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• Oil inches higher on supply concerns, China demand recovery
  SINGAPORE (Reuters) - Oil prices inched higher on Monday, buoyed by forecasts of a widening supply deficit...
  SINGAPORE (Reuters) - Oil prices inched higher on Monday, buoyed by forecasts of a widening supply deficit in the fourth quarter after Saudi Arabia and Russia extended cuts and on optimism of a demand recovery in China, the world's top crude importer.
  
  Brent crude futures rose 5 cents, or 0.1%, to $93.98 a barrel by 0027 GMT while U.S. West Texas Intermediate crude was at $90.92 a barrel, up 15 cents, or 0.2%.
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• Tropical Storm Nigel strengthens, could be hurricane Monday
  Nigel is on track to becoming the next hurricane of the 2023 Atlantic season, according...
  Nigel is on track to becoming the next hurricane of the 2023 Atlantic season, according to the National Hurricane Center.
  
  In its advisory, the NHC said Tropical Storm Nigel strengthened again with maximum sustained winds of 60 mph, a jump from earlier in the morning. The center of Tropical Storm Nigel was said to be about 990 miles northeast of the Lesser Antilles as it moved north-northwest at 13 mph.
  
  “Nigel is expected to become a major hurricane by the middle of the week, but will move toward the north and be a fish storm,” Eric Stone, a meteorologist with Nexstar’s WFLA, said. A “fish storm” refers to a storm that doesn’t threaten land, but could cause problems for fishermen or along shipping routes.
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• US drillers add most oil and gas rigs since November
  U.S....

  U.S. energy firms this week added the most oil and natural gas rigs in a week since November, rising for a second week in a row, energy services firm Baker Hughes said in its closely followed report on Friday.

  
  

  The total oil and gas rig count, an early indicator of future output, rose nine to 641 in the week to Sept. 15, its highest since mid-August.  Despite this week’s rig increase, Baker Hughes said the total count was still down 122, or 16%, below this time last year.

  
  

  U.S. oil rigs rose by two, the most in a week since April, to 515, while gas rigs gained eight to 121.

  
  
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• Oil producers go the extra mile in the US shale patch
  US oil companies...
  US oil companies are pushing technological boundaries by drilling horizontal wells more than three miles in length in search of untapped oil reserves, particularly in the Permian Basin, where the use of this technique is set to double by 2024, according to Rystad Energy. This approach promises improved productivity and access to previously unreachable oil resources, but its elevated operational risks, substantial costs, and concerns about long-term effectiveness suggest that only the largest players are primed to reap the potential benefits.
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• Closing Oil & Gas Prices for Friday
  Benchmark U.S. crude oil for October delivery...
  Benchmark U.S. crude oil for October delivery rose 61 cents to $90.77 a barrel Friday. Brent crude for November delivery rose 23 cents to $93.93 a barrel.
  
  Wholesale gasoline for October delivery fell 3 cents to $2.71 a gallon. October heating oil fell 10 cents to $3.38 a gallon. October natural gas fell 7 cents to $2.64 per 1,000 cubic feet.
  
  
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