Texas Still Dominates America's Natural Gas Production

Sweden Seizes Another Suspected Russian 'Dark Fleet' Tanker, Despite US Easing Sanctions Washington has eased sanctions on countries buying Russian oil in connection with the Iran war and Strait of Hormuz crisis, an easing welcomed by the Kremlin, but which has caused angst and anger among pro-Ukraine campaigners. The US waiver is active for a month, and applies to crude which has has been floating at sea and thus was unable to be sold. However, this hasn't stopped some European countries from moving against tankers without proper registration and flags. Illustrative file imagec Sweden,...

Unearthed Docs Reveal More Names Targeted in Biden DOJ's Fishing Expedition Authored by Luis Cornelio via Headline USA, Former Special Counsel Jack Smith targeted more Republican lawmakers and conservative figures than previously known, newly unearthed documents show.  Smith, tasked by the Biden administration with prosecuting Donald Trump after 2021, has faced scrutiny since 2025, when bombshell disclosures revealed he targeted GOP lawmakers as well as dozens of conservative nonprofits and PACs.  Newly reported DOJ documents, first obtained Tuesday by Fox News, show the scope extended to former White House chief of staff Mark Meadows, Trump attorney Rudy Giuliani, and Reps. Brian...

Rate-Hike Odds Remain Low As US Producer Prices Print Cooler Than Expected In July Following yesterday's cooling (in-line) consumer price inflation data (driven in large part by energy deflation), US producer prices were expected to rebound modestly in July from a 0.3% MoM decline (headline) in June. Instead, headline Producer Prices were unchanged MoM (cooler than expected), pushing the annual change down from +5.5% to +4.7% YoY... Source: Bloomberg Core PPI (Ex Food and Energy) also printed cooler than expected (+0.2% MoM vs +0.3% MoM), dragging Core PPI YoY down to +4.2%... Final demand...