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Energy, Oil, Financing, Banks, Wall Street, Lending, Fossil Fuel

Energy, Oil, Financing, Banks, Wall Street, Lending, Fossil Fuel

Energy Lending Shrinks as Upstream Spending Declines

Presidio, SPAC, Merger, Panhandle

Presidio, SPAC, Merger, Panhandle

Presidio Targets Public Debut in $660M SPAC Deal

Chevron, Exxon, Europe, Oil, Production

Chevron, Exxon, Europe, Oil, Production

Exxon, Chevron Raise Production as Europe Falls Behind

At least four tankers discharged millions of barrels of Russian crude at Indian refineries over the weekend, even as pressure ramps up by USA

At least four tankers discharged millions of barrels of Russian crude at Indian refineries over the weekend, even as pressure ramps up by USA

Tankers Deliver Russian Crude to India Despite USA and EU Pressure

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America’s first big offshore wind farm is up and running
A new turbine off the coast of Martha’s Vineyard started delivering electricity to the New England...
A new turbine off the coast of Martha’s Vineyard started delivering electricity to the New England power grid last week, marking the kickoff of the country’s first large-scale commercial wind farm. By the end of the year, Vineyard Wind 1 aims to have 62, 800-foot turbines spinning, which it says will power 400,000 homes in Massachusetts. The wind farm became the first US offshore wind initiative to receive complete federal approval back in 2021—previous projects failed to launch.
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Phillips 66 CEO bullish on refining as non-core sale mulled
Phillips 66 is engaged in discussions regarding a potential sale of its non-core assets, which are valued...
Phillips 66 is engaged in discussions regarding a potential sale of its non-core assets, which are valued at $3 billion, according to CEO Mark Lashier. Additionally, Lashier conveyed optimism about its refining business for the upcoming year and expressed confidence in the long-term potential of its CP Chemical joint venture with Chevron.
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EOG exec: US oil growth to decline sharply in 2024
EOG Resources President Billy Helms expects US oil production growth to slow down significantly in 2024,...
EOG Resources President Billy Helms expects US oil production growth to slow down significantly in 2024, potentially amounting to less than 50% of last year's estimated 900,000-barrel-per-day increase. EOG plans to hold activity steady in core regions this year, although it may pursue an expansion in the Utica Shale, Helms told investors.
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Alaska Airlines Grounds Fleet of Boeing 737 Max 9 Jets After Midair ‘Incident’
Alaska Airlines grounded its fleet of Boeing 737 Max 9 aircraft on Friday after a flight operated by...
Alaska Airlines grounded its fleet of Boeing 737 Max 9 aircraft on Friday after a flight operated by the airline made an emergency landing at Portland International Airport in Oregon that evening because of a midair pressure problem that passengers said blew out a chunk of the fuselage.

Within hours, the company said that it was grounding all 65 of its Boeing 737 Max 9 aircraft until it could inspect each plane. Those planes make up about a fifth of its fleet. It said in a statement that it expected to complete the inspections within a few days.
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Closing Oil & Gas Prices for Friday
Benchmark U.S. crude oil for February delivery...
Benchmark U.S. crude oil for February delivery rose $1.62 to $73.81 per barrel Friday. Brent crude for March delivery rose $1.17 to $78.76 per barrel.

Wholesale gasoline for February delivery was unchanged at $2.11 a gallon. February heating oil rose 2 cents to $2.61 a gallon. February natural gas rose 7 cents to $2.89 per 1,000 cubic feet.

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