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☆ Cherry blossoms in Washington, DC, have hit ‘peak bloom,’ park service announces
▼ + stars: | 2024-03-17 | by ( Aileen Graef | Elisa Raffa | ) edition.cnn.com time to read: +2 min

CNN —The cherry blossoms lining the National Mall in Washington, DC, have hit “peak bloom,” bursting open in an early spring display after a warm winter, the National Park Service announced Sunday. “PEAK BLOOM! PEAK BLOOM! PEAK BLOOM! It is the cherry trees’ second-earliest peak bloom on record and follows one of Washington’s warmest recorded winters.

Persons: Yoshino Cherry, Roberto Schmidt Organizations: CNN, National Park Service, NPS, AFP, Getty, Climate Central, Cherry Blossom, West Potomac Locations: Washington ,, Washington , DC, Potomac, West, West Potomac Park

☆ Why axolotls are everywhere — but a rarity in the one lake they call home
▼ + stars: | 2024-03-16 | by ( Kate Golembiewski | ) edition.cnn.com time to read: +10 min

“They’re teenagers, at least in appearance, until they die.”Mexico's Lake Xochimilco is the only spot where axolotls are found in the wild. Daniel Cardenas/Anadolu/Getty ImagesWhile the wild axolotls of Lake Xochimilco have dwindled to near-extinction, countless axolotls have been bred for scientific laboratories and the pet trade. However, the axolotls you might find at a pet shop are different from their wild relatives in Lake Xochimilco. That means that the axolotl extinction crisis can’t simply be solved by dumping pet axolotls into Lake Xochimilco. (Plus, the pet axolotls likely wouldn’t fare well with the poor habitat conditions in the lake.)

Persons: Randal Voss, Voss, “, ’ ”, Xolotl, “ ACK, uhl, ” Voss, Hector Vivas, they’re, Luis Zambrano, ” Zambrano, Daniel Cardenas, they’ve, Axolotls, Zambrano, axolotls, ”, ” Kate Golembiewski Organizations: CNN, University of Kentucky College of Medicine, “, Aztecs, National Autonomous University of Mexico, Mexico City, International Union for Conservation of Nature, Axolotl, Amphibians Conservation, Anadolu, Getty Locations: Mexican, Xochimilco, Mexico City, It’s, Lake Xochimilco, Mexico, French, Europe, California , Maine , New Jersey, Washington, Minecraft, Chicago

☆ National Park Service set to remove nearly 160 cherry trees in DC to repair seawall
▼ + stars: | 2024-03-14 | by ( Shania Shelton | Rachel Ramirez | ) edition.cnn.com time to read: +4 min

CNN —The National Park Service is gearing up to remove nearly 160 cherry trees in Washington, DC, in an effort to repair the city’s deteriorating seawalls, the agency announced Wednesday. More than 450 trees, including 274 cherry trees, will be replanted in the area when the project is finished, the NPS said in a statement. “And there will be an enormous increase in the number of trees that are out there.”Rising sea levels and warming temperatures threaten the thousands of cherry trees in Washington, DC. Construction around the Tidal Basin will remove about 140 cherry trees between the Thomas Jefferson Memorial and the Franklin Delano Roosevelt Memorial. The tree removal effort comes as the annual National Cherry Blossom Festival is set to take place from March 20 to April 14, bringing crowds to the area.

Persons: we’re, ”, Mike Litterst, ” Litterst, Thomas Jefferson, Franklin Delano Roosevelt, weren’t, Litterst, “, Derek Van Dam Organizations: CNN, National, Service, West Potomac, Cherry Blossom, NPS, National Mall, Memorial Parks, Thomas Jefferson Memorial, Franklin Delano Roosevelt Memorial, National Oceanic, Atmospheric Administration, Seaboard, DC, Great American, Fund Locations: Washington , DC, Potomac, West, West Potomac Park, Washington ,, —, “

HOMESTEAD, Fla. (AP) — A man visiting the Florida Everglades is recovering after being bitten by a crocodile after falling off a boat, officials said. The attack occurred Sunday afternoon at the Flamingo Marina in Everglades National Park, according to a National Park Service news release. The 68-year-old ma capsized his sailboat in the marina basin and was attempting to swim to shore with his boat when witnesses saw him go under the water, officials said. Rangers and park biologists were investigating and monitoring the suspected crocodile. A federally threatened species, crocodiles are less common than alligators in Florida although their habitats do overlap.

