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• Chevron bolsters low-carbon tech drive with $500M fund
  Chevron Technology Ventures has committed $500 million to its third fund,...
  Chevron Technology Ventures has committed $500 million to its third fund, Future Energy Fund III, to invest in low-carbon technologies that support industrial decarbonization, emerging mobility, energy decentralization, and the circular economy. The fund will also target innovations in low-carbon fuels, advanced materials, and carbon conversion.
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• Sheffield: Higher prices unlikely to shake shale discipline
  Not even $200 per barrel oil prices will be enough to sway public independent...
  Not even $200 per barrel oil prices will be enough to sway public independent shale oil producers from their disciplined approach, said former Pioneer Natural Resources CEO Scott Sheffield at Columbia Global Energy Summit in New York. One counterexample is ExxonMobil's $59.5 billion acquisition of Pioneer, which Sheffield expects to result in 10% to 15% growth of Pioneer's assets within a year of the deal's closing.
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• BNEF: RSG on track to dominate US gas production
  As global demand for cleaner energy products grows, responsibly sourced...
  As global demand for cleaner energy products grows, responsibly sourced natural gas is expected to account for 45% of total US gas supply this year, an increase from 38% in 2023, according to a BloombergNEF report. With a premium of just around 10 cents per million British thermal units, RSG is the most affordable option for gas buyers seeking to mitigate Scope 3 emissions, the report states.
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• EIA Reports Build in Oil Inventory
  The U.S. Energy Information Administration reported the national crude...
  The U.S. Energy Information Administration reported the national crude stocks grew from 457.3 million barrels of oil reported on April 5 to 460 million barrels as of April 12. It marked another increase since March 29 when the national crude storage amounted to 451.4 million barrels.
  
  Cushing’s total of crude oil in storage was unchanged from the 33 million barrels reported on April 5. It remained at 33 million barrels and was only 200,000 fewer than March 29. It also compared to 31.7 million barrels reported by the EIA on March 1.
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• ☕️What Else is Brewing Thursday Morning
  Biden wants to triple tariffs on Chinese steel and aluminum. President...
  Biden wants to triple tariffs on Chinese steel and aluminum. President Joe Biden wants to boost the current 7.5% tariff on steel and aluminum imports from China to 25%, an idea he not-so-subtly introduced while campaigning in the battleground state of Pennsylvania, where US Steel is based. US Steel has become a thorny election issue for the president since the company’s efforts to sell itself to Japan’s Nippon Steel have drawn ire from unions and raised concerns over foreign ownership.
  
  The Senate dismissed the impeachment charges against Homeland Security Secretary Alejandro Mayorkas, bringing a swift end to Republicans’ effort to remove him from office over his handling of the Mexican border.
  
  House Speaker Mike Johnson unveiled the bills he hopes to pass to secure aid for Ukraine and Israel despite conservative opposition within his own party. A final vote is expected on Saturday.
  
  The president of Columbia University was grilled on antisemitism by the same House committee whose questioning led to the resignations of the presidents of Harvard and UPenn.
  
  A Boeing whistleblower shared safety concerns with a Senate committee, telling lawmakers, “They are putting out defective airplanes.”
  
  Zepbound, Eli Lilly’s weight loss drug, also reduces sleep apnea, a new study found.
  
  Google employees were arrested while staging a sit-in to protest the company’s work with Israel.
  
  Disneyland staffers who dress as characters filed a petition to form a union.
  

  
  
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