Thursday, June 19, 2025
Iran

Senate Motion to Stop Iran Nuclear Deal Fails by 2 Votes

Congressional Republicans unable to mount enough opposition to stop Iran deal Senate Democrats blocked a Republican resolution of disapproval of the Iran nuclear deal from going to a final vote today, with the procedural motion to move to a final vote falling just two votes shy of the required 60. The news comes as a victory for President Obama, who

Holiday Weekend Road Trip: Gasoline Prices Mirror Last Year - Oil & Gas 360

California Drops 50% Oil Cut from Senate Bill

The California Senate removed requirements for a 50% reduction in petroleum use from SB 350 The California legislature passed a law today setting higher renewable energy use and fuel standards, but without a portion of the bill that would have called for a 50% reduction in petroleum use by 2030. The bill, Senate Bill 350, prompted a backlash from the

S&P Downgrades Brazil’s Petrobras to Junk Status

Story by The Wall Street Journal Standard & Poor’s Ratings Services downgraded Brazil’s state-run oil firm Petroleo Brasilero SA to junk status Thursday, along with a slew of other state-run companies, following the downgrade to junk status of Brazil’s sovereign debt. After downgrading Brazil’s sovereign debt into junk territory Wednesday, S&P loweredPetrobras’ ratings two notches, from BBB- to BB. Its