The Supreme Court will decide 15 cases this week. The...
The Supreme Court will decide 15 cases this week. The most pivotal is whether Donald Trump is immune from prosecution for election interference, as he contends he can’t be charged for actions taken while serving as president. Other major cases the court will rule on include the legality of emergency abortions in states that have banned the procedure, regulations on outdoor homeless encampments, and whether social media platforms can censor users.
Torrential rain in the US Midwest caused flooding that prompted rescues and evacuations in multiple states.
Israeli Defense Minister Yoav Gallant arrived in Washington, DC, for meetings with US officials about Gaza and Lebanon. The visit comes at a time when PM Benjamin Netanyahu has repeatedly accused the White House of holding up weapons shipments to Israel, which the US has denied and called “perplexing.”
Climate protesters stormed the 18th green at the Travelers Championship in Connecticut, disrupting play on the final hole. Scottie Scheffler later won the tournament in a playoff.
American sprinter Sha’Carri Richardson made the US Olympics team by running the fastest women’s 100m race so far this year (10.71 seconds). The track superstar was not allowed to compete in the Tokyo Olympics in 2021 after testing positive for THC.
The USPS is releasing a Forever stamp honoring the late Jeopardy! host Alex Trebek.
Oil and gas rig numbers slide again in Oklahoma and the U.S.
Oil and gas drilling activity continued its decline in the past week,...
Oil and gas drilling activity continued its decline in the past week, both in Oklahoma and across the U.S. resulting more drilling units placed in storage.
Oklahoma’s count fell by two to 35 rigs, according to the Baker Hughes rig count released on Friday. A year ago, the state recorded 42 active rigs.
Nationally, the total count slipped by two to 588, including the decline of three oil rigs to 485, gas rigs unchanged at 98, and miscellaneous up one to 5.
Compared to a year ago, the U.S. count is down 94 rigs from 682, including a drop of 61 oil rigs and 32 gas rigs.
Texas saw a decline of three to 282 rigs, while New Mexico was unchanged at 108, and North Dakota’s count gained two to reach 34.
Benchmark U.S. crude oil for August delivery fell 56 cents to $80.73 per barrel Friday. Brent crude for August delivery fell 47 centsto $85.24 per barrel.
Wholesale gasoline for July delivery rose 1 cent to $2.51 a gallon. July heating oilfell 3 cents to $2.49 a gallon. July natural gasfell 4 cents to $2.71 per 1,000 cubic feet.
S&P 500 books 3rd straight weekly gain as U.S. stocks notch down Friday
U.S. stocks closed mostly lower Friday as technology stocks slumped,...
U.S. stocks closed mostly lower Friday as technology stocks slumped, but major equity indexes still rose for the week.
The Dow Jones Industrial Average eked out a less than 0.1% gain Friday, while the S&P 500 fell 0.2% and the technology-heavy Nasdaq Composite shed 0.2%, according to preliminary data from FactSet. The S&P 500’s tech sector finished 0.8% lower Friday.
The preliminary data show that for the week, the Dow climbed around 1.5%, the S&P 500 rose 0.6%, and the Nasdaq finished about flat. The S&P 500 logged a third straight week of gains.
A report by the U.S. Energy Information Administration points out that...
A report by the U.S. Energy Information Administration points out that U.S. refinery capacity grew by 2% last year, or 324,000 barrels a day, according to the recently published Refinery Capacity Report.
The 2% increase marks the second consecutive year of U.S. refinery capacity growth, but the 18.4 million-b/d capacity as of the beginning of 2024 remained slightly less than the record of 19.0 million b/d set on January 1, 2020.
Much of the increase in U.S. refining capacity in 2023 was due to a 240,000-b/d expansion project at ExxonMobil’s Beaumont refinery in Texas, which brought the refinery’s capacity to 609,000 b/d.