Organizations: Flamingo, National Park Service, Miami, Dade, Rescue, Rangers, Associated Press Locations: Fla, Florida, Everglades

☆ The North Sea could become a 'central storage camp' for carbon waste. Not everyone likes the idea
▼ + stars: | 2024-03-04 | by ( Sam Meredith | Www.Linkedin.Com In Samuelmeredith | ) www.cnbc.com time to read: +7 min

The receiving dock at the Northern Lights carbon capture and storage project, controlled by Equinor ASA, Shell Plc and TotalEnergies SE, at Blomoyna, Norway, on Friday, Jan. 19, 2024. Offshore carbon capture and storage (CCS) refers to a range of technologies that seek to capture carbon from high-emitting activities, transport it to a storage site and lock it away indefinitely under the seabed. Storage tanks at the Northern Lights carbon capture and storage project, controlled by Equinor ASA, Shell Plc and TotalEnergies SE, at Blomoyna, Norway, on Friday, Jan. 19, 2024. Bloomberg | Bloomberg | Getty ImagesNorway has a long history of carbon management. Bloomberg | Bloomberg | Getty Images"There is definitely a public acceptance risk to storing CO2 onshore.

Persons: Terje Aasland, Aasland, Norway's Aasland, Børre Jacobsen, —, Jacobsen Organizations: Equinor ASA, Shell Plc, Bloomberg, Getty, Norway's Energy, CCS, Institute for Energy Economics, Workers, Northern Lights, Shell, Northern, Venture, CNBC, videoconference Locations: Blomoyna, Norway, Europe, videoconference, Brevik, Norwegian, Sleipner, U.S, Norway's, Longship

☆ CEO explains how Coterra manages unpredictable commodity pricing
▼ + stars: | 2024-03-04 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Coterra CEO Tom Jordan told CNBC's Jim Cramer on Monday how the oil and gas company deals with unpredictable commodity pricing, emphasizing the "flexibility" of its assets. The price of natural gas has been volatile over the past few months, and in February it hit its lowest level since 2020. But Jordan said Coterra is able to project stable revenue and cash flow because of its "asset quality" and "organization." Coterra announced during its most recent earnings report it would cut back its natural gas production and instead invest more heavily in oil. However, Jordan said the company is "well-positioned" and has plans in place to increase natural gas production if necessary.

Persons: Tom Jordan, CNBC's Jim Cramer, Jordan, Coterra

☆ Hot on the trail of cherry blossoms — peak times for 2024
▼ + stars: | 2024-03-02 | by ( Forrest Brown | ) edition.cnn.com time to read: +4 min

Editor’s note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. CNN —In travel news this week: Circling the calendar for peak cherry blossoms, a very rare peek at post-pandemic North Korea and the insightful confessions of a Vegas habitué. While peak bloom can still be up in the air, the dates for the National Cherry Blossom Festival are solidly locked down: March 20-April 14. Meanwhile, Japanese forecasters are out with their own cherry blossom, or sakura, predictions. 02:06 - Source: CNNIn the best of times, a visit to communist North Korea was a rarity.

