WHAT’S HAPPENING TODAY: Good afternoon and happy Wednesday, readers! Happy World Otter Day to all our animal lovers out there. 🦦Today, crude oil markets saw their biggest price drop in a month, with international and domestic benchmarks falling by more than 5%. 🛢️📉 The downward pressure appeared to come from both Washington and Tehran, so keep reading to find out why. Texas Gov. Greg Abbott took a major blow last night as anti-DEI and anti-Islam conservative Bo French took home the win in the primary runoff for a seat on the Texas Railroad Commission. 🗳️ Abbott previously warned that French would “wreck” the Texas oil and gas industry. Read on for more details on the race.
Welcome to Daily on Energy, written by Washington Examiner energy and environment writers Callie Patteson (@CalliePatteson) and Maydeen Merino (@MaydeenMerino). Email cpatteson@washingtonexaminer dot com or mmerino@washingtonexaminer dot com for tips, suggestions, calendar items, and anything else. If a friend sent this to you and you’d like to sign up, click here. If signing up doesn’t work, shoot us an email, and we’ll add you to our list.
IRAN AND US JAWBONE OIL MARKETS, SENDING PRICES TO LOWEST LEVEL IN A MONTH: International and domestic crude oil prices dropped to the lowest level they’ve been in the last four weeks after both the U.S. and Iran sent significantly positive signals that a ceasefire deal is on the horizon.
