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• Regulatory hurdles cloud MVP Southgate's future
  As Equitrans prepares to launch the Mountain Valley Pipeline by the end of 2023, analysts are pessimistic...
  As Equitrans prepares to launch the Mountain Valley Pipeline by the end of 2023, analysts are pessimistic about the outlook for the company's 375,000-MMcf/d MVP Southgate extension from Virginia to North Carolina. The project faces regulatory hurdles and competition from Williams' brownfield expansion projects within the Transco pipeline system, which are viewed as a more viable alternative.
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• ExxonMobil: World unlikely to limit warming to 2°C by 2050
  Carbon emissions from the power sector will likely decline by more than 25% from peak levels in the 2020s...
  Carbon emissions from the power sector will likely decline by more than 25% from peak levels in the 2020s to 25 billion metric tons by 2050, but that won't be enough to limit global warming to 2°C, according to ExxonMobil's annual Energy Outlook report. The Intergovernmental Panel on Climate Change's 2°C scenario calls for emissions to be limited to 11 billion tons by 2050
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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 $1.06 to $81.16 a barrel Tuesday. Brent crude for October delivery rose $1.07 to $85.49 a barrel.
  
  Wholesale gasoline for September delivery fell 1 cent to $2.79 a gallon. September heating oil rose 1 cent to $3.21 a gallon. September natural gas fell 2 cents to $2.56 per 1,000 cubic feet.
  
  
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• Dow gains 300 points as investors react to labor, consumer confidence data
  U.S. stocks finished higher on Tuesday after investors parsed...
  U.S. stocks finished higher on Tuesday after investors parsed signs of a cooling labor market and waning consumer confidence, which could mitigate the need for more interest-rate hikes by the Federal Reserve.
  
  The S&P 500 SPX gained 64.44 points, or 1.5%, to 4,497.67, marking the index’s best day in three months. The Dow Jones Industrial Average DJIA gained 292.96 points, or 0.9%, to 34,852.94. The Nasdaq Composite COMP rose by 238.63 points, or 1.7%, to 13,943.76, rising for a third straight day.
  
  Data showed the number of job openings in July dropped to 8.8 million, lower than the forecast of 9.5 million, a sign that employers have begun to meaningfully cut back on hiring. Meanwhile, 3.5 million people quit their jobs last month, the lowest level in two-and-a-half years. Meanwhile, a gauge of consumer confidence produced by the Conference Board dropped to 106.1 in August, from 114. Investors have recently cheered data suggesting that the U.S. labor market and economy might be starting to slow, a dynamic that market strategists have called “bad news is good news.” The thinking is that a slowdown in the economy’s rate of growth could help the Fed justify cutting interest rates more quickly by helping to curb inflation.
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• Natural Gas Futures Mostly Flat This Morning
  Following three-straight sessions of strong gains, natural gas futures are mostly flat this morning on...
  Following three-straight sessions of strong gains, natural gas futures are mostly flat this morning on expectations that the major hurricane expected to hit Florida tomorrow will cut demand for both power and gas and as the heat wave that has been blanketing much of the country for the past few weeks began to ease. New data from Refinitiv showed the average gas output in the lower 48 U.S. states eased to 101.7 bcfd so far in August, down from 101.8 bcfd in July. That compares with a monthly record of 102.2 bcfd in May. Despite a seasonal cooling, meteorologists forecast the weather in the lower 48 U.S. states will remain mostly hotter than normal through at least Sept. 12.
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