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• Calif. allocates $100M to address abandoned well problem
  California state regulators will use $100 million from the state budget for a program to plug abandoned...
  California state regulators will use $100 million from the state budget for a program to plug abandoned oil wells, with a particular focus on disadvantaged communities near oil drill sites. The initial phase of the initiative aims to seal 370 out of the 5,300 identified orphaned or likely orphaned wells across the state.
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• Energy Sector Commentary for Friday
  The energy sector is off to a...

  The energy sector is off to a broadly higher start, supported by strength in the crude complex and in the major equity futures. U.S. stock index futures crept higher, setting the Dow on track for its tenth straight day of gains, while mega-cap growth and technology stocks recovered after sharp losses in the previous session. As earnings season continues to heat up, SLB beat analysts' estimates for quarterly profit as a rebound in offshore and international drilling activity boosted demand for its oilfield services and equipment, even as activity in North America declined.

  
  

  WTI and Brent crude oil futures are trading higher for the second-consecutive session buoyed by evidence of tightening supplies and economic stimulus in slow-recovering China.

  
  

  Natural gas futures are down in early trading, retreating from a 6% jump during the previous session as the NOAA's 6-10 day outlook shows a warming trend across the Midwest, Northeast, and Mid-Atlantic next week, with above-normal temps expected across most of the US, especially over the central Great Plains and Middle MS Valley.

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• US gains market share from Ukraine war's energy battle
  Europe's quest to tame its energy crisis has been a boon for US oil and LNG production and shifted global...
  Europe's quest to tame its energy crisis has been a boon for US oil and LNG production and shifted global energy trading patterns away from Russia as the Ukraine war has caused Russia to lose "the energy battle" with Europe, according to International Energy Agency executive director Fatih Birol. New York University research professor and energy expert Amy Myers Jaffe says that with the war putting energy security front and center, the US "came out ahead with rising oil and gas exports and a new multibillion congressionally-mandated plan to win in clean tech."
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• API poll: Most Americans favor domestic O&G production
  A new poll conducted by Morning Consult for the American Petroleum Institute reveals that 90% of surveyed...
  A new poll conducted by Morning Consult for the American Petroleum Institute reveals that 90% of surveyed voters view oil and natural gas as major economic contributors, while 83% support the consideration of economic data in shaping energy policies and regulations. A similar majority of respondents also recognize the role of domestic energy production in reducing energy costs and enhancing energy security.
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• ☕️What Else is Brewing Friday Morning
  Blackstone became the first private equity firm to manage ...
  Blackstone became the first private equity firm to manage $1 trillion in assets.
  
  The Fed officially launched its instant payments system, FedNow. We previously wrote about what it means for you.
  
  Iraq and Sweden are locked in an escalating geopolitical dispute over the recent burning of a Quran in Stockholm.
  
  Domino’s cheapest pizza in the world costs 60 cents in Delhi, India.
  
  Animals on the loose: A suspected lioness was spotted hunting a boar in Berlin, sparking a massive police search. Meanwhile, a surfboard-hijacking otter is successfully eluding authorities in the Bay Area.
  
  
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