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• Diamondback Stockholders All in for $26B Endeavor Deal
  Diamondback Energy’s shareholders have spoken, approving the $26 billion...
  Diamondback Energy’s shareholders have spoken, approving the $26 billion merger with Endeavor Energy Resources LP that will add 344,000 net Midland Basin acres and about 2,300 core drilling locations.
  
  Pro forma, Diamondback’s oil production will grow to an average 468,000 bbl/d (816,000 boe/d) from 273,000 bbl/d (463,000 boe/d). Analysts at Stifel have said the combined company will have a market value of more than $50 billion.
  
  Diamondback said its stockholders approved the issuance of shares of Diamondback common stock in connection with the Endeavor merger, according to an April 26 press release.
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• ☕️What Else is Brewing Tuesday Morning
  Columbia suspends student protesters against the war in Gaza. Protesters...
  Columbia suspends student protesters against the war in Gaza. Protesters defied an afternoon deadline set by Columbia yesterday to break up their encampment and agree to follow school rules through the end of the semester, so the school said it began suspending students involved. However, the school did not call in police to clear the area, as the university’s leaders appeared to be trying not to repeat the escalation that occurred after protesters were arrested previously. Protests also continued at several other schools inspired by Columbia, including Cornell, which also suspended some participants, and the University of Texas at Austin, where police arrested demonstrators.
  
  Three officers on a US Marshals Task Force were fatally shot and five other officers were wounded in North Carolina while trying to serve a warrant to a felon for possessing a firearm.
  
  US regulators are investigating Ford’s hands-free BlueCruise system after fatal crashes.
  
  Grocery delivery service Getir is exiting the US and EU markets (both literal and figurative), where it struggled to gain traction, and is focusing on Turkey.
  
  Peacock will raise its prices by $2/month before the Olympics.
  
  The Supreme Court refused to hear an appeal from Elon Musk, leaving in place a settlement with the SEC that requires him to get approval before blasting out tweets about Tesla.
  
  Taylor Swift just keeps breaking records: Her songs are now in the top 14 of Billboard’s Hot 100, and with The Tortured Poets Department debuting at the top of Billboard’s chart, Swift is now tied with Jay-Z for the second-most No. 1 albums, behind only the Beatles.
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• What's Affecting Oil Prices This Week? (April 29, 2024)
  The price of Brent crude ended last week at $88.06 after closing the...
  The price of Brent crude ended last week at $88.06 after closing the previous week at $87.39. The price of WTI ended the week at $83.68 after closing the previous week at $83.24. The price of DME Oman crude ended the week at $89.99 after closing the previous week at $88.02.
  
  As we expected, the aftermath of the limited attack on Iran by Israel has resulted in reducing geopolitical tensions with Iran not responding with a counterattack. Also, the economic news of last week did not provide any additional support for oil prices.  READ MORE
  
  
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• ExxonMobil, Turkey discussing potential LNG deal
  Talks are underway between Turkey and ExxonMobil regarding...
  Talks are underway between Turkey and ExxonMobil regarding a potential multibillion-dollar deal for 2.8 tons of liquefied natural gas, according to the Financial Times. Turkey is trying to diversify its portfolio of suppliers, according to Energy Minister Alparslan Bayraktar.
  

  Turkey's reported deal with Exxon comes at a time when Russian exports to Europe are falling as Europe increases its LNG purchases from global producers to cut its imports of Russian pipeline gas in response to the conflict in Ukraine. Russian exports of liquefied natural gas (LNG) to Europe fell 1.9% to 15.8 million metric tons in 2023, according to LSEG data.
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for June delivery ...
  Benchmark U.S. crude oil for June delivery fell $1.22 to $82.63 per barrel Monday. Brent crude for June delivery fell $1.10 to $88.40 per barrel.
  
  Wholesale gasoline for May delivery fell 1 cent to $2.75 a gallon. May heating oil fell 2 cents to $2.53 a gallon. June natural gas rose 11 cents to $2.03 per 1,000 cubic feet.
  
  
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