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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

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Current price of oil as of June 11, 2026

1

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

2

Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

3

Current price of oil as of June 11, 2026
climate change

July was the hottest month in the hottest year on record

By Ryan Daly
August 20, 2015, 5:19 PM ET
California's Central Valley Heavily Impacted By Severe Drought
FIREBAUGH, CA - APRIL 24: Dry cracked earth is visible near an almond orchard on April 24, 2015 in Firebaugh, California. As California enters its fourth year of severe drought, farmers in the Central Valley are struggling to keep crops watered as wells run dry and government water allocations have been reduced or terminated. Many have opted to leave acres of their fields fallow. (Photo by Justin Sullivan/Getty Images)Photograph by Justin Sullivan — Getty Images

A recent report from NOAA states that this July was the hottest month in the hottest year ever—as far as we can tell. Equipment and climatology data can only go back so far, but as NOAA reports, “the combined average temperature over global land and ocean surfaces for July 2015 was the highest for July in the 136-year period of record.”

How hot was it?

“At 1.46°F above the 20th century average of 60.4°F, it surpassed the previous record set in 1998 by 0.14°F,” writes NOAA.

Being that July is the warmest month of the year globally, the monthly global temperature “of 61.86ºF was also the highest among all 1627 months in the record that began in January 1880.” Additionally, the global temperature of July is “increasing at an average rate of 1.17ºF per century,” according to an NCDC report.

 

This year saw many record-breaking heat waves across Western and Southern Europe. In France, for example, “the country had its third warmest July in its 116-year period of record.”

Austria recorded the hottest July since records even began in 1767.

Not only was July the hottest, but also “the first seven months of 2015 comprised the warmest such period on record across the world’s land and ocean surfaces.”


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