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• US Agrees $500 Million Loan Guarantee for Utah Hydrogen Storage Project
  The U.S. Department of Energy said on June 8 it has finalized a $504.4 million loan guarantee to...
  The U.S. Department of Energy said on June 8 it has finalized a $504.4 million loan guarantee to help finance the world's largest storage facility for hydrogen, a gas that can be produced with renewable power and used to generate electricity.
  
  Hydrogen can be burned as a fuel in power plants to reduce dependence on fuels like natural gas that emit large amounts of greenhouse gases when burned.
  
  The Advanced Clean Energy Storage project in Delta, Utah, is set to store green hydrogen and then burn it as a fuel for the Intermountain Power Agency's Renewed Project, a hydrogen-capable gas turbine, the combined cycle power plant intends to be fueled by 100% clean hydrogen by 2045.
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• Matador Resources to Acquire Permian Midstream Assets from Summit for $75 Million
  Matador Resources Co. agreed to acquire a gathering and processing system in New Mexico’s Eddy and...
  Matador Resources Co. agreed to acquire a gathering and processing system in New Mexico’s Eddy and Lea counties from Summit Midstream Partners LP for $75 million, adding to Matador’s midstream portfolio in the Permian Basin.
  
  
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• What else is brewing this Friday morning
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  • US auto safety regulators are expanding their investigation of Tesla’s Autopilot system after a series of new crashes involving first-responder vehicles.
  
  
  • President Biden wants to turn one of the country’s largest underwater canyons, 100 miles off of the New York coastline, into a national marine sanctuary.
  
  
  • A heat wave is going to bake the Southwest this weekend.
  
  
  • Stitch Fix is laying off 15% of salaried positions to save money in these tumultuous times.
  
  
  • The Grammys announced new awards, including “Songwriter of the Year” and “Best Score Soundtrack for Video Games and Other Interactive Media.”
  
  

  
  
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• Mortgage demand is at its lowest point in 22 years
  Over the last week, mortgage applications fell 7%, and ...
  Over the last week, mortgage applications fell 7%, and they're down 21% since last June.
  
  A traditional 30-year fixed mortgage saw average interest rates rise to 5.4% last week, compared to rates in the low 3% range around this time last year.
  
  The cost to buy a home has risen dramatically in 2022, which has resulted in a drop-off in demand.
  
  Or, more simply: there's been "a meltdown."
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• Closing Oil and Gas Prices for Thursday
  Benchmark U.S. crude oil for July delivery fell 60 cents to $121.51 a barrel Thursday. Brent crude for...
  Benchmark U.S. crude oil for July delivery fell 60 cents to $121.51 a barrel Thursday. Brent crude for August delivery fell 51 cents to $123.07 a barrel.
  
  Wholesale gasoline for July delivery rose 6 cents to $4.28 a gallon. July heating oil rose 9 cents to $4.40 a gallon. July natural gas rose 26 cents to $8.96 per 1,000 cubic feet.
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