Crude oil prices have fallen to five-year lows near $57 per barrel, creating downward pressure on the 10-year Treasury yield through their strong positive correlation. Market analysts anticipate yields could drop to 3.75% if oil continues declining, potentially unlocking credit markets and housing activity.

The Trump administration is proceeding with the largest federal coal lease sales in over a decade in Montana and Wyoming's Powder River Basin. However, market analysis reveals most power plants served by these mines plan to cease coal operations within ten years.

Energy executives report second consecutive quarter of contraction with business activity index at -6.5. Company outlook plunged to -17.6 as tariffs on steel and aluminum drive up operational costs while regulatory uncertainty dampens investment appetite.

Ukrainian forces launched drone attacks on two major Russian oil refineries, including the Gazprom Naftohim Salavat facility in Bashkortostan region. These strikes are part of an intensified campaign targeting Russia's energy sector to disrupt oil revenue funding the war effort.

Liberty Energy leads the deployment of artificial intelligence and automation in hydraulic fracturing operations, reducing workforce requirements by 35% while maintaining record production levels. The company's AI-driven systems control fracking operations autonomously, optimize equipment maintenance, and streamline supply chain logistics.

The U.S. oil and gas industry has eliminated nearly 270,000 jobs since 2014 as artificial intelligence and autonomous drilling technologies replace traditional roughneck positions. Companies are deploying AI-controlled rigs capable of autonomous geosteering and remote operations management.

A liquefied petroleum gas truck carrying 49,500 liters exploded after overturning in Mexico City's Iztapalapa borough, generating shock waves that damaged 32 vehicles. Six fatalities and 90 injuries were reported in the incident.

Russia and China signed a memorandum for the Power of Siberia 2 gas pipeline, designed to transport 50 billion cubic meters annually from western Siberia to China. The agreement lacks crucial details on pricing and financing, highlighting China's negotiating leverage as Russia seeks to replace lost European gas revenues.

Russia's oil and gas revenue dropped significantly to $9.8 billion in July, contributing to widening budget deficits and dwindling fiscal reserves. The economic strain coincides with agricultural export challenges and projections of potential recession in coming quarters.