United States

In a victory for the US oil, gas and mining industry, which for years has appealed to the executive branch and courts to eliminate a rule which Exxon Mobil (whose former CEO was just confirmed as US Secretary of State), Chevron and other producers alleged put them at a disadvantage against foreign competitors, this afternoon the House approved a resolution killing an SEC requirement for US energy companies to disclose their payments to foreign governments, known as the "extraction rule."

"This is our mission, in the U.S. and everywhere. We make a difference in the world because we practice professional journalism that is both intrepid and unbiased," explained Reuters Editor-in-Chief Steve Adler to his pool of reporters this morning in a message to staff about covering Trump the Reuters way.

Having been 'black-balled' by the Trump, it appears CNN is going all-in on alienating itself from The White House as The Atlanta Journal-Constitution reports a CNN editor and producer who was detained Sunday at Atlanta's airport has filed a federal lawsuit challenging President Donald Trump's immigration order.

Submitted by Tsvetana Paraskova via OilPrice.com,

It’s been a month now that investors and analysts have been closely watching two main drivers for oil prices: how OPEC is doing with the supply-cut deal, and how U.S. shale is responding to fifty-plus-dollar oil with rebounding drilling activity. Those two main factors are largely neutralizing each other, and are putting a floor and a cap to a price range of between $50 and $60.

In a shot across the trade war bow with both Japan and Germany, on Tuesday Trump and members of his administration took aim at both Japan and Germany, in addition to China, to accuse them of devaluing their respective currencies, an unexpected move which sent the dollar sliding to multi-month lows.  Specifically, on Tuesday morning Trump said: "You look at what China’s doing, you look at what Japan has done over the years.