Benchmark U.S. crude oil for August delivery fell 30 centsto $81.91 per barrel Monday. Brent crude for September delivery fell 18 cents to $84.85 per barrel.
Wholesale gasoline for August delivery fell 2 cents to $2.49 a gallon. August heating oil was unchanged at $2.51 a gallon. August natural gas fell 17 cents to $2.16 per 1,000 cubic feet.
Trump picks J.D. Vance as his running mate, adding venture-capital experience to GOP ticket
Republican presidential nominee Donald Trump has chosen Sen. J.D. Vance...
Republican presidential nominee Donald Trump has chosen Sen. J.D. Vance of Ohio to be his running mate, tapping a rising GOP star known for his 2018 memoir “Hillbilly Elegy,” as Trump takes on President Joe Biden in the White House race.
Vance brings experience in venture capital to Trump’s presidential bid, having worked in that field alongside influential tech XLK entrepreneur Peter Thiel.
AI, edge computing usher in new era for Vital Energy
Vital Energy, formerly Laredo Petroleum, has increased its oil production...
Vital Energy, formerly Laredo Petroleum, has increased its oil production by 45,000 barrels per month by leveraging sensor data, AI and edge computing to automate electrical submersible pump operations. Vital Energy Chief Technology Officer Brandon Brown envisions "almost limitless" opportunities for AI in oil and gas and Brown stressed the importance of quality data in driving digital transformation.
Several high-profile energy traders have recently left oil majors like...
Several high-profile energy traders have recently left oil majors like BP and Shell for trading houses such as Vitol, Trafigura, and Mercuria. These trading houses have been acquiring assets from oil majors and can offer bonuses surpassing the remunerations of BP and Shell CEOs.
