe.
  
  The Dow Jones Industrial Average fell 57.94 points, or 0.2%, to 38,589.16, booking a 0.5% weekly loss.
  
  S&P 500 closed 2.14 points lower, or less than 0.1%, finishing at 5,431.60, just short of another record close.
  
  Nasdaq Composite Index gained 21.32 points, or 0.1%, closing at 17,688.88, a new record close.
  
  The S&P 500 gained 1.6% for the week, while the Nasdaq rose 3.2%.
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• El Nino events threaten Panama Canal reliability
  Efforts are underway to alleviate disruption in the Panama Canal, but...
  Efforts are underway to alleviate disruption in the Panama Canal, but El Nino-related weather events are expected to become more intense as climate change accelerates and could continue to create challenges in the future, said Gabriel Mariscal of CB Fenton during a Latin American Petrochemical and Chemical Association event. "El Nino has always existed, but the challenge now is that you have a Panama Canal that consumes much more water than before, even with the NeoPanamax locks reusing water," said Mariscal.
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• Oil and gas added $15B to N.M.'s revenue in fiscal 2023
  New Mexico's oil and gas industry contributed over $15 billion to state...
  New Mexico's oil and gas industry contributed over $15 billion to state coffers in the last fiscal year as Permian Basin production continued to increase. The share of oil and gas revenues of the General Fund is projected to rise from 35% in fiscal 2023 to nearly 40% in fiscal 2024, before gradually declining due to strategic state investments and legislative spending.
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• Tech advances transform Liberty's Bakken holdings
  Advances in drilling and...
  Advances in drilling and completion techniques have enabled Liberty Resources II to turn Tier 2 Bakken Shale acreage into "extended core" areas with performance comparable to core properties, CEO Mark Pearson said in a recent interview. Pearson also discussed the potential of enhanced oil recovery and predicted increased consolidation in the Bakken due to core inventory depletion and private equity exits.
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