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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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ConocoPhillips to develop another Alaska oil field
ConocoPhillips, Alaska’s top oil producer, announced...
ConocoPhillips, Alaska’s top oil producer, announced it plans to develop the Nuna field, a move that will add a predicted 20,000 barrels of oil to the state’s daily production.

The company has held the small field since acquiring it in 2019 from Dallas-based Caelus. Drilling at Nuna is set to begin late next year, followed soon after by oil production, the company said. Nearly 30 development wells are planned reported the Anchorage Daily News.

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New LNG export facility proposed offshore La.
Grand Isle LNG has proposed building a 4.62-million-short-ton-per-year liquefied natural gas export...
Grand Isle LNG has proposed building a 4.62-million-short-ton-per-year liquefied natural gas export facility offshore Plaquemines Parish, La., with first deliveries targeted for 2026. The project will be executed in two phases using a platform-based modular design approach, and all platforms and many components will be fabricated in Louisiana.
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Past few days rank among the worst for wildfire pollution in U.S. history
New York City was filled with reddish haze yesterday, with...
New York City was filled with reddish haze yesterday, with its worst air quality on record. A Broadway matinee was interrupted when its star had difficulty breathing, and some nighttime shows were canceled. Pro sports teams in both New York and Philadelphia postponed their games. In Binghamton, N.Y., a meteorologist said that the area around him “looks like Mars” and “smells like cigars.” In Toronto, residents awoke this week to find a thick layer of ash near open windows.

The immediate cause is a series of wildfires in Quebec and Ontario, which began burning weeks ago. The larger cause is the same one damaging the air quality in the West: a sharp increase in wildfires during the 21st century, caused partly by the hotter temperatures and drier conditions created by climate change.
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Closing Oil & Gas Prices for Wednesday
Benchmark U.S....
Benchmark U.S. crude oil for July delivery rose 79 cents to $72.53 a barrel Wednesday. Brent crude for August delivery rose 66 cents to $76.95 a barrel.

Wholesale gasoline for July delivery rose 8 cents $2.64 a gallon. July heating oil rose 3 cents to $2.40 a gallon. July natural gas rose 7 cents to $2.33 per 1,000 cubic feet.
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Stocks end mostly lower as rate-hike jitters return
U.S. stocks ended mostly lower Wednesday, feeling the pressure...
U.S. stocks ended mostly lower Wednesday, feeling the pressure after the Bank of Canada unexpectedly raised interest rates after a long pause, sparking concern the Federal Reserve also might not be done tightening policy.

Fed-funds futures traders look for the central bank to leave rates on hold next week, but have priced in a hike of at least 25 basis points at the subsequent July meeting. Those expectations rose after the Bank of Canada's decision to lift rates, citing stubborn inflation and strong consumer spending.

The Dow Jones Industrial Average shook off the gloom to rise around 92 points, or 0.3%. But the rate-sensitive Nasdaq Composite slumped 1.3%, while the S&P 500 shed 0.4%.

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