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• SPR oil stockpiles reach 37-year low
  Energy Department figures show that oil inventories in the Strategic Petroleum Reserve declined by 8.1...
  Energy Department figures show that oil inventories in the Strategic Petroleum Reserve declined by 8.1 million barrels to 453.1 million barrels last week, hitting the lowest level since January 1985. Sales mandated by Congress and President Joe Biden's plan to release 1 million barrels per day from the SPR over six months have contributed to the decline.
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• LNG tankers in high demand as trade patterns shift
  The liquefied natural gas tanker market is under strain as Europe's rush to secure natural gas supplies...
  The liquefied natural gas tanker market is under strain as Europe's rush to secure natural gas supplies before winter is heightening competition for ships, pushing LNG prices and daily rates to charter existing tankers higher. Traders are responding to the demand surge with $24.1 billion worth of orders for new LNG tankers placed so far this year, surpassing the 2021 full-year record of $15.6 billion, according to Stephen Gordon of shipping firm Clarkson.
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• ☕️What Else is Brewing Wednesday Morning
  Two men were convicted of conspiring to kidnap Michigan Gov. Gretchen Whitmer during the final stages of the heated presidential election in 2020. They could each face a life sentence in prison.
  
  Billionaire investor Julian Robertson, who founded the influential hedge fund Tiger Management, died at 90. Fund managers who were trained at Tiger and later went on to create their own firms are known as “Tiger Cubs.”
  
  US gas prices have now fallen for 70 days in a row, the second-longest streak of declines since 2005.
  
  Amazon will air Thursday Night Football games in bars and restaurants through a new deal with DirecTV.
  
  
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• Freeport LNG Development LP Delays Re-Start
  The Freeport liquefied natural gas terminal in Texas will begin initial production in early to mid-November,...
  The Freeport liquefied natural gas terminal in Texas will begin initial production in early to mid-November, according to a statement Tuesday. Freeport LNG Development LP had previously said it was targeting a restart in October. The announcement means more gas will be available for domestic use to add to storage ahead of the winter, weighing on prices.
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• U.S. oil futures end at highest in more than a week; natural-gas prices drop 5%
  MarketWatch.com: U.S. oil futures settled at their ...
  MarketWatch.com: U.S. oil futures settled at their highest price in more than a week Tuesday as Saudi Arabia raised talk of potential production cuts, while natural-gas prices dropped 5% after reaching 14-year highs amid ongoing concerns over European supplies. Freeport LNG said Tuesday that it plans to restart its liquefaction facility in early to mid-November, later than previously expected -- leading to a further delay of LNG exports. October WTI crude CLV22, +3.91% rose $3.38, or 3.7%, to settle at $93.74 a barrel on the New York Mercantile Exchange. September natural gas NGU22, -4.15% fell 49 cents, or 5%, to end at $9.193 per million British thermal units, retreating from an intraday high above $10.
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