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• EIA Reports Lower Natgas Withdrawal
  The Energy Information Administration (EIA) on Thursday reported a lighter-than-average 91 Bcf withdrawal...
  The Energy Information Administration (EIA) on Thursday reported a lighter-than-average 91 Bcf withdrawal from U.S. natural gas storage facilities during the week ended Jan. 20. The print surpassed market expectations but still saw the year-on-five-year average surplus grow to 128 Bcf, or plus-4.9%.
  
  Total Lower 48 working gas in underground storage stood at 2,729 Bcf as of Jan. 20, according to EIA.
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• Next 5 years to bring massive US LNG expansion, BNEF says
  The liquefied natural gas export capacity of the US is expected to increase more than twofold to 186.2...
  The liquefied natural gas export capacity of the US is expected to increase more than twofold to 186.2 million short tons per year by 2027, surpassing Qatar's, with five projects on track for a final investment decision this year, according to BloombergNEF. US projects accounted for 89% of LNG contracting activity in 2022, as flexible contract terms, transparent pricing and supply reliability give US developers a competitive edge.
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• Alaska expects Cook Inlet production downtrend to persist
  The Alaska Division of Oil and Gas has predicted that state oil production will average 501,000 barrels...
  The Alaska Division of Oil and Gas has predicted that state oil production will average 501,000 barrels per day over the next five years, with the North Slope accounting for around 492,000 bpd of the total. However, oil production in the Cook Inlet, a critical feedstock for state refineries, is expected to trend lower in the next decade, having fallen from a 2016 peak of 16,585 bpd to average 9,406 bpd in the last fiscal year.
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• More companies announce layoffs: 
  And it’s not just the high-flying tech firms doing it. The toymaker Hasbro cut ...
  And it’s not just the high-flying tech firms doing it. The toymaker Hasbro cut about 15% of its global workforce after its holiday-season sales dropped 17% from the prior year. And IBM, Dow, SAP, and 3M all announced significant layoffs this week, citing the uncertain economic environment we just discussed.
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• ☕️What Else is Brewing Friday Morning
  The FBI announced it disrupted a major hacking group and prevented it from collecting more than $130...
  The FBI announced it disrupted a major hacking group and prevented it from collecting more than $130 million in ransomware payments. “We hacked the hackers,” Deputy US Attorney General Lisa Monaco said.
  
  Southwest Airlines booked a net loss of $220 million in the fourth quarter due to its late-December meltdown.
  
  Bed Bath & Beyond once again warned of bankruptcy after it said it didn’t have sufficient cash to pay down its debt.
  
  DoNotPay called off its plan to equip a defendant in court with its “robot lawyer,” citing threats of jail time.
  
  
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