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• Shutdown stalls energy projects, but O&G permits roll on
  The US government shutdown has immediately halted or delayed construction...
  The US government shutdown has immediately halted or delayed construction projects that rely on federal funding, particularly in the energy sector, though fixed-price contracts with appropriated funds may largely continue. Some Interior Department staff will remain on duty to process oil, gas and coal permits and leases and to advance preparations for a December Gulf of America lease sale and the next oil and gas leasing plan. The Energy Information Administration, meanwhile, said it will continue publishing its weekly petroleum inventory report as scheduled.
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• Tesla set a new sales record in Q3
  Elon Musk’s automaker sold ~497k cars last quarter, up by 7.4% from...
  Elon Musk’s automaker sold ~497k cars last quarter, up by 7.4% from last year and well ahead of Wall Street’s projections as consumers raced to buy electric vehicles before the federal government’s $7,500 EV tax credit expired on Sept. 30. That’s the good news. The bad news is it may be the company’s last good quarter for the foreseeable future, as EV sales are widely expected to plunge now that the tax credit has expired. Prior to the sales rush in Q3, Tesla had been struggling due to increased competition and Musk’s controversial foray into US politics. The CEO recently became the world’s first half-trillionaire.
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• ☕️What Else is Brewing Friday Morning
  Delta planes collided in low-speed collision on LaGuardia taxiway. Two...
  Delta planes collided in low-speed collision on LaGuardia taxiway. Two regional Delta jets collided while taxiing at NYC’s LaGuardia Airport late Wednesday night. No passengers were hurt, but one flight attendant was taken to a hospital with non-life-threatening injuries. The wing of a plane departing for Roanoke, Virginia, reportedly clipped the nose and cockpit of a jet arriving from Charlotte, North Carolina, forcing passengers to deplane and take buses back to the terminal. While it’s unclear what caused the collision, it comes as a shortage of air-traffic controllers in the US has contributed to a number of aviation incidents this year.
  
  The White House reportedly sent a letter to nine US universities asking them to sign a “compact” agreeing to President Trump’s higher education agenda in exchange for access to federal funds.
  
  India and China are resuming direct flights for the first time in five years as diplomatic ties between the two powers improve.
  
  Berkshire Hathaway bought the petrochemical company OxyChem for $9.7 billion, marking Berkshire’s largest acquisition since 2022.
  
  Universal Music and Warner Music are reportedly close to making licensing deals with AI companies, in a move that could reshape the music industry.
  
  Mountain Dew could soon be colored with carrots and purple sweet potatoes instead of artificial dyes, a PepsiCo executive said.
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• Natural gas storage falls short of expectations, signaling increased demand
  The U.S. Energy Information Administration (EIA) on Thursday reported...
  The U.S. Energy Information Administration (EIA) on Thursday reported a 53 Bcf injection of natural gas into storage for the week ended Sept. 26. Landing well below expectations, the result lifted natural gas prompt month futures to 11-week highs.
  
  Traders note that this marks the third consecutive week of smaller-than-expected injections, indicating that late-season cooling demand and weaker wind generation are already tightening the balance. The miss amplified buying interest, with heavy volume pushing the November contract above $3.50 intraday before sellers capped the move.
  
  The report’s findings suggest a greater demand for natural gas than initially anticipated, a factor that is bullish for natural gas prices. The forecasted figure was based on the assumption that the increase in natural gas inventories would be more than the actual figure. However, the actual number reported was significantly less than the forecasted number, implying a higher demand for natural gas.
  
  In comparison to the previous week’s data, the current number also shows a decline. The previous week’s natural gas storage was reported at 75B, indicating a drop of 22B week over week. This decrease further underscores the increased demand for natural gas in the market.
  
   
  
  
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• DAILY OIL PRICE: October 2, 2025
  Crude Oil: 60.48   (-1.30)....
  
  
  • Crude Oil: 60.48   (-1.30).
  
  
  • Nymex MTD AVG: 61.1300.
  
  
  • Natural Gas: 3.442   (-0.034).
  
  
  • Gasoline: 1.8510   (-0.0349).
  
  
  • Spreads: November/December (+0.32), December/January (+0.17).
  
  
  • Plains WTI Posting: 56.96   (-1.30).
  
  

  
  Source: Odessa American
  
  
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