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Energy, Oil, Financing, Banks, Wall Street, Lending, Fossil Fuel

Energy, Oil, Financing, Banks, Wall Street, Lending, Fossil Fuel

Energy Lending Shrinks as Upstream Spending Declines

Presidio, SPAC, Merger, Panhandle

Presidio, SPAC, Merger, Panhandle

Presidio Targets Public Debut in $660M SPAC Deal

Chevron, Exxon, Europe, Oil, Production

Chevron, Exxon, Europe, Oil, Production

Exxon, Chevron Raise Production as Europe Falls Behind

At least four tankers discharged millions of barrels of Russian crude at Indian refineries over the weekend, even as pressure ramps up by USA

At least four tankers discharged millions of barrels of Russian crude at Indian refineries over the weekend, even as pressure ramps up by USA

Tankers Deliver Russian Crude to India Despite USA and EU Pressure

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☕️What Else is Brewing Saturday Morning
Legendary actress Dame Maggie Smith has died at 89. The...
Legendary actress Dame Maggie Smith has died at 89. The English stage and screen star’s sons said she “passed away peacefully” in a hospital yesterday morning, noting she was a “private person” and not revealing her cause of death. Smith’s decades-spanning acting career included Oscar wins for her roles in The Prime of Miss Jean Brodie and California Suite. More recently, she gained a new crop of fans as Professor McGonagall in the Harry Potter films and the bon mot-spewing dowager countess in Downton Abbey.

The Chicago White Sox made history last night when they lost their 121st game of the season, making them the MLB team with the most losses since 1900. But you can comfort your Chicago friends with the fact that they’re not the biggest losers ever because in 1899, the “Cleveland Spiders” embarrassed arachnids everywhere by losing 134 games.

WeightWatchers CEO Sima Sistani, who struggled to guide the company through the Ozempic era despite embracing the popularity of weight loss drugs, is leaving the position after two and a half years.

NYC Mayor Eric Adams pleaded not guilty to federal charges that accuse him of accepting illegal money and perks from Turkey. Later in the day, his chief advisor’s phone was seized by investigators.

The US charged Iranian operatives with hacking Donald Trump’s campaign.

UFC’s parent company agreed to pay $375 million to settle a class action lawsuit accusing it of tamping down fighters’ pay by making it hard for them to accept offers from rival fight promoters.

Two climate activists from Just Stop Oil were sentenced to prison for throwing soup at a Van Gogh painting. Hours later, other activists from the group threw soup at two more of the painter’s works.

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Dow clinches record close as U.S. stocks book weekly gains
The U.S. stock market closed mixed Friday, with the Dow...
The U.S. stock market closed mixed Friday, with the Dow Jones Industrial Average finishing at a record peak after investors parsed fresh data showing inflation continued to cool in August.

The Dow Jones rose 137.89 points on Friday, or 0.3%, to close at 42,313, notching its 32nd record close of the year.

The S&P 500 slipped 7.2 points, or 0.1%, to finish at 5,738.17.

The Nasdaq Composite shed 70.70 points, or 0.4%, to end at 18,119.59.

For the week, the Dow and S&P 500 each gained 0.6% while the technology-heavy Nasdaq climbed 1%. All three major U.S. stock benchmarks booked a third straight week of gains.
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20 Dead as Destruction Spreads Across Southeast
On Friday, destruction...
On Friday, destruction from Tropical Storm Helene stretched nearly 800 miles from South Florida into the mountains of Appalachia. The huge storm spawned flash floods and mudslides on its dash inland after bashing the Gulf Coast.

In the densely populated Tampa Bay region, neighborhood after neighborhood was underwater, resulting from a powerful storm surge. And across North Carolina, over two million people were under flash flood warnings at midday Friday.
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Report: North Slope pipeline better than imports for Alaska
A recent analysis conducted by Wood Mackenzie for the Alaska Gasline...
A recent analysis conducted by Wood Mackenzie for the Alaska Gasline Development Corp. reveals that a proposed 807-mile pipeline from the North Slope would deliver significantly cheaper natural gas to Alaska's population centers compared to imports. Alaska's Cook Inlet, which currently supplies gas for heating and electricity to nearly half the state's population, is projected to run out of reserves by 2035.
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EIA: US gas exports held largely steady in H1 2024
The US exported an average of 12.6 Bcf/d of natural gas in the first half of 2024, a 1% increase over...
The US exported an average of 12.6 Bcf/d of natural gas in the first half of 2024, a 1% increase over the same period last year, according to the Energy Information Administration. Pipeline exports to Mexico grew by 7%, while imports from Canada rose 11%.

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