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• China’s new high-speed train just set a new record as the world’s fastest — and it could travel faster than an airplane
  It’s not often that a train can get you to your destination as fast as flying, but China’s new high-speed...
  It’s not often that a train can get you to your destination as fast as flying, but China’s new high-speed maglev train might just pull it off.
  
  On a recent test run, the train sprinted to record-breaking speeds of 281 miles per hour, making it the fastest train in the world. Once completed, engineers hope the maglev will reach 621 mph (much faster than commercial flights, which cruise at an average of 545 mph to 574 mph).
  
  The maglev uses “magnetic levitation” to effectively glide on thin air, eliminating friction and noise pollution while allowing trains to travel at higher speeds.
  
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• Western Midstream to Expand Powder River Presence with Meritage Deal
  Western Midstream Partners LP subsidiary will acquire Meritage...
  Western Midstream Partners LP subsidiary will acquire Meritage Midstream Services II LLC for $885 million cash as the infrastructure company expands its Powder River footprint.
  
  The deal is the latest in a series of midstream M&A that has broadly seen infrastructure company consolidation since December 2022. The transactions have included some of the most expensive 2023, most recently including an Energy Transfer mid-August deal to acquire Crestwood Equity Partners for $7.1 billion.
  
  Under the terms of Western Midstream’s agreement, the company will acquire Denver’s privately held Meritage’s large-scale natural gas gathering and processing business in the Powder River Basin of Wyoming.
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• ☕️What Else is Brewing Tuesday Morning
  The US Open rolls into its final week. And while tennis fans are drooling over a potential...
  The US Open rolls into its final week. And while tennis fans are drooling over a potential Djokovic vs. Alcaraz final, American players are making the NYC crowd proud. Three US men have reached the quarterfinals for the first time since 2005, and 19-year-old Coco Gauff became the first teen to reach consecutive US Open quarterfinal rounds since Serena Williams more than 20 years ago.
  
  Mercedes debuted new concept cars, showing off its eclectic ambitions by planning vehicles with a greater range than Teslas. BMW also unveiled a new electric concept car.
  
  China’s President Xi Jinping will not attend the G20 summit in India this weekend, so he won’t chat with US President Biden there. Premier Li Qiang will represent China instead.
  
  Parrotheads have been celebrating the life of “Margaritaville” singer Jimmy Buffett, who died on Friday at age 76 from a rare form of skin cancer.
  
  
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• Tuesday: Brent crude jumps above $90 a barrel as Saudis and Russians extend supply cuts
  Saudi Arabia will extend a production cut of 1 million barrels...
  Saudi Arabia will extend a production cut of 1 million barrels a day for three months, running to the end of December, the country’s official press agency reported Tuesday, citing an energy ministry official. The report said Saudi production in October, November and December would effectively be 9 million barrels a day. Russia also said it would extend supply cuts, news reports said. Saudi Arabia implemented the 1 million barrel-a-day reduction in July and had previously extended it through the end of September while stipulating it could be further extended or deepened. Oil futures erased losses after the announcement, with West Texas Intermediate crude for October delivery CL.1  jumping 2% to $87.23 a barrel on the New York Mercantile Exchange, while November Brent crude BRN00 rose 1.3% to $90.15 a barrel on ICE Futures Europe.
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• Chevron Australia LNG Workers Plan Full Strikes From Sept. 14
  (Bloomberg) -- Chevron Corp. liquefied natural gas workers in Australia threatened two weeks of 24-hour...
  (Bloomberg) -- Chevron Corp. liquefied natural gas workers in Australia threatened two weeks of 24-hour rolling outages at two major export plants from mid-September, in an escalation of the dispute that threatens global fuel supply.
  
  The workers have served Chevron notice that they plan full stoppages from Sept. 14, following partial strikes from Sept. 7, the Offshore Alliance grouping said Tuesday on Facebook.
  
  The threat of worker action in Western Australia has roiled global natural gas markets that are still edgy after Russia’s invasion of Ukraine last year saw supply curbed and prices soar to unprecedented heights. The two facilities operated by Chevron — Gorgon and Wheatstone — made up roughly 7% of global LNG supply last year.
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