US stock futures rise early Thursday following the Fed's latest interest rate decision....
US stock futures rise early Thursday following the Fed's latest interest rate decision. Meanwhile, Meta stock surged almost 19% in premarket trading after the company beat revenue estimates and announced a $40 billion stock buyback. Here are the latest market moves.
Earnings on deck: Alphabet, Apple, and Amazon, all reporting.
EIA: US crude, gas production took different paths in Nov.
US crude oil production slipped from a 31-month high of 12.41 million barrels per day in October to 12.38...
US crude oil production slipped from a 31-month high of 12.41 million barrels per day in October to 12.38 million bpd in November, while gross natural gas output in the contiguous US jumped by 0.2 Bcf/d to a record 112.2 Bcf/d during the month, the Energy Information Administration reported. EIA figures also show that domestic demand for crude and petroleum products increased by 178,000 bpd to 20.59 million bpd in November.
The Biden administration next year will start penalizing...
The Biden administration next year will start penalizing energy companies whose methane emissions exceed a certain threshold, but exactly how those emissions will be quantified remains unclear, since technologies that could make precise measurements are not yet fully developed. Even leaving aside their technical limitations, methane tracking and mitigation technologies face a variety of other challenges, including large-scale deployment and litigation risks.
How oil and gas fit into the energy transition puzzle
The oil and natural gas industry in Texas and the Permian Basin is a key player in the energy transition...
The oil and natural gas industry in Texas and the Permian Basin is a key player in the energy transition because the "oil and gas supplied today will help decarbonize power applications," said Joe Powell, founding director of the new University of Houston Energy Transition Institute. However, Texas and Permian operators must do more to address methane emissions to "show the world we can provide responsibly sourced energy," Powell added.
Benchmark U.S. crudeoil for March delivery fell $2.46 to $76.41 a barrel Wednesday. Brent crudefor April delivery fell $2.62 to $82.84 a barrel.
Wholesale gasoline for March delivery fell 12 cents to $2.45 a gallon. March heating oilfell 19 cents $2.95 a gallon. March natural gasfell 21 cents to $2.47 per 1,000 cubic feet.
