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• Permian drillers make strides in cutting methane emissions
  Methane emissions intensity in the Permian Basin declined by more than 76% between 2011 and 2021 despite...
  Methane emissions intensity in the Permian Basin declined by more than 76% between 2011 and 2021 despite production more than tripling over that period, according to Texans for Natural Gas' annual analysis. Operators cut flaring intensity by more than 34% from 2020 to 2021, making the Permian the world's cleanest oil producing region and helping the US outperform other producing nations in flaring volume reductions, the report found.
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• ☕️What Else is Brewing This Thursday
  H&M pulled Justin Bieber merchandise from stores after the singer called it “trash” and said...
  H&M pulled Justin Bieber merchandise from stores after the singer called it “trash” and said he never signed off on it (a claim the retailer denies).
  
  Core Scientific, a publicly traded bitcoin mining company, has filed for bankruptcy as crypto prices have fallen and energy costs have soared.
  
  Israel’s Benjamin Netanyahu said he has put together a coalition government, minutes before his deadline to form one.
  
  These airlines are waiving change fees for travelers looking to rebook their holiday trips in light of the storm sweeping across the US.
  
  
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• SBF Associates Cooperating
  SBF’s associates are cooperating. In a major twist in the FTX saga, Carolyn Ellison...
  SBF’s associates are cooperating. In a major twist in the FTX saga, Carolyn Ellison and Gary Wang, two top lieutenants in Sam Bankman-Fried’s orbit, pleaded guilty to criminal fraud charges yesterday and are “cooperating” with authorities, US Attorney for the Southern District of New York Damian Williams said. These guilty pleas were announced while SBF was being extradited to the US from the Bahamas to face fraud and conspiracy charges in New York.
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• Mr. Zelensky goes to Washington
  Ukrainian President Volodymyr Zelensky day-tripped to Washington, DC, yesterday for his first foreign...
  Ukrainian President Volodymyr Zelensky day-tripped to Washington, DC, yesterday for his first foreign visit since Russia’s invasion of Ukraine began. Zelensky skipped Georgetown Cupcake, but he did meet with President Biden and addressed Congress, thanking “every American” for their support.
  
  Leaders hyping each other up and handshake photo ops are great, but why was Zelensky really in DC? Well, it’s quite simple: weapons. His trip is part of an effort to convince allies to supply the sophisticated weapons needed to fend off Russia’s intense attacks on Ukraine’s cities and its energy grid.
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• Energy Sector Commentary for Thursday
  The energy sector is off to a higher start, supported by strength in the...

  The energy sector is off to a higher start, supported by strength in the crude complex but weakness in the broader equity futures is keeping a cap on sentiment. The major averages are set to open in negative territory following the release of U.S. jobs data that came in hotter than expected.

  
  

  WTI and Brent crude oil are higher for the fourth-consecutive day amid concerns over tight supply just as a winter storm hits the United States. The drop in stockpiles as shown in yesterday’s EIA report comes as demand for heating oil is set to soar with a powerful winter storm hitting the United States. The storm is expected to bring sub-zero wind chills as far south as Texas and record-breaking forecast for Florida and the eastern states. In international news, Russian crude oil exports via the Transneft system - including pipelines and key outlets on the Baltic and Black seas as well as on the Pacific Ocean - might drop by 575,000 b/d in the first three months of 2023 compared to what was scheduled for the October-December period.

  
  

  Natural gas futures slipped lower in early trading as forecasts for warmer weather over the next two weeks in key consuming regions outweigh concerns over the incoming winter storm.

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