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• EIA foresees dip in US gas output this year
  In 2023, US natural gas production increased by 4% to reach an average...
  In 2023, US natural gas production increased by 4% to reach an average of 125 Bcf/d, with Appalachia, the Permian Basin and the Haynesville Shale contributing 59% of the total production, according to the Energy Information Administration. However, the agency expects a slight production decline this year due to persistently low gas prices and relatively flat rig activity.
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• BLM targets oil, gas methane emissions with new rule
  The Interior Department's Bureau of Land Management has finalized a...
  The Interior Department's Bureau of Land Management has finalized a rule designed to reduce methane emissions from oil and natural gas operations on federal and tribal lands by tightening gas flaring limits and mandating improved leak detection methods. In response, American Petroleum Institute Vice President of Upstream Policy Holly Hopkins said, "API supports a smart regulatory framework for reducing methane emissions, but overlapping regulations and lack of coordination between policymakers could hinder progress, create unnecessary barriers to development on federal lands and result in regulatory incoherence."
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• Crypto’s floppy-haired fraudster gets 25 years
  Yesterday, a US district judge ...
  Yesterday, a US district judge sentenced Sam Bankman-Fried, the disgraced crypto king, to 25 years in prison. Prosecutors had asked for 40 to 50 years; Bankman-Fried’s lawyers fought for six.
  
  Once the CEO of crypto fund FTX, which fell into calamity as powerfully as it rose to prominence, “SBF” was convicted of fraud in November and held responsible for $10 billion in missing customer deposits. If he serves his full sentence, Bankman-Fried will be 57 when he gets out, but experts have said he’s unlikely to serve the whole time.
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• ☕️What Else is Brewing Friday Morning
  Stocks had their best Q1 in five years. The vibes...they’re...
  Stocks had their best Q1 in five years. The vibes...they’re good, folks. The S&P 500 ended Thursday—the last trading day of the quarter—up by more than 10%, marking its best start to a year since 2019. The AI craze, record corporate profits, and optimism around cooling inflation are all contributing to the stock boom. The economy got more good news yesterday when the Bureau of Economic Analysis reported that several key gauges, including GDP and consumer spending, grew in Q4 of last year. But that’s not all: Home sales bounced back after a January slump, jobless claims fell, and advertisers raised their full-year forecast. Consumer sentiment is now at its highest level since 2021.
  
  South Korean businesses are reportedly offering workers $75k bonuses for each baby they have amid the country’s population crisis.
  
  The Writers Guild of America sent a letter to Congress, demanding it do something about the threat of AI to its members’ jobs.
  
  The US changed how it categorizes people by race and ethnicity for the first time in 27 years in an effort to better count Americans with Hispanic, Middle Eastern, and North African heritage.
  
  Amazon plans to spend $150 billion on data centers over the next 15 years to keep its cloud computing edge over Google and Microsoft, Bloomberg reported.
  
  Kim Kardashian was sued by the Judd Foundation for allegedly promoting furniture as Donald Judd pieces when they were, in fact, knockoffs.
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for May delivery ...
  Benchmark U.S. crude oil for May delivery rose $1.82 to $83.17 per barrel Thursday. Brent crude for May delivery rose $1.39 to $87.48 per barrel.
  
  Wholesale gasoline for April delivery rose 8 cents to $2.76 a gallon. April heating oil rose 2 cents to $2.62 a gallon. May natural gas rose 4 cents to $1.76 per 1,000 cubic feet.
  
  
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