Texas oil and gas companies face new deadlines to plug defunct wells after the Texas Legislature agreed this week to send Gov. Greg Abbott a bill setting new rules for the industry.
Oil slipped as the looming prospect of another major OPEC+ production increase overshadowed easing trade tensions between the European Union and the US.
Curious Minds Corner
How much energy potential is packed into one barrel of oil?
Roughly 5.8 million BTUs (British Thermal Units), which could power an average US home for several days (energy equivalent to about 1,700 kWh).