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• US oil production stability hinges on Permian growth
  Permian Basin crude output growth will help compensate for declines in...
  Permian Basin crude output growth will help compensate for declines in mature basins such as the Eagle Ford and Bakken Shale to keep US oil production steady into the 2030s, Enverus Intelligence Research forecasts. Undrilled Permian inventory could add around two million barrels per day of incremental supply by 2030, while geologically viable but unproven locations are seen as playing a key role in the basin's future growth.
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• ☕️What Else is Brewing
   Deadly storms are battering the South. Four people...
   Deadly storms are battering the South. Four people have died, dozens more have been injured, and thousands of homes and businesses are without power as severe thunderstorms and tornadoes torment a large part of the US, from North Carolina to Texas. The region has experienced 300 tornadoes since April 25, the most since 2011 and the second-most ever recorded. In total, 39 states and 98 million Americans were under some kind of severe weather risk this week, the Associated Press reported.
  
  TikTok will start labeling AI-generated content in an attempt to combat misinformation.
  
  Warner Bros. announced it will release a new Lord of the Rings movie in 2026, produced by Peter Jackson and directed by Andy Serkis, who played Gollum in the original trilogy.
  
  The 2023 Miss USA and Miss Teen USA both resigned just days apart, marking the latest in a series of controversies for the organization.
  
  Mortgage rates fell for the first time since March, to just over 7%.
  
  A Boeing 737 skidded off the runway in Senegal, injuring 11.
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for June delivery...
  Benchmark U.S. crude oil for June delivery rose 27 cents to $79.26 per barrel Thursday. Brent crude for July delivery rose 30 cents to $83.88 per barrel.
  
  Wholesale gasoline for June delivery rose 1 cent to $2.54 a gallon. June heating oil was unchanged at $2.48 a gallon. June natural gas rose 11 cents to $2.30 per 1,000 cubic feet.
  
  
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• Dow scores 7-day win streak as stocks move closer to reclaiming record territory
  U.S. stocks finished closer to reclaiming...
  U.S. stocks finished closer to reclaiming record territory on Thursday, with the Dow Jones Industrial Average advancing for a seventh straight session.
  
  Optimism around eventual Federal Reserve interest-rate cuts has been bolstering not only the blue-chip index, but small-cap stocks as well.
  
  The Dow Jones Industrial Average added about 331 points, or 0.9%, to end near 39,387.
  
  The S&P 500 gained nearly 26 points, or 0.5%, to finish around 5,214.
  
  The Nasdaq Composite rose about 43 points, or 0.3%, to close near 16,346.
  
  The small-cap Russell 2000 index advanced by about 17 points, or 0.9%, to about 2,072.
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• Equinor Acquires Stake in Standard Lithium Smackover Projects
  Equinor has acquired a 45% interest in two lithium projects in Arkansas...
  Equinor has acquired a 45% interest in two lithium projects in Arkansas and Texas under development by Standard Lithium, which aims to commercialize direct lithium extraction (DLE) technology in the U.S.
  
  As part of the agreement, Equinor said it would pay Standard Lithium $30 million to compensate for past project costs and interest. The Norway-headquartered company also said it will pay $33 million to progress the assets toward a possible final investment decision (FID) and up to another $70 million if FID is taken, according to a May 8 press release.
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