BP announced it had capped its crippled underwater well that sent millions of barrels of crude gushing into the Gulf of Mexico for three months.

ConocoPhillips is pushing to explore for more oil near its mammoth Willow project in Alaska, betting there are vast reserves of undiscovered crude in the state’s Arctic north.

The US President will also meet First Minister John Swinney during the private trip to Scotland later this month.

The prime minister, a longtime climate finance advocate, has set about restoring relations with the fossil fuel industry

ConocoPhillips (NYSE:COP) is pushing to explore for more oil near its Willow project in Alaska, filing applications Monday with U.S. regulators asking to drill four new test wells and undertake seismic studies to search for additional oil in the National Petroleum Reserve-Alaska,

OPEC+ crude production rose in June but fell short of its planned hike, with Saudi Arabia clarifying its output amid market scrutiny.

This policy will lead to more expensive electricity in the U.S. and a serious delay in the race against China for AI dominance.

The broader trend suggests that other market forces (such as supply shocks, demand growth, and geopolitical risk) likely play a far greater role in setting the price of crude than SPR.