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• Offshore investment slump sparks energy security worries
  An E&E News analysis shows a 30% decrease in permits issued for new offshore oil and gas wells during...
  An E&E News analysis shows a 30% decrease in permits issued for new offshore oil and gas wells during the first two years of the Biden administration compared to the equivalent period under the Trump administration. Unfavorable policies are deterring companies from making long-term, capital-intensive investments in the US Gulf of Mexico, said American Petroleum Institute Vice President of Upstream Policy Holly Hopkins, calling this "a concerning trend for the future of American energy security."
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• Trans Mountain expansion moves closer to startup
  Canada's $22.6 billion Trans Mountain oil pipeline expansion will start filling its lines with approximately...
  Canada's $22.6 billion Trans Mountain oil pipeline expansion will start filling its lines with approximately 4.5 million barrels of oil in early 2024, a process expected to conclude within six to seven weeks. Despite previous concerns about additional delays, a spokesperson has confirmed that the project remains on track for commercial operations by the end of the first quarter of 2024.
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• ☕️What Else is Brewing Thursday Morning
  The last operational power plant in Gaza ...
  The last operational power plant in Gaza went offline yesterday, running out of fuel after Israel fully closed the two entry points into the area, prohibiting the transport of food, fuel, water, and more. The lockdown followed a surprise assault by Hamas over the weekend and the subsequent taking of hostages back into Gaza. See ongoing updates here.
  
  The UAW unexpectedly added nearly 9,000 workers at Ford’s largest truck plant to its strike in a major escalation against Detroit’s Big Three.
  
  Microsoft owes $29 billion in back taxes, according to the IRS.
  
  Disney has raised prices at its theme parks, including for parking and annual passes. The hike comes after Disney said it plans to invest $60 billion in the parks over the next decade.
  
  ACT scores for 2023 grads were the lowest since 1991. It was the sixth year in a row that scores on the test declined.
  
  Salman Rushdie has written a memoir about the knife attack at a literary event last year that left him blind in one eye. The book will be published on April 16.
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for November delivery...
  Benchmark U.S. crude oil for November delivery fell $2.48 to $83.49 a barrel Thursday. Brent crude for December delivery fell $1.83 to $85.82 a barrel.
  
  Wholesale gasoline for November delivery fell 5 cents to $2.21 a gallon. November heating oil fell 2 cents to $3 a gallon. November natural gas was unchanged at $3.38 per 1,000 cubic feet.
  
  
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• U.S. stocks eke out 4-day win streak as bond yields fall, CPI on deck
  U.S. stocks eked out a fourth straight day of gains on Wednesday...
  U.S. stocks eked out a fourth straight day of gains on Wednesday as investors combed through minutes of the Federal Reserve’s September policy meeting and awaited a key inflation update due Thursday. The Dow Jones Industrial Average DJIA advanced about 65 points, or 0.2%, ending near 33,804, after flipping between small gains and losses. The S&P 500 Index SPX gained 0.4% and the Nasdaq Composite Index closed 0.7% higher. That was the fourth straight day of gains for all three stock indexes. Likely bolstering stocks was the continued pullback of long-term Treasury yields, with the benchmark 10-year TMUBMUSD10Y rate retreating by 5.8 basis points to 4.596%, the lowest yield in almost two weeks.
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