Carnelian Energy Closes Fourth Fund at $975 Million Upsized Hard Cap
Carnelian Energy Capital Management LP closed its oversubscribed and upsized fourth...
Carnelian Energy Capital Management LP closed its oversubscribed and upsized fourth fund, Carnelian Energy Capital IV LP, with $975 million of capital commitments.
Houston-based Carnelian is an energy investment firm managing a family of private equity funds focused on investments across the North American energy sector.
Founded in 2015, Carnelian Energy Capital has approximately $2.8 billion of cumulative capital commitments, according to the release.
Elon Musk wants to buy Twitter in a deal valuing the social-media company at more than $43 billion
Shares of Twitter Inc. soared Thursday, after the social-media platform’s largest...
Shares of Twitter Inc. soared Thursday, after the social-media platform’s largest shareholder, Elon Musk, disclosed a bid to buy the remainder of the San Francisco–based company’s stock that he doesn’t already own so he can transform it into the world’s “platform for free speech.”
Musk, the “techno king” of Tesla Inc. and founder of SpaceX, also indicated that if his “best and final” bid isn’t accepted, he might sell off his stake.
Oil futures lost ground early Thursday, pulling back from two-week highs as investors...
Oil futures lost ground early Thursday, pulling back from two-week highs as investors assessed the supply outlook.
West Texas Intermediate crude for May delivery was down $1.21, or 1.2%, at $103.04 a barrel on the New York Mercantile Exchange.
June Brent crudefell $1.42, or 1.3%, to $107.36 on ICE Futures Europe. Both Brent and WTI ended at their highest since March 30 on Wednesday, based on front-month contracts.
Volumes were expected to be subdued at the end of a holiday-shortened week, with most markets set to be closed on Good Friday.
Unprecedented Helium Shortage Could Send Prices Sky-High
Worth 100x more than natural gas, the shale boom has taken on a new angle for exploration and production,...
Worth 100x more than natural gas, the shale boom has taken on a new angle for exploration and production, with the critical level of helium supplies igniting a land rush that could determine the future of innovation itself.
The bulk of the world’s helium reserves are found in natural gas fields, which means that these fields now have double the potential–and double the interest from a national security perspective.
Supply is now at a critical level, and the Russian war on Ukraine is compounding the supply crunch, stripping us of more global helium resources as the natural gas it is extracted with is hurriedly shipped off to Europe to stave off a crisis without stripping and liquifying the helium.
MarketWatch: U.S. Crude-Oil Inventories Climb by 9.4 Million Barrels
U.S. crude-oil inventories increased much more than expected last week as refiners surprisingly...
U.S. crude-oil inventories increased much more than expected last week as refiners surprisingly hit the brakes on activity, according to data released Wednesday by the Energy Information Administration.
Crude-oil stockpiles jumped by 9.4 million barrels to 421.8 million barrels, and are now about 13% below the five-year average, the EIA said. Analysts surveyed by The Wall Street Journal had predicted crude stockpiles would rise by just 400,000 barrels from the prior week.
Oil stored at Cushing, Okla., the delivery point for U.S. stocks, rose by 450,000 barrels from the previous week to 26.3 million barrels, the EIA said in its weekly report.
U.S. crude-oil production was unchanged from the previous week at 11.8 million barrels a day, according to the EIA.
