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• Hurricane watch issued for Florida’s Gulf Coast as Tropical Storm Idalia approaches
  A hurricane watch has been issued for portions of Florida’s...
  A hurricane watch has been issued for portions of Florida’s Gulf Coast as the state braces for Tropical Storm Idalia, which is expected to strengthen to a hurricane and make landfall this week.
  
  The hurricane watch stretches from Englewood to Indian Pass, including Tampa Bay, according to the National Hurricane Center’s Sunday afternoon update. In addition to the hurricane watch, a tropical storm watch has been issued for the Gulf Coast of Florida from Englewood to Chokoloskee and the Dry Tortugas.
  
  The storm is currently located about 100 miles east of Cozumel, Mexico, moving at around 3 mph with maximum sustained winds of 40 mph, the hurricane center said.
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• Oil Edges Higher as China Stimulus Moves Offset Demand Concern
  Oil prices ticked higher overseas on Monday, along with equity markets, after China took steps to support...
  Oil prices ticked higher overseas on Monday, along with equity markets, after China took steps to support its flagging economy, though investors remained worried about the pace of growth as well as further U.S. interest rate hikes that could dampen fuel demand.
  
  Brent crude rose 22 cents, or 0.3%, to $84.70 a barrel by 0049 GMT while U.S. West Texas Intermediate crude was at $80.08 a barrel, up 25 cents, or 0.3%.
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• Large blaze at Louisiana oil refinery forces evacuations
  A large fire that broke out in the storage tank of an oil refinery in Garyville, Louisiana, on Friday...
  A large fire that broke out in the storage tank of an oil refinery in Garyville, Louisiana, on Friday forced nearby residents to temporarily evacuate their homes. There were no injuries in the fire and it did not spread outside the refinery.
  
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• Weekly Rig Count Report
  U.S. energy firms in August cut the number of active oil rigs...
  U.S. energy firms in August cut the number of active oil rigs for a ninth straight month while the combined oil and natural gas rig count fell for the fourth month in a row, energy services firm Baker Hughes said in its closely followed report on August 25.
  
  For the week to Aug. 25, the total oil and gas rig count, an early indicator of future output, fell by 10 to 632, the lowest since February 2022.  In August, drillers cut 32 oil and gas rigs, their fourth monthly decline in a row, which puts the total rig count down 133, or 17%, below this time last year.
  
  U.S. oil rigs fell eight to 512 this week, their lowest since February 2022, while gas rigs slipped by two to 115, their lowest since January 2022.
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for October delivery...
  Benchmark U.S. crude oil for October delivery rose 78 cents to $79.83 a barrel Friday. Brent crude for October delivery rose $1.12 to $84.48 a barrel.
  
  Wholesale gasoline for September delivery rose 10 cents to $2.88 a gallon. September heating oil rose 15 cents to $3.31 a gallon. September natural gas rose 2 cents to $2.54 per 1,000 cubic feet.
  
  
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