Pioneer exec: Sluggish oil supply growth may lift prices
Oil prices could increase later this year as US oil production growth struggles to keep up with increasing...
Oil prices could increase later this year as US oil production growth struggles to keep up with increasing global oil demand, said Pioneer Natural Resources Executive Vice President Beth McDonald at the RBN Energy crude export conference in Houston. "In general, you'll still see those modest (production) growth rates and those low reinvestment rates because we continue to focus on returning cash to shareholders," she explained.
Russia to deploy nuclear weapons to Belarus in July
Russian President Vladimir Putin made the announcement in a televised meeting with the Belarusian leader...
Russian President Vladimir Putin made the announcement in a televised meeting with the Belarusian leader Friday. Belarus, a close ally of Russia, neighbors Ukraine to the north and shares an almost-700-mile border. Russian forces have used Belarus as a staging ground since the beginning of the war.
Evacuations begin around Mayon Volcano in the Philippines
Roughly 10,000 residents living within a 3.7-mile radius...
Roughly 10,000 residents living within a 3.7-mile radius of the volcano began evacuating Friday after officials said the volcano showed signs of increasing activity preceding a hazardous eruption. The Mayon Volcano, about 205 miles south of the capital of Manila, is the Philippines' most active volcano. It last erupted in 2018.
In a federal indictment unsealed yesterday, prosecutors accuse the former president of illegally hanging on to classified materials after leaving office, including documents with military and nuclear secrets. It alleges that Donald Trump kept boxes of documents in a bathroom and on a ballroom stage at Mar-a-Lago and that he twice showed secret information to people who did not have security clearances (once while noting that he was no longer able to declassify documents). Trump, who denies doing anything wrong, is expected to appear in court Tuesday before Aileen Cannon, a judge he appointed and who ruled in his favor on issues earlier in the case. A Trump aide was also indicted.
Benchmark U.S. crude oil for July delivery fell $1.12 to $70.17 a barrel Friday. Brent crudefor August delivery fell $1.17 to $74.79 a barrel.
Wholesale gasoline for July delivery fell 2 cents $2.59 a gallon. July heating oilfell 3 cents to $2.36 a gallon. July natural gasfell 10 cents to $2.25 per 1,000 cubic feet.