Persons: Brandon Griggs, He’s, Willy Wonka Organizations: CNN, Washington , D.C, Bloom Watch, National Cherry Blossom, –, Air Albania, AAA Locations: Korea, Netherlands, France, Washington ,, Japan, Wharf, Kochi, Tokyo, wintry Sapporo, Dubai, Atlanta, Air, London, India, United States, North Korea, Russia, Pyongyang, Masikryong, North, Las Vegas, Sin

☆ A.I. Frenzy Complicates Efforts to Keep Power-Hungry Data Sites Green
▼ + stars: | 2024-02-29 | by ( Patrick Sisson | ) www.nytimes.com time to read: +1 min

Now, those arid ranch lands are offering a new moneymaking opportunity: data centers. Lancium, an energy and data center management firm setting up shop in Fort Stockton and Abilene, is one of many companies around the country betting that building data centers close to generating sites will allow them to tap into underused clean power. In the past, companies built data centers close to internet users, to better meet consumer requests, like streaming a show on Netflix or playing a video game hosted in the cloud. But the growth of artificial intelligence requires huge data centers to train the evolving large-language models, making proximity to users less necessary. But as more of these sites start to pop up across the United States, there are new questions on whether they can meet the demand while still operating sustainably.

Persons: ”, Ali Fenn Organizations: Netflix Locations: West Texas, Fort Stockton and Abilene, United States

☆ Oil prices inch higher as U.S. crude inventories rise, OPEC+ considers extending production cuts
▼ + stars: | 2024-02-28 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. Crude oil futures inched higher Wednesday as U.S. crude inventories rose while OPEC+ is considering extending its production cuts into the second quarter. April Brent futures rose 30 cents, or 0.36% to $83.97 a barrel. The market is waiting for the U.S. Energy Information Administration to publish official government data on crude inventories later this morning. A premium for immediate over later delivery is typically a sign of a tightening crude market.

Persons: Brent Organizations: West Texas Intermediate, American Petroleum Institute, U.S . Energy, Administration Locations: Loving County , Texas, U.S, OPEC

☆ Live Updates: Smokehouse Creek Fire grows rapidly in Texas
▼ + stars: | 2024-02-27 | by ( Christina Maxouris | ) edition.cnn.com time to read: +2 min

Different police and fire departments across Texas have mobilized units to help crews battle Smokehouse Creek Fire. Flower Mound Fire DepartmentThe ongoing wildfires have been largely driven by high winds and dry air. And high wind warnings and red flag warnings remain in effect in the region until 8 p.m. local time. "The Texas A&M Forest Service reports that several large wildfires ignited yesterday under warm, dry, and windy conditions across the Texas Panhandle," Texas Gov. A cold front that's pushing through the area Tuesday evening will bring cooler air and shift winds.

Persons: Greg Abbott, Chad Myers Organizations: Texas, M Forest Service, Texas Panhandle, CNN Locations: Texas, South Plains, Texoma, East Texas

☆ ‘From the Ashes’ exhibition is helping Indigenous communities in the Amazon Rainforest
▼ + stars: | 2024-02-27 | by ( Arya Jyothi | ) edition.cnn.com time to read: +5 min

The rest of it goes to the Indigenous Xingu community, primarily for firefighting equipment,” he said. Aislan Pankararu, Courtesy of Migrate Art and Christie'sThe Amazon rainforest, which is crucial for trapping and storing carbon emissions, is facing a tipping point by 2050 that could have devastating consequences. According to the non-profit Amazon Aid, the primary driver of wildfires in the Amazon rainforest is deforestation for agriculture, logging, and other economic opportunities. Butler visited the Amazon rainforest and its Indigenous Xingu communities two years ago. The collection also includes works made by members of the Indigenous community, such as three paintings by Kamo Waurá, a village shaman.

