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• BlackRock: Transition investment must hit $4T per year
  The world invested $1.8 trillion in the energy transition last year,...
  The world invested $1.8 trillion in the energy transition last year, but that figure needs to hit $4 trillion per year by 2035, according to BlackRock's latest Investment Institute Transition Scenario. The report emphasizes the importance of public-private partnerships, blended finance and stable policies like the Inflation Reduction Act. It also recognizes a large investment opportunity in the Asia-Pacific region.
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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 55 cents to $82.81 per barrel Wednesday. Brent crude for June delivery fell 40 cents to $88.02 per barrel.
  
  Wholesale gasoline for May delivery was unchanged at $2.73 a gallon. May heating oil fell by 3 cents to $2.55 a gallon. May natural gas fell 16 cents to $1.65 per 1,000 cubic feet.
  
  
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• S&P 500, Nasdaq eke out third straight day of gains in mixed trading session
  U.S. stocks finished mixed on Wednesday after swinging between slight...
  U.S. stocks finished mixed on Wednesday after swinging between slight gains and losses, with the S&P 500 and Nasdaq Composite managing to advance for a third straight day.
  
  The Dow Jones finished down by 42.77 points, or 0.1%, at 38,460.92, for its first decline in the past five trading sessions.
  
  The S&P 500 closed up by about 1 point at 5,071.63.
  
  The Nasdaq Composite ended up by 16.11 points, or 0.1%, at 15,712.75.
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• Biden’s war on natural gas didn’t stop record use last year in the US
  Despite the work of the Biden administration and environmentalists against...
  Despite the work of the Biden administration and environmentalists against the use of natural gas, the U.S. had a record use of it in 2023.
  
  The U.S. Energy Information Administration reported this week that in 2023, 89.1 billion cubic feet a day of natural gas was consumed in the U.S., the most on record. Since 2018, U.S. natural gas consumption has increased by an average of 4% annually.
  
  Monthly natural gas consumption set new records every month from March 2023 through November 2023. U.S. natural gas consumption has risen in the electric power sector as coal-fired electric-generating capacity has declined.
  
  Read More, on OK Energy Today
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• Future of proposed US deepwater ports in limbo
  Enterprise Products Partners...
  Enterprise Products Partners this month received a license for its proposed Sea Port Oil Terminal off Texas' coast, yet regulatory hurdles, rising costs, lack of commercial support and slowing shale production cast doubt on its and other similar projects' prospects of ever coming to fruition. "Between the current dock capacity along the US Gulf Coast, and the most aggressive production projections, it appears that one, at most two," could proceed, said Brett Hunter, oil export consultant at Energy Hunter.
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