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• US Energy Development doubles down on the Permian
  US Energy Development Corp. has spent $60 million recently to acquire three separate asset packages in...
  US Energy Development Corp. has spent $60 million recently to acquire three separate asset packages in the Permian Basin's Delaware portion. The deals involve working with other operators on 17 new wells, which are expected to generate roughly $100 million worth of production after they enter service by the end of the year.
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• Demand outpacing US natural gas production
  US natural gas production growth is struggling to keep up with surging foreign and domestic demand, putting...
  US natural gas production growth is struggling to keep up with surging foreign and domestic demand, putting further pressure on already strained gas inventories and making them vulnerable to weather shocks, writes analyst John Kemp. Energy Information Administration data show working gas inventories in underground storage stood at 2,771 billion cubic feet on Sept. 9, the second-lowest seasonal level since 2010, as US gas-fired electricity generation and liquefied natural gas exports set records, Kemp writes.
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• Oil forecasted for $100 barrel in 2023
  Oil will average $100 a barrel next year as demand rebounds in China and falling Russian output...
  Oil will average $100 a barrel next year as demand rebounds in China and falling Russian output keeps supplies tight. That's according to Bank of America analysts, who wrote Monday that global markets will remain strained heading into next year thanks to a variety of factors. Get the full details here.
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• Nigeria and Morocco to build gas pipeline to Europe
  The proposed pipeline would connect the Nigerian and Moroccan gas networks, enabling Nigeria to supple...
  The proposed pipeline would connect the Nigerian and Moroccan gas networks, enabling Nigeria to supple both Europe and West Africa with its natural gas.
  
  The project involves 16 African countries and would stretch for 6,000 kilometers along the continent’s Atlantic coast, ensuring energy supplies to land-locked Niger, Burkina-Faso, and Mali.
  
  Nigeria has the highest known natural gas reserves of all on the continent:at least 5.8 trillion cubic meters, and potentially up to 17 trillion. The country has already emerged as a major supplier of Liquid Natural Gas (LNG).
  
  
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• Oil futures finish higher as tight supplies come back into focus
  Oil futures on...
  Oil futures on Monday gave up early losses to finish higher, with tight supplies returning to the spotlight, providing support for prices. The market is "waking up to realize" that distillate supplies are so tight that there's little room for any disruptions, ahead of the winter heating season, said Phil Flynn, senior market analyst at The Price Futures Group. October WTI crude CLV22, -0.17% rose 62 cents, or 0.7%, to settle at $85.73 barrel on the New York Mercantile Exchange.
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