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• Closing Oil & Gas Prices for Thursday
  Benchmark U.S. crude oil for September delivery...
  Benchmark U.S. crude oil for September delivery rose $1.31 to $80.09 a barrel Thursday. Brent crude for September delivery rose $1.32 to $84.24 a barrel.
  
  Wholesale gasoline for August delivery rose 4 cents $2.95 a gallon. August heating oil rose 8 cents to $2.92 a gallon. August natural gas fell 18 cents to $2.49 per 1,000 cubic feet.
  
  
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• Dow snaps longest win streak in almost 40 years
  The Dow snapped its longest win streak in almost 40 years on...
  The Dow snapped its longest win streak in almost 40 years on Thursday as stocks pulled back and bond yields rose after U.S. economic growth sped up in the second quarter.
  
  The Dow Jones Industrial Average DJIA fell about 237 points, or 0.7%, ending near 35,282, according to preliminary FactSet data. The S&P 500 Index SPX shed 0.6% and the Nasdaq Composite Index COMP closed 0.6% lower. U.S. GDP climbed to a 2.4% annual rate in the second quarter, according to data released Thursday, defying expectations for a recession as the Federal Reserve has jacked up rates to the highest level in 22 years.
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• Natural Gas Inventory Report
  The EIA has released its natural gas inventory report,...
  The EIA has released its natural gas inventory report, showing a net increase of 16 Bcf as of July 21, 2023.
  
  Working gas in storage was 2,987 Bcf as of Friday, July 21, 2023, according to EIA estimates. This represents a net increase of 16 Bcf from the previous week. Stocks were 573 Bcf higher than last year at this time and 345 Bcf above the five-year average of 2,642 Bcf.
  
  At 2,987 Bcf, total working gas is within the five-year historical range
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• EQT Corp. Near Closing of $5.2B Tug Hill Acquisition
  EQT Corp.’s nearly yearlong slog to close its ...
  EQT Corp.’s nearly yearlong slog to close its acquisition of Tug Hill Inc.  — a deal sidetracked by regulatory scrutiny — appears to be headed to closing this summer, CEO Toby Rice said during EQT’s July 26 earnings call.
  
  The deal, which EQT announced in September and had expected to close before the end of 2022, looks likely to win approval from the Federal Trade Commission (FTC) by August, Rice said. During the call, EQT also said it had signed a nonbinding agreement to provide natural gas to an LNG facility in Louisiana.
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• Shell Initiates $3B Share Buyback Program
  Shell Plc has initiated a $3 billion share buyback program that...
  Shell Plc has initiated a $3 billion share buyback program that is expected to last for three months, the company said in a July 27 news release.
  
  The program is intended to reduce the company’s issued share capital, and as a result, shares repurchased as part of the buyback program will be canceled. The program is expected to be completed before the company’s third quarter financial results announcement, which is scheduled for Nov. 2, the release said.
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