Persons: CNN —, Sarah Ball, Simon Butler, ”, they’re, Aislan Pankararu, Takumã, Butler, Piers Secunda, Takumā, Christie's, Kamo Waurá, “, ” Secunda Organizations: CNN, London’s Truman, Amazon Aid Locations: British, Brazil, London’s, London, Northeast Brazil, Iraqi Kurdistan

☆ The least-visited national parks in the United States in 2023
▼ + stars: | 2024-02-26 | by ( Marnie Hunter | ) edition.cnn.com time to read: +10 min

The state of Alaska — which covers 665,384 square miles (426 million acres) — is home to five of the 15 least-visited national parks for 2023. Wrangell-St. Elias National Park & Preserve, Alaska - 78,305 recreation visitsAmerica’s largest national park, Wrangell-St. Elias encompasses 13.2 million acres — or about the size of Yellowstone National Park, Yosemite National Park and Switzerland combined, the Park Service says. Dry Tortugas National Park, Florida - 84,285 recreation visitsThis island park in Florida is among 20 National Park Service sites that broke visitation records in 2023. Channel Islands National Park, California - 328,746 recreation visitsStretching over five islands and the surrounding ocean, Channel Islands National Park offer opportunities to hike, snorkel, kayak, birdwatch and more. While Pinnacles may rank among the 15 least-visited national parks, it gets very busy on weekends, holidays and throughout the spring, according to a notice on the park’s website.

Persons: Alaska’s Gates, “, ” Peter Christian, fa’asamoa, Gates, ”, Katmai, Brooks Camp, Elias, Lumir, Nabesna, McCarthy Organizations: CNN, &, CNN Travel, of, Park Service, National Parks, & Preserve, South Pacific, Hawaiian Airlines, Lake Clark, National Park Service, Getty, Isle Royale, NPS, Wolves, Elias, Park & Preserve, Yosemite National, Voyageurs National, Voyageurs National Park, ” Voyageurs, Voyageurs, Service, Channel Locations: Alaska’s, Fairbanks, Alaska, of American Samoa, South, Samoa, Smoky, Wild Rivers, American Samoa, Honolulu, , Alaska, Isle, Lake Superior, Isle Royale, Park , Michigan, Brooks, , Washington, Wrangell, St, Elias, Yellowstone, Yosemite, Switzerland, , Florida, Florida, Key, Fort Jefferson, , Nevada, Minnesota, Voyageurs National Park , Minnesota, Canada, Guadalupe, Park , Texas, Texas, Salt, , South Carolina, South Carolina, Congaree, There’s, Santa Cruz, , California, Southern California

☆ Tourists are paddle boarding and frolicking in one of Earth's driest locations after record rains
▼ + stars: | 2024-02-25 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

Read previewHeavy rainfall created a temporary lake in Death Valley National Park, one of Earth's driest locations, prompting travelers to take a potentially once-in-a-lifetime swim. The unexpected phenomenon began earlier this week at Death Valley's Badwater Basin after recent rainstorms battered California. Tourists wading through Death Valley's temporary lake. Tourists paddle boarding and wading in Death Valley's temporary lake. Two tourists sit beside Death Valley's temporary lake.

Persons: —, Ty ONeil, Andler, DAVID SWANSON, Heather, Bob Gang, Heather Gang, Guo Yu, hydrometeorology, Tiffany Pereira Organizations: Service, Lake Manly, National Park Services, Business, Associated Press, AP, Tourists, Research, Getty Locations: Death, California, Badwater, Lake, Lake Manley, Southern California

☆ They left the US for a new life abroad. Things didn’t all go to plan
▼ + stars: | 2024-02-24 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +4 min

Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. CNN —In travel news this week: trending flight routes around the world, the latest on Qantas’ record-breaking Project Sunrise, plus the Americans leaving the States behind for new lives overseas. She’s one of a number of influencers who’s struck a chord with people who love the fairytale fantasy of starting over with a new, better life. However, for the brave souls who take the plunge, things don’t always run smoothly or according to plan. But right now Death Valley National Park – the driest place in the country – is offering visitors a rare kayaking opportunity in a temporary lake in Badwater Basin.

