Wednesday, July 15, 2026

Trump Eyes Action to Limit States’ Powers to Block Pipelines

From Bloomberg The Trump administration is considering taking steps to limit the ability of states to block interstate gas pipelines and other energy projects, according to three people familiar with the deliberations. The effort, possibly done through an executive order, is aimed chiefly at states in the Northeast U.S., where opposition to pipeline projects has helped prevent abundant shale gas

U.S. Refiners Facing a Gasoline Glut Take Fresh Hit From Venezuela

From Bloomberg America’s gasoline producers can run, but they can’t hide from a plunge in refining profit margins that sanctions against Venezuelan crude would only worsen, analysts said. The biggest U.S. refiners are expected to report strong fourth-quarter earnings thanks to profits from diesel processing in a strong U.S. economy, as well as a drop of about 40 percent in crude prices.

Sinopec Says It Lost $688 Million on ‘Misjudged’ Oil Prices

From Bloomberg China’s largest oil refiner said its trading unit lost almost $700 million last year after being wrong-footed by zigzagging markets, revealing one of the biggest losses by a commodity trader in the last decade. Sinopec blamed the losses at its Unipec unit in part on “inappropriate hedging techniques” and said it closed its positions after discovering the problem. Oil plunged

Oil Pushes Higher as Venezuelan Crisis Threatens Crude Flows

From Bloomberg Oil prices moved higher as analysts predicted the mounting political crisis in Venezuela could take a chunk out of global crude flows. Futures rose as much as 1.5 percent in New York. Venezuela, owner of the world’s biggest oil reserves, could see crude production drop by a thirdthis year, analysts at Fitch Solutions said Friday. The United Nations Security Council,

Trump, Congress Reach Tentative Deal to Reopen Government for Three Weeks

From The Wall Street Journal President Trump said Friday he had reached a deal with congressional leaders to reopen the government for three weeks while negotiations over border security funding continue, marking at least a temporary concession by the president to Democrats. Speaking in the Rose Garden, Mr. Trump said he would sign a bill to open the government until