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Energy, Oil, Financing, Banks, Wall Street, Lending, Fossil Fuel

Energy, Oil, Financing, Banks, Wall Street, Lending, Fossil Fuel

Energy Lending Shrinks as Upstream Spending Declines

Presidio, SPAC, Merger, Panhandle

Presidio, SPAC, Merger, Panhandle

Presidio Targets Public Debut in $660M SPAC Deal

Chevron, Exxon, Europe, Oil, Production

Chevron, Exxon, Europe, Oil, Production

Exxon, Chevron Raise Production as Europe Falls Behind

At least four tankers discharged millions of barrels of Russian crude at Indian refineries over the weekend, even as pressure ramps up by USA

At least four tankers discharged millions of barrels of Russian crude at Indian refineries over the weekend, even as pressure ramps up by USA

Tankers Deliver Russian Crude to India Despite USA and EU Pressure

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What Else is Brewing Friday Morning
Amazon is launching (literally) its Starlink competitor next...
Amazon is launching (literally) its Starlink competitor next week. The tech giant that once only sold books announced that the first batch of its constellation of internet satellites will lift off on April 9 on an Atlas V rocket, provided the weather cooperates. The initiative, dubbed Project Kuiper, will pit Amazon against SpaceX’s Starlink in seeking to provide the world with broadband internet from low Earth orbit. Project Kuiper will eventually boast 3,200 satellites, covering much of the globe. Starlink currently has over 7,000 satellites in orbit with plans for as many as 42,000.

Microsoft is reportedly pulling back on data center projects around the world as it reexamines its AI plans.

Hershey reportedly bought the popcorn brand LesserEvil for $750 million.

The 2031 Women’s World Cup will be held in the US, while the 2035 tournament will be in the UK, FIFA announced.

The White House fired six National Security Council officials after President Trump met with far-right activist Laura Loomer in the Oval Office, CNN reported.

Bruce Springsteen revealed that he will release seven “lost” albums of unreleased music this summer.
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Top Court Ousts South Korean President, Upholding His Impeachment
South Korea’s top court voted unanimously to dismiss...
South Korea’s top court voted unanimously to dismiss the country’s impeached president, Yoon Suk Yeol, on Friday, clearing the way for the key American ally to elect a new leader after months of political turmoil that has tested its democratic guardrails.

In a ruling that millions of South Koreans watched on live television, the Constitutional Court’s eight justices endorsed the National Assembly’s decision to impeach Mr. Yoon for his failed attempt to place his country under martial law in December. With that ruling, Mr. Yoon, who had been suspended from office since the parliamentary vote on Dec. 14, was formally unseated.
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Natural Gas Price Forecast: Bullish Reversal Signals Further Upside Potential
Natural gas held up well on Thursday, given global market turmoil following...
Natural gas held up well on Thursday, given global market turmoil following a new announcement on tariffs from the U.S. It looks like a bearish pullback low was established at $3.93 this week, as a bullish reversal of an inside day triggered on Thursday. Subsequently, a three-day high of $4.20 was reached before an intraday pullback began.

The bullish one-day reversal also reclaimed the 20-day MA at $4.07. A daily close above Wednesday’s high of $4.09 will confirm the bullish reversal, and a daily close above the 20-Day line will confirm that breakout. Although weakness followed the daily high, natural gas continues to trade in the top half of the day’s trading range defined by the $4.09 midpoint. Natural Gas Pricing HERE

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Crude oil loses most since July 2022 as tariffs, OPEC output hike make 'perfect bearish cocktail'
Crude oil fell sharply on Thursday to reach a pullback low of $66.17, before signs of support were seen....
Crude oil fell sharply on Thursday to reach a pullback low of $66.17, before signs of support were seen. That low was a 17-day low, meaning that the decline took out the lows of the prior 16 days with little hesitation. Crude oil fell for most of Thursday’s session until a minor bounce started heading towards the close for the day.

Nonetheless, at the time of this writing, sellers remain in control with crude oil continuing to trade in the lower third of the day’s price range. This very bearish behavior triggered a bearish reversal on the weekly chart and established a bearish outside week. A weekly close tomorrow, below last week’s low of $68.25, would confirm the bearish weekly signal.

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S&P 500 logs worst day since 2020 as Trump's tariffs send U.S. stocks plunging
Stocks closed sharply lower on Thursday as President...
Stocks closed sharply lower on Thursday as President Donald Trump's latest tariffs rocked Wall Street, with the S&P 500 posting its worst daily drop since mid-2020, according to Dow Jones Market Data.

Bond yields sank as investors flocked to haven government debt, fueled by growing worries that the U.S. economy could falter amid the uncertain backdrop for global trade.

According to FactSet data, the Dow Jones Industrial Average shed 1,679.39 points, or 4%, to end at 40,545.93.

According to Dow Jones Market Data, the S&P 500 skidded 274.45 points, or 4.8%, to 5,396.52, logging its biggest daily drop since June 11, 2020.

The Nasdaq Composite Index shed 1,050.44 points, or 6%, to 16,550.61, its biggest daily drop since March 16, 2020.
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