Daily on Energy: Oil on edge, Trump boosts hunting and fishing on public land, and a BP shakeup
Tensions between the U.S. and Iran have escalated, impacting oil prices as traders remain uncertain about a potential ceasefire deal. The Department of the Interior has proposed the largest expansion of hunting and fishing access on federal lands in history. Additionally, BP has ousted its chairman due to governance concerns.
- ▪International oil prices rose by 3.5% as tensions between the U.S. and Iran increased.
- ▪The Department of the Interior proposed opening or expanding over 1,450 hunting and fishing opportunities across federal lands.
- ▪BP's board voted to remove chairman Albert Manifold over serious concerns about his conduct.
Opening excerpt (first ~120 words) tap to expand
WHAT’S HAPPENING TODAY: Good afternoon and happy Tuesday, Daily on Energy readers! We hope you had a restful Memorial Day weekend, hopefully with better weather than in Washington, D.C. Callie is at the helm of the newsletter this week, as Maydeen is taking a much-deserved break traveling through Italy! 🍝🇮🇹☀️ Be sure to spare her inbox while she’s gone. The big question on everyone’s mind is: how close are we to seeing a ceasefire deal between the U.S. and Iran? 🇺🇲🇮🇷 Traders have been confused, with international crude prices jumping while domestic prices fell today. We have more details below.
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