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• What Else is Brewing Thursday Morning
  Pepsi kicked off what’s expected to be a bleak earnings season...
  Pepsi kicked off what’s expected to be a bleak earnings season with good news: 20% profit growth last quarter and a raised forecast for the year.
  
  Starbucks and Delta linked their loyalty programs, so you can earn miles by buying coffee or free coffee by flying—tell the disaffected Dunkin’ fan in your life.
  
  Tom Brady and Kim Clijsters are the latest sports stars to snap up ownership of a professional pickleball team.
  
  Twitter influencer Elon Musk launched a perfume called Burnt Hair and sold $1 million worth in just a few hours.
  
  
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• Oil prices rise on tight supplies, as IEA warns of global recession
  LONDON (Reuters) -Oil prices firmed overseas on Thursday, finding continued support from an OPEC+ decision...
  LONDON (Reuters) -Oil prices firmed overseas on Thursday, finding continued support from an OPEC+ decision last week to cut supplies, as the International Energy Agency warned that those cuts may push the global economy into recession.
  
  Brent crude futures rose 49 cents, or 0.5%, to $92.94 a barrel by 0833 GMT. U.S. West Texas Intermediate crude was up 37 cents, or 0.4%, at $87.64 a barrel.
  
  The IEA downgraded its oil demand growth estimates slightly for this year to 1.9 million bpd and by 470,000 bpd in 2023 to 1.7 million bpd.
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• EIA: US inventory of DUC wells keeps shrinking
  There were an estimated 4,283 drilled-but-uncompleted wells across...
  There were an estimated 4,283 drilled-but-uncompleted wells across the US in August, the lowest level since the Energy Information Administration began tracking the data in October 2013. The DUC well count has been on a downward trend since hitting a record 8,800 wells in the second quarter of 2020, with the Permian Basin leading the decline, the EIA said.
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• N. American oil, gas firms make progress on debt reduction
  An analysis by Moody's Investors Service found that 64 North American oil and natural gas exploration...
  An analysis by Moody's Investors Service found that 64 North American oil and natural gas exploration and production companies it rates cut their collective debt by 11%, or $26 billion, between the end of 2019 and March, as investor pressure led to an increased focus on capital discipline and returns. The group's debt burden now stands at roughly $217 billion.
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• Biden Re-evaluating US Relationship with Saudis after OPEC Decision
  President Joe Biden is launching a review of the U.S. relationship with Saudi Arabia after OPEC+...
  President Joe Biden is launching a review of the U.S. relationship with Saudi Arabia after OPEC+ announced last week that it would cut oil production over U.S. objections, officials said on Oct. 11.
  
  The announcement came a day after powerful Democratic Senator Bob Menendez, chairman of the Senate Foreign Relations Committee, said the U.S. must immediately freeze all aspects of U.S. cooperation with Saudi Arabia, including arms sales.
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