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• Tropical Storm Humberto feared to merge with second storm in historic event threatening East Coast
  Tropical Storm Humberto has erupted in...

  Tropical Storm Humberto has erupted in the Atlantic and forecasters project it will become a major hurricane threatening millions along the East Coast within days.

  
  

  The rapidly growing storm developed overnight, moving from an unnamed tropical wave to a tropical depression to a named storm within a few hours.

  
  

  It's currently churning in the Atlantic, a few hundred miles from the Caribbean's Leeward Islands, a group that includes Antigua, St Kitts, and the British and US Virgin Islands, with sustained winds of 45 mph.

  
  

  The National Hurricane Center (NHC) has predicted that Humberto will become a Category 3 hurricane by early Monday morning, with winds surging to more than 110 mph.

  
  
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• WoodMac's Lower 48 well data platform gets an upgrade
  Wood Mackenzie has partnered with Novi Labs to improve its Lens Lower...
  Wood Mackenzie has partnered with Novi Labs to improve its Lens Lower 48 upstream intelligence solution by incorporating Novi's verified production data and lease-to-well algorithms. The integration will provide a more accurate view of more than 4.4 million wells across the US Lower 48, a region that supplies over 20% of global oil and gas. "By combining Novi's data accuracy with our global perspective and cost intelligence, we're giving operators and investors the confidence to make better-informed decisions in a volatile market," said WoodMac's Joe Midgley.
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• Sempra trims stake in infra arm, clears Port Arthur expansion
  Sempra has agreed to sell a 45% interest in its infrastructure arm to...
  Sempra has agreed to sell a 45% interest in its infrastructure arm to KKR and Canada Pension Plan Investment Board in a $10 billion deal that values the unit at $22.2 billion. The company also sanctioned a $14 billion expansion of its Port Arthur LNG export terminal in Texas, which will boost export capacity by 14.33 million short tons per year from two new trains set to come online in 2030 and 2031.
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• ☕️What Else is Brewing Thursday Morning
   New home sales spiked 20% in August. Sales of newly...
   New home sales spiked 20% in August. Sales of newly built homes in the US unexpectedly jumped last month to the highest level since January 2022, with sales up 20.5% compared to July and up 15.4% compared to last August. That was before mortgage rates started falling, so it could be a sign that price cuts and other incentives used by homebuilders to lure buyers amid an oversupply of new homes had their desired effect. But the surprising uptick could also be a quirk of the data: “Always important to remember the margin of error for new home sales is large,” the chief economist for the National Association of Home Builders told CNBC. The National Association of Realtors will report numbers for previously owned homes today.
  
  Typhoon Ragasa slammed southern China and flooded Hong Kong yesterday, after it left at least 20 people dead as it swept through Taiwan and the Philippines.
  
  President Trump is expected to sign an executive order today declaring that the deal negotiated with China for the sale of TikTok’s US operations to American investors satisfies the law that required a sale to avoid a national ban on the app.
  
  A new gene therapy slowed the progression of Huntington’s disease, making it the first treatment to do so, in a new study.
  
  The NFL approved the sale of a minority stake in the Chicago Bears to existing team owners, CNBC reported yesterday. The deal values the team at a league record of $8.9 billion and gives everyone an excuse to quote that old SNL sketch.
  
  YouTube will reinstate creators who were banned for violating rules on misinformation about Covid-19 and the 2020 election that the video sharing platform has since rolled back.
  
  Microsoft will incorporate Anthropic’s AI models into its Copilot feature, partnering with an OpenAI rival despite its large investment in the ChatGPT-maker, whose products also power Copilot.
  
  Apple TV+ postponed the release of the political thriller series The Savant in the wake of the assassination of Charlie Kirk, and its star Jessica Chastain said she disagrees with the decision.
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• DAILY OIL PRICE: September 24, 2025
  Crude Oil: 64.99   (+1.58)....
  
  
  • Crude Oil: 64.99   (+1.58).
  
  
  • Nymex MTD AVG: 63.1742.
  
  
  • Natural Gas: 2.858   (+0.005).
  
  
  • Gasoline: 2.0188   (+0.0197).
  
  
  • Spreads: November/December (+0.60)     December/January (+0.43).
  
  
  • Plains WTI Posting: 61.47   (+1.58).
  
  

  
  Source: Odessa American
  
  
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