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• Oil prices fall on talks to end Russian invasion of Ukraine
  Reuters) - Oil prices fell on Tuesday as traders bet...

  Reuters) - Oil prices fell on Tuesday as traders bet that talks over a possible agreement to legitimize or end Russia's invasion of Ukraine could ease sanctions on Russian crude oil, boosting global supply.

  
  

  Brent crude futures settled at $65.79 a barrel, down 81 cents, or 1.22%. U.S. West Texas Intermediate crude futures for September delivery, set to expire on Wednesday, finished at $62.35 a barrel, down $1.07, or 1.69%.

  
  

  "Even with this peace dividend, we have a record short position," said Phil Flynn, senior analyst with Price Futures Group. "Because of the size of the short position, people are betting on a cease-fire and if we don't get one there could be a bounce."

  
  

  Following a White House meeting on Monday with Ukrainian President Volodymyr Zelenskiy and European allies, U.S. President Donald Trump announced in a social media post that he had spoken with Russian President Vladimir Putin.

  
  

  Trump said arrangements were being made for a meeting between Putin and Zelenskiy, which could lead to a trilateral summit involving all three leaders.

  
  
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• Dow ends flat, Nasdaq and S&P 500 finish sharply lower as Big Tech stocks slide
  U.S. stocks finished mostly lower on Tuesday, after a...

  U.S. stocks finished mostly lower on Tuesday, after a selloff in megacap technology names weighed on the three major indexes ahead of the Federal Reserve’s annual economic symposium in Jackson Hole, Wyo., later this week.

  
  

  The Dow Jones Industrial Average finished flat at 44,922.27, according to FactSet data. Earlier, the blue-chip index rose to a fresh intraday record, thanks to strong gains in shares of Home Depot Inc.

  
  

  The S&P 500 fell 37.78 points, or 0.6% to end at 6,411.37.

  
  

  The Nasdaq Composite slumped 314.82 points, or nearly 1.5% to finish at 21,314.95. It was the largest one-day point and percentage decline for the tech-heavy index since Aug. 1, according to Dow Jones Market Data.

  
  

  Investors turned cautious ahead of the Federal Reserve's Jackson Hole Economic Policy Symposium on Friday, where Fed Chair Jerome Powell is set to provide insights into the central bank's future monetary-policy decisions.

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• Lawsuits seek billions from oil majors for La. coastal work
  More than 40 lawsuits filed in Louisiana target major oil and gas companies,...
  More than 40 lawsuits filed in Louisiana target major oil and gas companies, seeking billions to address damage from decades of drilling infrastructure left behind in coastal marshes. The suits, backed by state officials and coastal parishes, aim to hold oil majors like Chevron accountable for funding the restoration of land lost to erosion and environmental harm.
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• Permian Basin projects fuel midstream sector expansion
  Permian Basin natural gas remains the engine of midstream growth, with...
  Permian Basin natural gas remains the engine of midstream growth, with multiple operators expanding capacity and infrastructure to meet rising LNG and power generation demand. Major projects include Williams' newly resurrected Northeast Supply Enhancement pipeline, ONEOK's $365 million Big Horn sour gas processing plant and Energy Transfer's $5.3 billion Transwestern Pipeline expansion from the Permian Basin to Arizona. While most players are doubling down on gas, Plains All American is prioritizing crude infrastructure through divestitures and bolt-on deals.
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• Water management top of mind for Permian operators
  Produced water management has become a priority for Permian Basin oil...
  Produced water management has become a priority for Permian Basin oil and natural gas companies, which are investing heavily in solutions such as recycling, desalination and beneficial reuse. Executives at the Produced Water Society's 10th Permian Basin Conference said the goal is to reduce reliance on freshwater for drilling operations, but progress depends on scaling technology, working together and winning regulatory support.
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