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• Chevron CEO pushes back on IEA's peak demand predictions
  Chevron CEO Mike Wirth has emphasized the need for continued investment...
  Chevron CEO Mike Wirth has emphasized the need for continued investment in oil and gas to meet global energy demand, challenging International Energy Agency predictions that oil demand will peak by the end of the decade. The company is investing $10 billion in low-carbon initiatives such as hydrogen and carbon capture, and has recently acquired Hess for $53 billion, and Wirth said Chevron is pursuing a dual strategy that balances its traditional oil and gas operations with investments in low-carbon technologies.
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• Plains All American facing crude quality issue in Texas
  Plains All American has encountered crude oil quality issues in pipelines...
  Plains All American has encountered crude oil quality issues in pipelines connecting the Permian Basin to Corpus Christi, Texas, due to high levels of mercaptans, or sulfur compounds. Starting Oct. 1, Plains will impose a 50-cent-per-barrel fee for oil that fails to meet mercaptan specifications. Although the company is still investigating the cause, the issue could lead Gulf Coast refiners to seek alternative sources of Midland crude.
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• ☕️What Else is Brewing Thursday Morning
  ABC takes Jimmy Kimmel off the air over Charlie Kirk comments. The...
  ABC takes Jimmy Kimmel off the air over Charlie Kirk comments. The network said that Jimmy Kimmel Live would be “pre-empted indefinitely” following backlash over comments the host made on the show that the “MAGA gang” was trying to characterize Kirk’s alleged murderer as “anything other than one of them and doing everything they can to score political points from it.” ABC’s decision came after Federal Communications Commission Chair Brendan Carr threatened to take action against ABC affiliate stations and after station owner Nexstar—which owns 28 ABC affiliates—said it objected to the statements and would show different programming.
  
  President Trump received a warm royal welcome on his unprecedented second state visit to the UK, where he was feted with elaborate military displays and a state dinner hosted by King Charles III at Windsor Castle. Some nonroyal residents weren’t as accommodating—thousands protested Trump’s visit yesterday. With Britain looking to shore up diplomatic ties, tech and nuclear energy deals are expected to be announced.
  
  Former CDC head Susan Monarez, who was ousted over disagreements with RFK Jr., told senators that the HHS Secretary wanted “blanket approval” on vaccine recommendations and said that he plans to change the childhood vaccine schedule soon.
  
  Eli Lilly said its experimental weight loss pill bested Novo Nordisk’s oral medicine in a head-to-head study of patients with Type 2 diabetes.
  
  Treasury Secretary Scott Bessent previously listed two different houses as his “principal residence,” Bloomberg reported, which is similar to what President Trump has said Fed Governor Lisa Cook should be fired for.
  
  Cracker Barrel reported mixed earnings yesterday after announcing and then nixing a controversial rebrand last month.
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• DAILY OIL PRICE: September 17, 2025
  Crude Oil: 64.05   (-0.47)....
  
  
  • Crude Oil: 64.05   (-0.47).
  
  
  • Nymex MTD AVG: 63.1488.
  
  
  • Natural Gas: 3.100   (-0.003).
  
  
  • Gasoline: 2.0287   (-0.0129).
  
  
  • Spreads: October/November (+0.35)     November/December (+0.38).
  
  
  • Plains WTI Posting: 60.53   (-0.47).
  
  

  
  
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• Dow ends higher, S&P 500 and Nasdaq fall as Fed rate cut triggers volatile trade
  U.S. stocks closed mixed on Wednesday after the Federal...

  U.S. stocks closed mixed on Wednesday after the Federal Reserve's first interest-rate cut in about nine months, with the Dow Jones Industrial Average easing back to end with a modest gain after hitting an intraday record.

  
  

  The Dow Jones Industrial Average gained 260.42 points, or 0.6%, closing at 46,018.22. It briefly touched a fresh intraday record high of 46,261.95.

  
  

  The S&P 500 shed 6.41 points, or 0.1%, ending at 6,600.35.

  
  

  The Nasdaq Composite fell 72.63 points, or 0.3%, finishing at 22,261.33.

  
  

  The small-cap Russell 2000 ended 0.1% higher, after briefly surging 2.1% — a level that would have marked its first record close since 2021.

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