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• DOE cuts back SPR buy due to high oil prices
  The Energy Department announced it won't award oil supply contracts...
  The Energy Department announced it won't award oil supply contracts for Bayou Choctaw Strategic Petroleum Reserve in Louisiana in August and September due to high oil prices. The DOE had set its purchase price at $79 per barrel or below and had planned to buy 3 million barrels for the reserve site.
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• Drought in western Canada spills over to oil fields
  Four years of drought is creating problems for oil drilling in western...
  Four years of drought is creating problems for oil drilling in western Canada, which has resulted in restrictions and bans on using municipal water supplies for oil fields. "Oil and natural gas companies are actively increasing use of alternative water sources such as low-quality groundwater, municipal wastewater, and recycled produced water to reduce fresh water needs," said Richard Wong of the Canadian Association of Petroleum Producers.
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• April Nor'easter Arrives
  Almost 700,000 customers ...
  Almost 700,000 customers were without power across the Northeast yesterday as a powerful storm system brought high winds and more than 2 feet of snow to some locations in the region. Three people were killed in separate incidents after trees fell on their vehicles.
  
  Meteorologists said the storm was the biggest April nor'easter to hit the area since 2020. The weather phenomenon occurs when Arctic air carried southward from Canada by the jet stream meets warmer, moist air off the Atlantic coast. See a video from the Massachusetts coast here, along with photos from the upper Northeast. 
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• ☕️What Else is Brewing Friday Morning
  Apple might pivot to robots. The tech giant is considering...
  Apple might pivot to robots. The tech giant is considering a push into home robotics as its “next big thing” after its attempt to develop an electric car failed, Bloomberg reported. Among the projects reportedly in the works are a mobile robot that follows users around their homes and a robotic tabletop smart display. As demand for the iPhone, which accounted for 52% of the company’s $383 billion in sales last year, slows in key markets like China, Apple is trying to identify new long-term sources of revenue. The recently launched Vision Pro headset is not expected to become a cash cow for the company for several years.
  
  No Labels, the centrist group hoping to draft a presidential “unity ticket” to challenge Biden and Trump, is reportedly abandoning the effort after everyone it asked turned it down.
  
  The Oakland A’s announced they will play in Sacramento from 2025 through at least 2027, until their new stadium in Las Vegas is ready.
  
  Ford is delaying production of its all-electric SUV as it focuses on offering more hybrid options instead.
  
  KISS sold its song catalog to Pophouse, the Swedish company behind ABBA’s hologram concerts, for $300 million.
  
  Donald Trump’s attempt to get his election interference case in Georgia dismissed was rejected by an Atlanta judge. Similarly, his bid to get his classified documents case dismissed was denied by a federal judge.
  
  Alphabet is considering making an offer to buy HubSpot, the marketing software company valued at $35 billion, per Reuters.
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for May delivery ...
  Benchmark U.S. crude oil for May delivery rose $1.16 to $86.59 per barrel Thursday. Brent crude for June delivery rose $1.30 to $90.65 per barrel.
  
  Wholesale gasoline for May delivery rose 3 cents to $2.79 a gallon. May heating oil rose 1 cent to $2.74 a gallon. May natural gas fell 7 cents to $1.77 per 1,000 cubic feet.
  
  
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