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• More than 5,000 people feared dead in Libya floods
  Thousands more are still missing after torrential rains from Cyclone Daniel caused two dams to burst,...
  Thousands more are still missing after torrential rains from Cyclone Daniel caused two dams to burst, unleashing catastrophic floods on the coastal city of Derna and nearby areas. Libya’s split government is complicating the response to the storm: The area in eastern Libya affected by the floods is controlled by a militia leader supported by the Kremlin and is not recognized by the United Nations. Analysts are calling it Libya’s “Katrina moment.”
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• Oil, gas investors show appetite for green initiatives
  Around three-quarters of major institutional oil and natural...
  Around three-quarters of major institutional oil and natural gas investors surveyed for a new Deloitte study are willing to forego higher dividends and share buybacks in exchange for increased investment in energy transition projects. However, the study revealed contrasting spending priorities, with investors favoring transformational technologies such as battery storage and transport electrification, while 40% of surveyed company executives put their focus on hydrogen and carbon capture and storage technologies.
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• Closing Oil & Gas Prices for Tuesday
  Benchmark U.S. crude oil for October delivery...
  Benchmark U.S. crude oil for October delivery rose $1.55 to $88.84 a barrel Tuesday. Brent crude for November delivery rose $1.42 cents to $92.06 a barrel.
  
  Wholesale gasoline for October delivery rose 1 cent to $2.73 a gallon. October heating oil fell 3 cents to $3.33 a gallon. October natural gas rose 13 cents to $2.74 per 1,000 cubic feet.
  
  
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• Nasdaq ends 1% down, leading stocks lower as tech shares slump
  U.S. stocks closed lower on Tuesday,...
  U.S. stocks closed lower on Tuesday, with the Nasdaq Composite leading the way down, as Apple’s unveiling of its new iPhone and watch failed to boost appetite for equities. The Dow Jones Industrial Average DJIA shed about 16 points, or about 0.1%, to end near 34,647, while the S&P 500 Index SPX closed 0.6% lower, and the Nasdaq Composite Index COMP slumped 1%. That was the biggest daily percentage drop in about a week for the Nasdaq. Shares of Apple Inc. AAPL, -1.76% were a focus Tuesday as it rolled out a lineup of new consumer products, including its iPhone Pro Max, which will now start at $1,199 instead of $1,099, while its Pro model’s price stays the same. Investors also remain focused on the inflation data, including the release on Wednesday of the consumer-price index for August, before the U.S. stock market opens. Apple shares fell 1.9% on Tuesday. 
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• Energy Sector Commentary for Tuesday
  The energy sector is off to a...

  The energy sector is off to a mixed to lower start, looking past strength in the underlying commodities and pressured by weakness in the major equity futures. U.S. stock index futures were poised to open lower after starting the week on a strong footing, as investors awaited key inflation readings for clues on the Federal Reserve's interest-rate path.

  
  

  WTI and Brent crude oil futures are up in early trading, boosted by a tighter supply outlook, and as OPEC said major economies were faring better than expected despite rising interest rates. OPEC noted in its monthly report that World oil demand will rise by 2.25 million bpd in 2024, compared with growth of 2.44 million bpd in 2023 as forecasts remained unchanged from the month prior.

  
  

  Natural gas futures are moving higher for the fourth-consecutive session as the NOAA's 6-10 day outlook shows above-normal temps over the northwestern and north-central US, as well as over southern TX.

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