Persons: “, ”, Kacie Rose Burns, who’s, skywatchers, you’re, Olivia, Noah, ” Expedia, there’s, There’s, Malcolm Park Organizations: CNN, Qantas, Expedia Group, Chicago, ”, Alaska Airlines, Ski Locations: America, United States, Italy, Chicago, Bahamas, North Carolina, Tennessee, Badwater Basin, North America, Los Angeles, Tokyo, Asia, Perth, Bali, Tampa, Toronto, Nevada, Australia, Sydney, New York, London, Montchavin, France

☆ Gigantic new snake species discovered in Amazon rainforest
▼ + stars: | 2024-02-23 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +3 min

CNN —Scientists working in the Amazon rainforest have discovered a new species of snake, rumored to be the biggest in the world. Green anacondas are the world’s heaviest snakes, according to the UK’s Natural History Museum, which noted that the heaviest individual ever recorded weighed 227 kilograms (500 pounds). It measured 8.43 meters long (27.7 feet) and 1.11 meters (3.6 feet) wide. Professor Bryan Fry/The University of QueenslandBut experts studying the creatures discovered that the newly identified northern green anaconda species diverged from the southern green anaconda almost 10 million years ago, and they differ genetically by 5.5%. Habitat degradation, forest fires, drought and climate change threaten rare species like the anacondas, which exist in such rare ecosystems, he added.

Persons: anacondas, ”, Bryan Fry, anaconda, ” Fry, Will Smith Organizations: CNN —, University of Queensland, Geographic, anaconda Locations: Ecuadorian, Baihuaeri Waorani Territory, South America

☆ Coterra uses its flexibility to deliver what matters most to investors in energy
▼ + stars: | 2024-02-22 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

Coterra Energy slightly missed earnings expectations on Thursday, but the oil and natural gas producer delivered where it matters most: free cash flow. This new era rewards the energy players that focus on dividends and buybacks, both of which depend on strong, consistent cash flow production. And Coterra delivered, with beats on discretionary and free cash flow. Though the discretionary cash flow guide is disappointing, the ultimate impact is mitigated by this flexibility because it allows for the most efficient use of cash. A flare burns excess natural gas in the Permian Basin in Loving County, Texas, U.S. November 23, 2019.

Persons: Coterra, Tom Jorden, Marcellus, Jim Cramer's, Jim Cramer, Jim, Angus Mordant Organizations: Energy, LSEG, Coterra, Management, CNBC Locations: Loving County , Texas, U.S

☆ Oil prices pull back as market tries to make sense of conflicting demand estimates
▼ + stars: | 2024-02-16 | by ( Spencer Kimball | ) www.cnbc.com time to read: 1 min

A flare burns excess natural gas in the Permian Basin in Loving County, Texas, U.S. November 23, 2019. Oil prices pulled back Friday as the market sorted through conflicting demand forecasts from OPEC and the International Energy Agency. The West Texas Intermediate contract for March lost 63 cents, or 0.81%, to $77.40 a barrel. April Brent futures dropped 75 cents a barrel to $82.09 a barrel, down 0.91%. The pullback comes after U.S. crude and the global benchmark rallied Thursday, brushing off a weak global demand forecast for 2024 from the IEA.

Persons: Brent Organizations: International Energy Agency, The West Texas Intermediate, IEA, Federal Reserve Locations: Loving County , Texas, U.S

☆ The richest man you've never heard of isn't sure what to do with his billions
▼ + stars: | 2024-02-15 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +3 min

Autry Stephens is set to be one of the world's richest people after selling his oil business. The sale is set to create one of the biggest drillers poised to take advantage of Texas' oil boom. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Autry Stephens sold his company, Endeavor Energy Resources, to Diamondback Energy earlier this week. Asked by the Journal what he would do with his newfound billions, Stephens said that he hadn't really thought about it yet.

