More cooperation needed in addressing energy changes, IEF chief says

More cooperation will be essential as energy producing and consuming countries deal with economic growth, climate change, and the inevitable transition to renewable sources, International Energy Forum Sec.-Gen. Sun Xiansheng said. Source: News

MARKET WATCH: Crude oil benchmarks continue upward momentum

US and Brent oil prices rose for a fifth consecutive day June 28, which analysts attributed to a weekly US oil and product inventory report showing an increase in the amount of crude oil in storage despite the gain being less than what some had expected. Source: News

Linn, Citizen Energy to form SCOOP-STACK-focused Roan Resources

Linn Energy Inc., Houston, and Citizen Energy II LLC, Tulsa, have each agreed to contribute 70,000 net acres in Oklahoma to form Roan Resources LLC, an equally owned company focused on the Merge-SCOOP-STACK play of the Anadarko basin. Source: News