Natural-gas futures extend gains as U.S. supplies fall more than expected
The U.S. ...
The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies fell by 217 billion cubic feet for the week ended Feb. 3. That compared with an average analyst forecast for a decline of 197 billion cubic feet, according to a survey conducted by S&P Global Commodity Insights. Total working gas stocks in storage for the latest week was at 2.366 trillion cubic feet, up 233 billion cubic feet from a year ago and 117 billion cubic feet above the five-year average, the government said. Following the data, March natural gas NGH23, 1.59% was up 6.3 cents, or 2.6%, at $2.459 per million British thermal units on the New York Mercantile Exchange. Prices traded at $2.443 before the supply data.
Continental Resources wins S.D. well drilling case
The Eighth Circuit Court of Appeals in St. Louis, Mo., reaffirmed a lower-court ruling in favor of Continental...
The Eighth Circuit Court of Appeals in St. Louis, Mo., reaffirmed a lower-court ruling in favor of Continental Resources in a suit brought by a South Dakota couple seeking compensation for use of and drilling-related damage to their land. Multiple agreements validated Continental's drilling on the land, the court ruled.
Critics ridiculed President Joe Biden for his off-script...
Critics ridiculed President Joe Biden for his off-script comment during his State of the Union address that oil and gas will be needed for "at least another decade," with Sen. Steve Daines, R-Mont., saying Biden is "living in a green hallucination." American Petroleum Institute President and CEO Mike Sommers reproached Biden for choosing to criticize "American businesses that employ millions of Americans, pay taxes and provide energy for the world," instead of using the SOTU address to bring the nation together.
Still don’t believe that generative AI is breaking new ground? When was the last time you saw a human make...
Still don’t believe that generative AI is breaking new ground? When was the last time you saw a human make a $100 billion mistake? Google showed off its answer to ChatGPT-infused Bing this week and things went…worse than expected.
In an advertisement Google released on Monday touting its new AI chatbot, Bard, the system made a factual error, confidently asserting that the James Webb Space Telescope snapped “the very first image of a planet outside our solar system”—although the milestone was actually reached 17 years before the JWST launched.
In response to the mistake, the company highlighted its rigorous testing process for Bard…which is kicking off this week. But between that and a hastily staged event (coming one day after Microsoft impressed with its souped-up Bing), Alphabet shares dropped ~8% yesterday, the most in over three months.
