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• ☕️What Else is Brewing Friday Morning
  Residents of Florida, Georgia, and the Carolinas have begun the lengthy cleanup process after ...
  Residents of Florida, Georgia, and the Carolinas have begun the lengthy cleanup process after Tropical Storm Idalia crossed into the Atlantic Ocean.
  
  Joe Biggs, a leader of the far-right Proud Boys and a former Infowars correspondent, was sentenced to 17 years in prison for his role in the Jan. 6, 2021, Capitol riot. Zachary Rehl, who led the group’s Philadelphia branch, was sentenced to 15 years.
  
  Former President Trump pleaded not guilty in his mugshot-tinged criminal case in Georgia over his alleged efforts to overturn the state’s election results. A Georgia judge confirmed that his trial will be televised.
  
  At least 74 people died in a building fire in Johannesburg, South Africa. South African President Cyril Ramaphosa said the tragedy was a “wake-up call” to address housing in the inner city.
  
  Kylie Jenner, who sold 51% of her Kylie Cosmetics line to Coty for $600 million in 2020, is considering buying it back, per Bloomberg. Jenner’s relationship with the beauty giant has reportedly been going downhill.
  
  
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• Tropical Storm Jose forms in Atlantic, 2 other disturbances being monitored
  The Atlantic basin is ending August on a busy note. Tropical...
  The Atlantic basin is ending August on a busy note. Tropical Storm Jose formed Thursday and the National Hurricane Center is monitoring two other disturbances.
  
  Tropical Storm Jose formed overnight. It is located about 785 miles east-southeast of Bermuda. The storm has 40 mph winds and is moving north at 5 mph.
  
  Forecasters said the system is expected to be absorbed by Hurricane Franklin.
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• US consumers offset weaker industrial demand for oil
  Oil demand has confounded expectations of a slowdown and remained strong, particularly...
  Oil demand has confounded expectations of a slowdown and remained strong, particularly in the consumer sectors of gasoline and jet fuel, which have seen a year-over-year increase of 98 kb/day. Although industrial demand has slipped, with distillate consumption down by 169 kb/day compared to last year, experts anticipate that robust consumer activity will counterbalance the slack on the industrial side and prop up demand in the coming months
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• EERC looks into Bakken Shale well-to-well interactions
  New research from North Dakota's Energy and Environmental Research Center shows that ...
  New research from North Dakota's Energy and Environmental Research Center shows that suboptimal fracturing jobs in the past are the key reason why well-to-well interactions often enhance oil production in the state's Bakken Shale, unlike in other regions. "The reason why Bakken operators have historically not seen much production loss from the parent-child effect is because their initial completion designs were small, suboptimal, and understimulated," says Kyoung Suk Min, a reservoir engineer and data scientist at EERC.
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• Closing Oil & Gas Prices for Thursday
  Benchmark U.S. crude oil for October delivery...
  Benchmark U.S. crude oil for October delivery rose $2 to $83.63 a barrel Thursday. Brent crude for October delivery rose $1 to $86.86 a barrel.
  
  Wholesale gasoline for September delivery fell 4 cents to $2.77 a gallon. September heating oil rose 4 cents to $3.14 a gallon. October natural gas fell 3 cents to $2.77 per 1,000 cubic feet.
  
  
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