A hot and stormy Fourth of July weekend saw more than 20 cities hit record highs. While the grid was strained in some places, the power mostly stayed on.
Saudi Aramco's sponsorship isn't about selling more crude oil. Experts say it's about building influence, burnishing the company's reputation and supporting Saudi Arabia's broader ambitions on the world stage.
Natural gas is in high demand. The U.S. is boosting exports abroad, while data center growth is driving the need for natural-gas-powered electricity domestically, as well.
Wall Street had been betting that higher oil prices will cause inflation. Now oil prices are dropping, and the leading theory is that cheaper goods could overheat the economy.
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A tenuous deal with Iran has pushed oil prices lower, but U.S. strategic petroleum reserves are at their lowest level in 40 years and commercial inventories have been heavily drawn down.