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• LNG, pipelines key to balancing oversupplied gas market
  At CERAWeek, energy leaders acknowledged that the natural gas market...
  At CERAWeek, energy leaders acknowledged that the natural gas market is oversupplied, but expressed confidence that upcoming liquefied natural gas export plants will boost demand and prices. New pipelines and other infrastructure are needed to alleviate congestion and facilitate the export of excess supplies, they said.
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• ☕️What Else is Brewing Tuesday Morning
  US–Israel tensions grow following UN cease-fire resolution. After...
  US–Israel tensions grow following UN cease-fire resolution. After the US abstained from voting and allowed the UN Security Council to approve a resolution demanding an immediate cease-fire in Gaza for Ramadan, Israel canceled plans for a high-level delegation to come to Washington, DC, to discuss Israel’s plans for a ground invasion of the southern Gaza city of Rafah. In addition to a cease-fire, the resolution calls for the release of the hostages being held by Hamas, something the US had vetoed past resolutions for failing to include. Though the US said the abstention did not represent a policy shift, it still angered the Israeli government, which has said it will not heed the resolution.
  
  The EU is investigating Apple, Meta, and Google under its strict new antitrust rules.
  
  Shohei Ohtani said he never bet on baseball or asked anyone to do it for him, in the Dodgers star’s first public statement since his interpreter was fired amid a gambling scandal.
  
  A California federal judge tossed out Elon Musk’s lawsuit against the Center for Countering Digital Hate, a watchdog group that claimed X allows hate speech, saying the case was about “punishing the Defendants for their speech.” Musk has a similar case pending against Media Matters.
  
  The NFL will eliminate the hip-drop tackle after team owners unanimously approved the ban.
  
  Spotify is adding classes to the things you can stream on the platform.
  
  Trader Joe’s raised the price of its bananas for the first time in 20+ years.
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for May delivery ...
  Benchmark U.S. crude oil for May delivery rose $1.32 to $81.95 per barrel Monday. Brent crude for May delivery rose $1.32 to $86.75 per barrel.
  
  Wholesale gasoline for April delivery rose 1 cent to $2.75 a gallon. April heating oil rose 3 cents to $2.68 a gallon. April natural gas fell 4 cents to $1.62 per 1,000 cubic feet.
  
  
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• MarketWatch: U.S. stocks close lower as Dow, S&P 500 log back-to-back declines
  The three major U.S. stock indexes closed lower on Monday, taking a breather...
  The three major U.S. stock indexes closed lower on Monday, taking a breather from a strong rally in the first quarter.
  
  The Dow Jones Industrial Average shed about 162 points, or 0.4%, ending near 39,313.
  
  The S&P 500 index fell 15 points, or 0.3%, closing near 5,218
  
  The Nasdaq Composite Index shed 44 points, or 0.3%, finishing at 16,384.
  
  On Friday, the Dow and S&P 500 closed lower, while the Nasdaq swept to its fifth record close of 2024.
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• Boeing CEO Dave Calhoun to step down, and the stock surges
  Shares of Boeing Co. rallied Monday, as the aerospace and defense giant’s...
  Shares of Boeing Co. rallied Monday, as the aerospace and defense giant’s chief executive, Dave Calhoun, said he will step down at the end of the year. The stock BA, 1.20% climbed 4.1%, to pace the S&P 500 index’s SPX premarket gainers.
  
  The company also announced several other management changes. The CEO of its commercial-airplaines business will retire, and the chairman of the board will step down.
  
  “The eyes of the world are on us, and I know that we will come through this moment a better company,” said Calhoun, who became Boeing CEO in January 2020.
  
  Source: MarketWatch
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