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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil...
  
  
  Benchmark U.S. crude oil for April delivery rose 70 cents to $78.61 per barrel Thursday. Brent crude for April delivery rose 64 cents to $83.67 per barrel.
  
  Wholesale gasoline for March delivery rose 4 cents to $2.33 a gallon. March heating oil rose 4 cents to $2.75 a gallon. March natural gas fell 4 cents to $1.73 per 1,000 cubic feet.
  
  

  
  

  
  
  
  
  
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• Dow, S&P 500 surge to record-high closes after Nvidia’s blockbuster earnings
  U.S. stocks surged Thursday, with the Dow Jones Industrial Average and...
  U.S. stocks surged Thursday, with the Dow Jones Industrial Average and S&P 500 indexes setting another round of records and the Nasdaq finishing just shy of its first record close since 2021, after Nvidia Corp.’s blowout earnings unleashed a wave of optimism that drove global markets higher.
  
  The Dow DJIA rose around 457 points, or 1.2%, to end near 39,069, according to preliminary figures.
  
  The S&P 500 SPX advanced around 105 points, or 2.1%, to finish near 5,087.
  
  The Nasdaq Composite COMP advanced around 461 points, or 3%, ending near 16,041. The index briefly traded above its record close of 16,057.44, set on Nov. 19, 2021.
  

  
  
  
  
  
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• NGL demand boosts midstream players' Q4 performance
  Robust demand for natural gas liquids contributed to a strong...
  Robust demand for natural gas liquids contributed to a strong fourth-quarter performance for midstream operators such as Enterprise Products Partners and Williams, prompting plans for further NGL infrastructure expansion. "We have NGLs growing at a faster pace than crude oil. We're seeing it across our system. Storage is going to become increasingly valuable," said Enterprise Products co-CEO and CFO Randy Fowler.
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• US gas firms' LNG outlook positive despite permits pause
  Despite the Biden administration's pause on new export permits, US natural...
  Despite the Biden administration's pause on new export permits, US natural gas producers remain optimistic about liquefied natural gas market growth, foreseeing minimal disruption to existing and under-construction projects. Projects such as Golden Pass LNG in Texas and Plaquemines LNG in Louisiana, expected to enter commissioning phase this year, will help nearly double feed gas demand from around 13 Bcf/d in 2023 to almost 25 Bcf/d by 2028, according to S&P Global Commodity Insights projections.
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• 🛩️ Execs who misuse the company jet could be in trouble.
  The IRS is cracking down on the companies that allegedly save millions...
  The IRS is cracking down on the companies that allegedly save millions by writing off personal PJ flights as business trips. Announced yesterday, the IRS’s audit of corporate plane usage will also hold accountable passengers who didn’t report the non-business trips on their tax forms. To parse through dozens of corporations’ business deductions, the IRS will use new tech developed with some of the $80 billion it received from the Inflation Reduction Act of 2022. Lawmakers already rescinded $20 billion of that funding, and the IRS is currently trying to convince Republicans in Congress that it’s worth letting them keep the rest.
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