Persons: Autry Stephens, —, Stephens, he's, Lyndal Greth, wasn't, Nvidia's Jensen Huang, Mark Zuckerberg Organizations: drillers, Service, Endeavor Energy Resources, Diamondback Energy, Bloomberg, Wall Street, Endeavor, ExxonMobil, ConocoPhillips —, Cruiser, Southwest Airlines, University of Texas Austin, UT Austin Locations: Texas

☆ Oil prices fall on forecast global demand in 2024 will grow at half last year's rate
▼ + stars: | 2024-02-15 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Crude oil demand is expected to grow by 1.2 million barrels per day this year, down nearly 50% from growth of 2.3 million bpd in 2023, according to the Paris-based International Energy Agency. "The expansive post-pandemic growth phase in global oil demand has largely run its course," the IEA wrote in its February oil market report Thursday. Supply, meanwhile, is expected to exceed demand and grow by 1.7 million bpd this year driven primarily by higher production in the U.S., Brazil, Canada and Guyana. "Given heightened geopolitical risks and low global oil inventories, a modest surplus may help contain market volatility," the IEA said. OPEC, on the other hand, is forecasting a much tighter oil market this year, with demand growing by 2.2 million bpd, outpacing production growth of 1.2 million bpd outside the cartel.

Persons: Brent Organizations: International Energy Agency . Futures, Brent, West Texas Intermediate, IEA, OPEC Locations: Loving County , Texas, U.S, Paris, Brazil, Canada, Guyana, East, Israel, Lebanon, Cairo, Gaza

☆ These oil companies could be the next takeover targets in Permian Basin after Diamondback deal
▼ + stars: | 2024-02-14 | by ( Spencer Kimball | ) www.cnbc.com time to read: +6 min

Diamondback Energy took one of the last major, privately held operators in the Permian off the table this week when it agreed to buy Endeavor Energy Resources for $26 billion. The deal is poised to catapult Diamondback into the top tier in the Permian, the most prolific oil patch in the U.S. that stretches from western Texas into southeastern New Mexico. The top six companies in the Permian are set to own 62% of the basin's remaining oil reserves, according to Rystad Energy. The stubborn holdouts After the Diamondback-Endeavor and Occidental-CrownRock deals, the only other major privately held producers left in the Permian are Continental Resources and Mewbourne Oil. Conoco could potentially seek to acquire Permian Resources , Civitas , Coterra, Vital Energy or Ovintiv , Bernstein said.

Persons: Matthew Bernstein, Bernstein, Hess, Andy Lipow, Neal Dingmann, Mewbourne, Dingmann, Ovintiv, Enerplus, Bob Yawger, Yawger, weren't, Ryan Lance, Lance, Conoco, EOG Organizations: Diamondback Energy, Endeavor Energy Resources, Diamondback, Exxon Mobil, Chevron, Rystad Energy, Truist Securities, CRFA Research, Endeavor, CNBC, Exxon, Natural Resources, Occidental, Lipow Oil Associates, Resources, Mewbourne, Continental, Publicly, Civitas, Coterra, Vital Energy, Devon Energy, Marathon Oil, Bloomberg News, Marathon, Reuters, CFRA, ConocoPhillips, Mizuho Locations: U.S, Texas, New Mexico, Guyana, Devon, Bakken, North Dakota, Occidental, Mizuho Americas, Marathon

☆ The Amazon has survived changes in the climate for 65 million years. Now it’s heading for collapse, a study says
▼ + stars: | 2024-02-14 | by ( Rosa Rahimi | ) edition.cnn.com time to read: +5 min

“Our findings revealed how the Amazon forest system could enter a phase of self-reinforced collapse sooner than previously thought.”Previous studies had not predicted a collapse of this scale could happen in the 21st century. “The Amazon forest is a major pump of moisture into the atmosphere, contributing to circulation processes that transfer moisture across the globe,” Flores said. Douglas Magno/AFP/Getty ImagesThe authors of the study noted that water stress was a common factor in the disturbances to the Amazon. Water stress occurs when there is not enough water to meet human or ecological needs. Global warming is intensifying the effects of water stress by causing the Amazonian climate to become drier and warmer.

