NYMEX July WTI fell $2.50 to $90.54/bbl (-2.69%); ICE Brent August fell $1.94 to $93.09/bbl (-2.04%) at the close on the 5th.

June 5 — Lüliang, Shanxi held a meeting to tighten local responsibility for coal-mine safety, assess current safety conditions and deploy priority tasks. The city ordered implementation of the Lüliang coal-mine safety responsibility implementation checklist (trial) and mandated three tiers of meetings — local authorities, supervisory agencies and company principals — to reinforce warning education, tiered management, clarify responsibilities and key control points, and ensure tasks are executed. Counties must produce action plans; functional departments must enforce the directives at every enterprise and require firms to issue work plans and fulfill tasks. City and county authorities will jointly intensify supervision of checklist and meeting compliance, and use the provincial coal-mine safety risk rectification campaign to resolutely crack down on illegal operators and to investigate and punish dereliction of duty, including public officials who act as “protective umbrellas.”

Sources say California and New York are among the states preparing to sue to block the Paramount deal.