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• Closing Oil & Gas Prices
  Benchmark...

  Benchmark U.S. crude oil for April delivery fell $1.79 to $81.68 per barrel Wednesday. Brent crude for May delivery fell $1.43 to $85.95 per barrel.

  
  

  Wholesale gasoline for April delivery fell 3 cents to $2.73 a gallon. April heating oil fell 6 cents to $2.70 a gallon. April natural gas fell 4 cents to $1.70 per 1,000 cubic feet.

  
  
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• Dow, S&P 500 and Nasdaq all end at record highs after Fed's policy announcement
  All three major U.S. stock indexes finished at their highest closing...
  All three major U.S. stock indexes finished at their highest closing levels ever for the first time in more than two years on Wednesday after Federal Reserve officials reiterated the prospect of three 2024 rate cuts.
  
  The Dow Jones Industrial Average rose 401.37 points, or 1%, to end at 39,512.13, based on preliminary data.
  
  The S&P 500 gained 46.11 points, or 0.9%, to close at 5,224.62 after breaking through the 5,200-mark for the first time.
  
  The Nasdaq Composite rose 202.62 points, or 1.3%, to end at 16,369.41.
  
  The last time all three indexes closed at record levels on the same day was Nov. 8, 2021.
  
  
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• CEO Mike Wirth details Chevron's geothermal initiatives
  Chevron is applying its expertise in traditional geothermal techniques...
  Chevron is applying its expertise in traditional geothermal techniques to geothermal pilot projects in California and Japan, chairman and CEO Mike Wirth revealed at CERAWeek. However, since conventional methods are only efficient in areas with high-quality resources, the company is also testing newer technologies such as fracking and horizontal drilling to access geologically complex formations, Wirth said.
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• ExxonMobil aims high in the Permian Basin
  ExxonMobil plans to boost its Permian Basin production to 2 million barrels...
  ExxonMobil plans to boost its Permian Basin production to 2 million barrels per day by 2027, Vice President of Global Exploration John Ardill said at CERAWeek. Also at the conference, ConocoPhillips CEO Ryan Lance said he expects US oil production to level off after topping 14 million bpd, projecting a 300,000 to 400,000 bpd increase in Permian Basin output this year.
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• Digital tech, collaboration drive value in energy industry
  As blockchain, generative AI and other digital technologies make inroads...
  As blockchain, generative AI and other digital technologies make inroads into the energy industry, companies are increasingly acknowledging the importance of collaboration in driving value creation, said Blockchain For Energy President and CEO Rebecca Hofmann during a session on digital technology at CERAWeek. Moreover, the integration of advanced analytics and digital solutions is redefining asset optimization, enabling interoperability and smoothing the transition to a dynamic and decentralized grid, according to experts on the panel.
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