Plains spends $725M to expand midstream capabilities
Plains All American Pipeline is building up its midstream presence in...
Plains All American Pipeline is building up its midstream presence in the Eagle Ford Shale, Permian Basin and Midcontinent region with three acquisitions worth around $725 million. The deals include EnCap Flatrock's Ironwood Midstream Energy, Medallion Midstream's Delaware Basin crude oil gathering assets and full ownership of Midway Pipeline.
It's too bad -- for America's future energy security and potential...
It's too bad -- for America's future energy security and potential economic growth -- that at its 11th hour the Biden administration took an action that could hamper US oil and natural gas development in decades to come -- withdrawing 625 million coastal acres from future offshore leasing, defying American voters and energy realities in one fell swoop.
All five living US presidents—Biden, Trump, Obama, Bush, and Clinton—were...
All five living US presidents—Biden, Trump, Obama, Bush, and Clinton—were in attendance yesterday as Carter was remembered at the Washington National Cathedral before his coffin was flown to his hometown of Plains, Georgia, for a final private service and burial. Carter, who was president from 1977 to 1981, was celebrated for his humanitarian work and commitment to peace. “Today, many think he was from a bygone era,” Biden said during a eulogy. “But in reality, he saw well into the future.” Social media was abuzz after Presidents Obama and Trump were seen chatting for several minutes before the ceremony.
Musk lowered expectations for DOGE cuts. The billionaire...
Musk lowered expectations for DOGE cuts. The billionaire co-head of the Department of Government Efficiency—a new advisory body meant to help President-elect Trump make cuts to the federal budget—has made his first cut: his own goals. In an interview, Musk admitted that cutting $2 trillion, as he originally planned, is unlikely, capitulating to the chorus of budget experts who have pointed out that the US government’s entire discretionary budget is only $1.7 trillion. Instead, Musk said he thinks there’s a “good shot” at cutting half of his initial $2 trillion goal. Per experts, DOGE would probably have to recommend cuts to popular programs like Medicaid to hit his target.
Ubisoft, the struggling video game company behind popular franchises like Assassin’s Creed, reportedly hired advisors to weigh strategic options, including a takeover.
Striking ski patrollers at Park City Mountain Resort in Utah returned to work after accepting a new labor contract that increases their pay.
Blackstone invested $300 million in DDN, valuing the AI data company at $5 billion.
Disney said its streaming platforms have a combined 157 million global users subscribing to ad-supported tiers—the first time the company has divulged that data.
Naomi Biden gave birth to a baby boy this week, making Joe Biden the first sitting president to become a great-grandfather.
Oil settles up 1% as cold weather in US, Europe drives winter fuel demand
Oil prices rose more than 1% on Thursday as cold weather...
Oil prices rose more than 1% on Thursday as cold weather gripped parts of the United States and Europe, boosting winter fuel demand.
Brent crude futures settled up 76 cents, or 1%, at $76.92 a barrel. U.S. West Texas Intermediate crude futures settled up 60 cents, or 0.82%, to $73.92.
On Wednesday, both benchmarks fell more than 1%.
Thursday's rise is "definitely winter fuel demand kicking in here in the U.S.," said John Kilduff, partner at Again Capital in New York.
Parts of east Texas up to west Virginia were under a winter storm warning on Thursday, according to the National Weather Service, covering large swathes of Arkansas, Tennessee and Kentucky.
Ultra-low sulfur diesel futures were trading at around $2.38 a gallon, their highest since Oct. 8, according to data from LSEG.
