Closing Prices For Crude Oil, Gold And Other Commodities
Benchmark U.S. crude oil for June delivery rose 28 cents to $83.85 per barrel Friday. :
Benchmark U.S. crude oil for June delivery rose 28 cents to $83.85 per barrel Friday. Brent crude for June delivery rose 49 cents to $89.50 per barrel. Wholesale gasoline for May delivery was unchanged at $2.76 a gallon. May heating oil was unchanged at $2.55 a gallon. May natural gas fell 3 cents to $1.61 per 1,000 cubic feet. Gold for June delivery rose $4.70 to $2,347.20 per ounce.
Diamondback Energy (fang): Oil Outlook Improving, But Stretched Valuation, Merger May Fail
In mid-2022, I published a bullish outlook on the oil and gas producer Diamondback Energy (NASDAQ:FANG) in "Diamondback Energy: Oil Producers To Benefit From Substantial Decline In Crude Reserve." At that time, I believed that crude oil prices would inevitably rebound due to the significant decline in total US storage levels and tepid production growth. Combined with rising exports to Europe, offsetting Russia, it seems likely that oil prices would not remain as low as they were then. Since that article was published, FANG has risen by around 73%, delivering a solid total return of about 80%.
Consortium Of 3 Li Ka-shing Firms Acquires Phoenix Energy, Northern Ireland’s Largest Natural Gas Distribution Network, For Us$941 Million | South China Morning Post
A consortium of CK Infrastructure, CK Asset Holdings and Power Assets Holdings is acquiring the largest natural gas network company in Northern Ireland. The deal is expected to be completed by the end of April.
The Oil And Gas Industry Might Be What’s Keeping Biden’s Economy Humming On Paper Despite ‘regulatory Assault’ | The Daily Caller
'Industry-killing domestic regulations':
Oil and gas production is stubbornly hanging on as a key source of economic growth amid a “regulatory assault” from the Biden administration that seeks to wean the U.S. off of fossil fuels, experts told the Daily Caller News Foundation. Real U.S. gross domestic product (GDP) grew 2.5% in 2023, with the states experiencing the most growth owing largely to their mining sectors, which include oil and gas extraction, according to data from the Bureau of Economic Analysis (BEA).
They're Trying To Stop Liquified Natural Gas Development And Exports
FOX Business host Larry Kudlow says if President Biden and his 'Green New Deal gang' are re-elected, the country could face 'massive electricity and other power shortages.'
Ai Boom To Fuel Natural Gas Demand In Coming Years, Report Says - Cna
FILE PHOTO: A flare burns excess natural gas in the Permian Basin in Loving County, Texas, U.S. November 23, 2019. Picture taken November 23, 2019. REUTERS/Angus Mordant/File Photo A spike in power usage from artificial intelligence (AI) data centers could significantly boost natural gas demand in the second half of the decade, analysts at investment banker Tudor Pickering Holt & Co said in a report on Tuesday. As much as 8.5 billion cubic feet per day of natural gas could be required additionally to match the rise in demand, the report added.
Malaysian Tycoon Shamsuddin’s Sapura Energy To Sell Gas Producer To Totalenergies For $705M
Malaysian tycoon Shahril Shamsuddin's Sapura Energy is selling 50% of natural gas producer SapuraOMV Upstream to TotalEnergies for $705 million.
Short-term Energy Outlook, April 2024 | Seeking Alpha
The EIA STEO was published recently. The estimate below is based on data from that report and statistics from the EIA International Energy Statistics. The EIA expects the 2018 peak for annual average World C+C output will be surpassed in 2025. This month, the EIA revised the 2022 global liquid fuels consumption data available in the International Energy Statistics, increasing the assessment of global oil consumption that year by nearly 0.8 million barrels per day (b/d) compared to last month's STEO.
Closing Prices For Crude Oil, Gold And Other Commodities
Benchmark U.S. crude oil for May delivery rose 41 cents to $83.14 per barrel Friday. :
Benchmark U.S. crude oil for May delivery rose 41 cents to $83.14 per barrel Friday. Brent crude for June delivery rose 18 cents to $87.29 per barrel. Wholesale gasoline for May delivery was unchanged at $2.71 a gallon. May heating oil rose 1 cent $2.54 a gallon. May natural gas fell 1 cent to $1.75 per 1,000 cubic feet. Gold for June delivery rose $15.80 to $2,413.80 per ounce.
Biden Administration Restricts Oil And Gas Leasing In 13 Million Acres Of Alaska’s Petroleum Reserve
The U.S. oil industry’s top lobbying group says new rules are 'misguided. ':
JUNEAU, Alaska — The Biden administration said Friday it will restrict new oil and gas leasing on 13 million acres of a federal petroleum reserve in Alaska to help protect wildlife such as caribou and polar bears as the Arctic continues to warm. The decision – part of a yearslong fight over whether and how to develop the vast oil resources in the state – finalizes protections first proposed last year as the Democratic administration prepared to approve the contentious Willow oil project.