Persons: “, ” Bernardo Flores, ”, ” Flores, Douglas Magno, Richard Allan, Flores Organizations: CNN, Federal University of Santa, Paraguay —, South, Getty, Science, University of Reading Locations: Federal University of Santa Catarina, Brazil, South America, Bolivia, Paraguay, Plata, Labrea, Amazonas, AFP

ALBUQUERQUE, N.M. (AP) — A Texas company has reached a multimillion-dollar settlement with the federal government and the state of New Mexico to address air pollution concerns in the largest oil and gas producing region in the United States. New Mexico Environment Secretary James Kenney said he's concerned about the compliance rate for companies operating in New Mexico, describing it as terrible. The civil complaint targeting Apache comes nearly a year after federal and state officials announced a similar agreement with another producer in the Permian Basin over violations. In 2022, an investigation by The Associated Press showed 533 oil and gas facilities in the region were emitting excessive amounts of methane. In all, state officials said the recent consent decrees with energy companies cover about 15% of oil and gas production in New Mexico and about 9% of the wells.

Persons: —, Apache, James Kenney, he's, ”, Kenney, “, Apache's Organizations: Apache Corporation, Federal, Apache, Associated Press, Environmental, Gas Methane Locations: ALBUQUERQUE, N.M, Texas, New Mexico, United States

☆ Oil moves slightly higher as crude prices struggle to break out
▼ + stars: | 2024-02-13 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. Oil futures edged slightly higher on Tuesday after falling flat in the previous session as crude prices struggle to break out amid uncertainty over the future course of the Middle East conflict and an unclear supply and demand picture. The West Texas Intermediate contract for March added 53 cents, or 0.69%, to trade at $77.45 a barrel in morning trading. The Brent contract for April gained 58 cents, or .71%, to trade at $82.45 a barrel. Oil prices have struggled to break out of a $10 range amid uncertainty in the Middle East and an unclear supply and demand outlook for the year.

Persons: Brent Organizations: West Texas Intermediate Locations: Loving County , Texas, U.S, Gaza

☆ Two Big Texas Oil Producers Announce $26 Billion Merger
▼ + stars: | 2024-02-12 | by ( Karen Weise | ) www.nytimes.com time to read: +1 min

Two large Texas oil producers are joining forces in a deal valued at $26 billion, the latest in a wave of consolidation in the U.S. energy industry. Diamondback Energy and Endeavor Energy Resources, both major players in the booming Permian Basin oil field that straddles New Mexico and Texas, announced on Monday that they would merge in a cash-and-stock deal, with Diamondback’s shareholders owning about 60 percent of the combined company. The Permian Basin was once seen as a worn-out patch. The basin has been transformed into the most productive oil and gas field in the United States. “With this combination, Diamondback not only gets bigger, it gets better,” Travis Stice, the company’s chief executive, said in a statement.

Persons: ” Travis Stice, Diamondback’s Organizations: Diamondback Energy, Endeavor Energy Resources Locations: Texas, U.S, New Mexico, United States

☆ The Doomsday Clock Keeps Ticking
▼ + stars: | 2024-02-12 | by ( Dennis Overbye | ) www.nytimes.com time to read: +2 min

In Seattle, where I grew up in the 1950s and ’60s, it was common wisdom that in the event of nuclear war, we were No. 2 on the target list because Seattle was the home of Boeing, maker of B-52 bombers and Minuteman missiles. In school we had various drills for various catastrophes, and we had to remember which was which. “The 40-year-long East-West nuclear arms race has ended.”A year ago, after Russia invaded Ukraine and brandished the threat of using nuclear weapons, the clock was set to 90 seconds to midnight, the closest it has yet come to The End. The threat of nuclear weapons in Ukraine has diminished since then, but the clock remains poised at 90 seconds before zero.

Persons: “, ” Organizations: Seattle, Boeing, Minuteman, Atomic Scientists Locations: Seattle, Santa Monica, Los Angeles, San Fernando Valley, Soviet Union, Russia, Ukraine

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