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• Calif. facility pulls greenhouse gases out of the air
  The Central Valley of California is the site of the first US plant that sucks carbon dioxide from the...
  The Central Valley of California is the site of the first US plant that sucks carbon dioxide from the skies for the purpose of sealing it permanently in concrete. Heirloom Carbon Technologies hopes to spread its technology by "copying and pasting this basic design" to harvest millions of tons of greenhouse gases. A plant similar to Heirloom's is operating in Iceland.
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• LNG trade routes shift amid Panama Canal crunch
  Escalating fees and restrictions are prompting liquefied natural gas shippers to choose longer routes...
  Escalating fees and restrictions are prompting liquefied natural gas shippers to choose longer routes that bypass the Panama Canal. Bloomberg data show that the Cape of Good Hope has emerged as the preferred route among LNG shippers for the first time in two years.
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• US drillers cut oil rigs to lowest since Jan 2022 for second week
  U.S. energy firms this week cut the number of oil rigs operating for a second week in...

  U.S. energy firms this week cut the number of oil rigs operating for a second week in a row to the lowest since January 2022, energy services firm Baker Hughes said in its closely followed report on Friday.

  
  

  The combined oil and natural gas rig count, traditionally an early indicator of future output, fell by two to 616 in the week to Nov. 10, the lowest since February 2022, which puts the total rig count down 163, or 21%, below this time last year.

  
  

  The number of active rigs has dropped since December due to weaker energy prices and as many firms return profits to investors and pay down debt rather than spending to boost production. However, U.S. oil and gas production is still set to hit record highs this year as demand grows and the industry boosts efficiency to offset the impact of the lower prices.

  
  

  The number of oil rigs fell by two to 494 this week, while gas rigs were unchanged at 118.

  
  

  

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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for December delivery...
  Benchmark U.S. crude oil for December delivery rose $1.43 to $77.17 per barrel Friday. Brent crude for January delivery rose $1.42 to $81.43 per barrel.
  
  Wholesale gasoline for December delivery rose 3 cents to $2.19 a gallon. December heating oil rose 2 cents to $2.74 a gallon. December natural gas fell 1 cent to $3.03 per 1,000 cubic feet.
  
  
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• Dow ends nearly 400 points higher as tech rally leads stocks to highest close since September
  U.S. stocks ended sharply higher Friday, more than shaking off weakness seen in the previous session...
  U.S. stocks ended sharply higher Friday, more than shaking off weakness seen in the previous session in the aftermath of a poor Treasury bond auction and fresh signs that interest rates may stay higher for longer.
  
  Technology stocks drove the bounce, with the Nasdaq Composite leading major indexes to the upside as it and the S&P 500 logged their highest finishes since September.
  
  The Dow Jones Industrial Average DJIA rose 391.16 points, or 1.2%, to close at 34,283.10. The S&P 500 SPX ended with a gain of 67.89 points, or 1.6%, at 4,415.24. The Nasdaq Composite COMP advanced 276.66 points, or 2%, to finish at 13,798.10.
  
  The rally left the Dow with a weekly gain of 0.7%, while the S&P 500 advanced 1.3% and the Nasdaq booked a rise of 2.4%. The Dow saw its highest close since Sept. 20, while the S&P 500 ended at its highest since Sept. 19 and the Nasdaq at its highest since Sept. 14.
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