Proposed oil, gas regulatory changes to watch in N.M.
Several proposed changes to oil and gas regulations are on the agenda as the New Mexico Legislature prepares...
Several proposed changes to oil and gas regulations are on the agenda as the New Mexico Legislature prepares to convene on Tuesday, with one draft bill prohibiting the use of freshwater for drilling activities deeper than the freshwater tables. Other recommended changes include penalizing gas and oil spills, enhanced wastewater management, higher royalty payments for production on State Trust lands, and prohibiting oil and gas production within one mile of a school.
Indian and Japanese refiners are turning to Murban crude due to its relatively low cost compared to WTI...
Indian and Japanese refiners are turning to Murban crude due to its relatively low cost compared to WTI Midland, which is being affected by disruptions to tanker routes due to unrest in the Middle East. Geopolitical discord is likely to lead to an increase in US crude supplies headed to Europe, while Asia depends more on Middle Eastern crude.
🛬The FAA plans to pay more attention to Boeing’s production.
Because none of us will ever be able to fly again without thinking about the moment a door plug blew...
Because none of us will ever be able to fly again without thinking about the moment a door plug blew off an Alaska Airlines plane midflight, the Federal Aviation Administration vowed to step up its oversight of Boeing. The agency plans to audit the production of 737 Max 9 planes to ensure Boeing and its suppliers are following safety rules. It will also review its longstanding policy of letting companies’ manufacturing workers conduct some of their own safety checks of planes. And, in further fallout from the incident, passengers who were on the scary flight have filed a lawsuit against Boeing, according to Bloomberg.
JPMorgan had its most profitable year ever. Earnings...
JPMorgan had its most profitable year ever. Earnings season began with a bang yesterday, as the four biggest banks in the US reported how they wrapped up 2023. JPMorgan Chase raked in $49.6 billion for the year—a 32% jump from 2022 that topped its previous record profit from 2021. But things weren’t so rosy everywhere: Citigroup posted a $1.8 billion loss for the final quarter and announced plans to lay off 20,000 employees. And Bank of America’s Q4 profit was $3.1 billion, which is 56% less than it made during the same quarter the year before. Wells Fargo boosted its profits for the quarter by 9%, but its costs also came in higher than expected
You’re probably somewhere cold. Winter storms and a polar vortex sweeping in prompted weather advisories in every state in the lower 48 yesterday.
The US is seeking the death penalty against Payton Gendron, who killed 10 Black people in a racially motivated shooting at a Buffalo supermarket. It’s the first time that federal prosecutors have been given permission to seek the punishment in a new case under the Biden administration.
The Supreme Court has agreed to hear a case over whether Starbucks must rehire pro-union employees who were fired.
EIA: Inventories of commercial crude oil rose last week
The Energy Information Administration reported a 1.3-million-barrel...
The Energy Information Administration reported a 1.3-million-barrel increase in crude oil stockpiles accompanied by an increase in gasoline and distillate inventories of 8 million barrels and 6.5 million barrels, respectively. Crude oil inventories remain about 2% lower than the five-year average for this time of year.
