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• WTI-Midland's addition to Brent is paying off
  The inclusion of West Texas...
  The inclusion of West Texas Intermediate-Midland crude into the Dated Brent basket last year has significantly improved the global oil benchmark's functionality, driving record trading volumes in both physical and derivative markets. "The introduction of Midland has been successful as witnessed by decent liquidity and new entrants into the forward and dated market," said North Sea trader Kurt Chapman.
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• EOG's Utica oil program off to a solid start
  EOG Resources' oil drilling...
  EOG Resources' oil drilling program in Ohio's Utica Shale has achieved output and cost efficiencies comparable to leading US plays through the use of three-mile laterals and longer. EOG is taking a slow and steady approach in the Utica oil play, aiming for a thorough understanding of resources and full-cycle economics before transitioning to full development mode, according to chairman and CEO Ezra Yacob.
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• First crewed flight of Boeing’s Starliner scrubbed 2 hours before takeoff
  The maiden crewed flight of Boeing Co.’s Starliner spacecraft was scrubbed...
  The maiden crewed flight of Boeing Co.’s Starliner spacecraft was scrubbed Monday night, about two hours before it was scheduled to launch.
  
  The decision was made due to concerns over an oxygen release valve on the United Launch Alliance Atlas V rocket.
  
  It was unclear when the launch may be attempted again, but there are backup dates later this week.
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• ☕️What Else is Brewing Tuesday Morning
  Israel rejects cease-fire plan okayed by Hamas as Rafah operation...
  Israel rejects cease-fire plan okayed by Hamas as Rafah operation begins. After ordering Palestinians to evacuate from parts of Rafah, a southern Gaza city to which 1 million people have fled during the Israel–Hamas war, Israel began airstrikes there. The beginning of the offensive in Rafah, which Israel has been planning despite opposition from the US, came as Hamas announced that it agreed to a cease-fire proposal mediated by Egypt and Qatar. However, the version of the deal Hamas embraced was not one Israel had signed on to, and Israel’s war cabinet rejected it, saying it was “far from” meeting its demands. However, Israel also sent negotiators to the mediators to continue working toward a cease-fire agreement.
  
  Columbia canceled its university-wide graduation ceremony, citing security concerns after the campus spent weeks as the epicenter of student protests against Israel’s actions in Gaza. It still plans to have smaller events for specific schools.
  
  Qantas will pay a $79 million fine for selling seats on flights that had already been canceled.
  
  The judge overseeing Donald Trump’s hush money trial once again found he had violated a gag order (it’s the 10th time), fined Trump $1,000, and threatened him with jail time for future violations.
  
  Some cases of Alzheimer’s disease might be caused by having two copies of a genetic variant that has long been associated with the ailment, a new study showed.
  
  The launch of the first crewed mission to space aboard a Boeing Starlink rocket was scrubbed last night. They may try again tonight.
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for June delivery ...
  Benchmark U.S. crude oil for June delivery rose 37 cents to $78.48 per barrel Monday. Brent crude for July delivery rose 37 cents to $83.33 per barrel.
  
  Wholesale gasoline for June delivery rose 3 cents to $2.59 a gallon. June heating oil rose to $2.46 a gallon. June natural gas rose 5 cents to $2.19 per 1,000 cubic feet.
  
  
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