Union Jack Oil announced that its Crossroads well in Garvin County, Oklahoma, has been classified as non-commercial following testing. Despite encountering hydrocarbons at multiple levels and testing four intervals with production potential, the results were insufficient to justify commercial development. The company, holding a 43% stake in the well, plans to plug and abandon it. This outcome represents a setback for Union Jack Oil's US drilling efforts.
Gulf Keystone Petroleum has reduced its monthly cash burn by nearly half while keeping its Shaikan oil field offline since February 28, 2026, due to regional security concerns. The company maintains $66 million in cash after paying a $12.5 million di...
The US government, under the Trump administration, is demanding that AI company Anthropic completely block all jailbreaks of its advanced models, a demand experts say is technically impossible. Jailbreaks are methods to bypass AI safety filters, and ...
STRC, Strategy Inc.'s preferred stock tied to bitcoin, dropped to an intraday low of $82.53 on June 18, well below its $100 target. This sharp decline tested the variable dividend rate mechanism designed to keep the stock near par by adjusting payout...
Ethereum's price fell over 2% to trade near $1,696 after breaking below key technical supports like its rising channel and the 200-hour SMA. Institutional demand weakened as spot Ethereum ETFs saw $12.77 million in outflows, with large holders reduci...
Solana (SOL) fell below $70 after reaching a recent high of $75.60, pressured by the Federal Reserve's decision to keep interest rates steady and signal possible future hikes. Despite the price drop, institutional demand remains strong with $7.11 mil...
