Midwest gasoline prices up as refinery outage cuts supply
Power outages from severe storms forced the shutdown of ExxonMobil's...
Power outages from severe storms forced the shutdown of ExxonMobil's 251,800-barrel-per-day Joliet refinery in Illinois, prompting a gasoline rush among refineries and driving up prices in the Midwest. As a result, Chicago CBOB differentials for Wolverine and Buckeye barrels shifted into premiums over NYMEX August RBOB futures this week.
2022 Cook Inlet oil lease halted over flawed analysis
Judge Sharon Gleason of the US District Court for the District of Alaska...
Judge Sharon Gleason of the US District Court for the District of Alaska has suspended the sole lease from a 2022 oil and natural gas sale in Alaska's Cook Inlet after determining that the Bureau of Ocean Energy Management improperly analyzed the impacts on endangered beluga whales. The ruling mandates a supplemental environmental review before the lease can proceed.
Global tech outage grounds flights and hits businesses
A massive IT outage disrupted businesses, banks, airlines, media outlets,...
A massive IT outage disrupted businesses, banks, airlines, media outlets, and emergency services worldwide. The problem appeared to be caused by a CrowdStrike update that affected Microsoft Windows devices, per the WSJ. Microsoft 365 said it was working on a fix and was “observing a positive trend in service availability.” But chaos still reigns.
Trump recounts assassination attempt, attacks Dems in RNC speech. Former...
Trump recounts assassination attempt, attacks Dems in RNC speech. Former President Trump closed out the Republican National Convention with a speech describing in vivid terms his near-death experience at a rally last Saturday. But after beginning with a message of unity, Trump returned to familiar attacks and insults of his political opponents over the course of the speech, which lasted more than 90 minutes. Meanwhile, President Biden faces mounting pressure to drop out of the presidential race as he recovers from a bout with Covid. Former President Barack Obama is the latest major Democratic figure to reportedly tell allies that Biden should reconsider his candidacy, per the Washington Post.
Bob Newhart, the legendary comedian and star of the eponymous 1970s sitcom, died at 94.
The SEC sued Patrick Orlando, the former CEO of the shell company that merged with Trump Media, for alleged fraud.
Warner Bros. Discovery is reportedly considering splitting the company in two to boost its share price. Our suggestion: “Warner Bros.” and “Discovery.”
John Deere announced it is slashing diversity and inclusion initiatives after weeks of conservative backlash.
Grok, Elon Musk’s “anti-woke” AI chatbot, has gone woke, Wired reported.
ONEOK to Build New Pipeline, Expand Capacity from Kansas to Denver
Tulsa-based ONEOK plans to build a new 230-mile,...
Tulsa-based ONEOK plans to build a new 230-mile, 16-inch refined products pipeline from western Kansas to the Denver International Airport.
The company said on July 18 that the pipeline is part of a $480 million project to expand capacity from the Midcontinent and Gulf Coast to the Greater Denver Area.
In addition to the pipeline, ONEOK plans to add or upgrade pump stations for the network, increasing the system’s total capacity by about 35,000 bbl/d. ONEOK plans to finish the project by mid-2026.
