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• ☕️What Else is Brewing Thursday Morning
  Warner Bros. Discovery and Paramount in talks...
  Warner Bros. Discovery and Paramount in talks for potential global merger; the combined valuation of the two media giants is over $38B (More) | Media mogul Byron Allen offers to buy BET Media from Paramount for $3.5B (More)
  
  Donald Trump’s Republican rivals defended the former president following a Colorado ruling that would keep him off the state’s presidential primary ballot. The ruling likely means the Supreme Court will have a big role in how the election proceeds.
  
  The IRS said it will waive $1 billion in late-payment penalties on back taxes from 2020 and 2021.
  
  Wells Fargo employees at an Albuquerque, New Mexico, branch voted to unionize in a first for a major bank.
  
  SiriusXM was hit with a lawsuit by the state of New York for making it too hard for customers to cancel subscriptions.
  
  A judge ordered the public release of the names of 150 people mentioned in court documents relating to Jeffrey Epstein, the late financier accused of sexual abuse.
  
  JN.1 is the Covid variant that’s spiking just in time to disrupt the holidays.
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• US oil boom alters Goldman's 2024 Brent price outlook
  Goldman Sachs has revised down its Brent crude price forecast for 2024 from...
  Goldman Sachs has revised down its Brent crude price forecast for 2024 from $92 per barrel to $81 per barrel on average, attributing the change to strong US oil production. However, the bank expects factors such as OPEC+ supply cuts, moderate US recession risk and a potential economic recovery in China to limit downward pressure on oil prices.
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• How Corpus Christi is navigating the energy export boom
  Since the 2015 end of the US' decades-long ban on most crude oil exports, the Texas...

  Since the 2015 end of the US' decades-long ban on most crude oil exports, the Texas city of Corpus Christi has flourished into the nation's oil export epicenter, handling more than half of the 4 million barrels per day of US crude exports in the first six months of 2023. Amid dreams of expansion, the city contends with the societal impacts of the energy industry's growth on certain neighborhoods and faces challenges, including an unsuccessful bid to host a federally funded hydrogen hub.

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• US crude exports surge amid year-end tax tactics
  Traders looking to sidestep a substantial year-end tax hit on...
  Traders looking to sidestep a substantial year-end tax hit on their inventories are fueling a surge in US crude exports from the Gulf Coast, with Kpler analyst Matt Smith projecting flows to potentially average as much as 5 million barrels per day in the final two weeks of the year. West Texas Intermediate crude is trading at a $4.50 per barrel discount to the global benchmark Brent, increasing its appeal to European and Asian refineries.
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• Closing Oil & Gas Prices for Wednesday
  Benchmark U.S. crude oil for February delivery...
  Benchmark U.S. crude oil for February delivery rose 78 cents to $74.22 per barrel Wednesday. Brent crude for February delivery rose 47 cents to $79.70 per barrel.
  
  Wholesale gasoline for January delivery was unchanged at $2.20 a gallon. January heating oil fell 1 cent to $2.71 a gallon. January natural gas fell 5 cents to $2.45 per 1,000 cubic feet.
  
  
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