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Energy, Oil, Frac Spread, Rig Count, Gas

Energy, Oil, Frac Spread, Rig Count, Gas

Rig Counts Fall, Jobs Stall in Shale Country

M&A, Oil, Upstream

M&A, Oil, Upstream

U.S. Oil M&A Activity Drops 21 Percent

Syria, Energy, Oil, Gas

Syria, Energy, Oil, Gas

Syria Attracts U.S. Investment in Oil and Gas

Natural Gas, Oklahoma, Energy, Rig Count

Natural Gas, Oklahoma, Energy, Rig Count

Oklahoma Energy Sees Bullish Shift Toward Natural Gas

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Dow ends 170 points lower Thursday, stocks book losses for August
The Nasdaq closed higher for a fifth straight session on Thursday,...
The Nasdaq closed higher for a fifth straight session on Thursday, but the major U.S. equity indexes still ended August with losses. The Dow Jones Industrial Average DJIA shed about 169 points on Thursday, or 0.5%, ending near 34,721. The S&P 500 Index SPX fell 0.2% and the Nasdaq Composite Index COMP rose 0.1%.

Stocks enjoyed a bounce in the final week of August but still closed out the month in the red, with the Dow off 2.4%, the S&P 500 1.8% lower and the Nasdaq down 2.2%. The monthly jobs report due Friday is expected to show a slowdown in hiring, but the unemployment rate is anticipated to remain low at 3.5%, near the lows of the late 1960s, worrying investors about the potential need for more rate hikes from the Federal Reserve to keep inflation on the decline. Despite volatility in long-term rates in August, the Nasdaq was up 34.1% this year, its best first eight months to a year since 2003.
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Energy Sector Commentary
The energy sector is off to a...
The energy sector is off to a broadly higher start, supported by strength in the underlying commodities and in the major equity futures. U.S. stock index futures are set to open higher after data showed the PCE price index, considered to be the Fed's preferred inflation gauge, climbed 3.3% in July on an annual basis in line with estimates of a 3.3% rise. Meanwhile, the core PCE price index rose 4.2% in July on an annual basis, also meeting expectations.

WTI and Brent crude oil futures are trading higher for the sixth-straight session boosted by a large drawdown in U.S. crude inventories and production cuts by OPEC+, but a slowdown in China's manufacturing activity limited gains. China's manufacturing activity shrank again in August as the official PMI rose to 49.7 from 49.3 in July, but still remained below the 50-point level.

Natural gas futures are moving higher for the second-consecutive session as the NOAA's 6-10 day outlook shows above-normal temps from the eastern Rockies to the East Coast, and extending into the Four Corners region.
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Europe's plan to wean itself off Russian fossil fuels by 2027 has a major flaw
The EU wants to wean itself off Russian fossil fuels by 2027 and has cut its use of piped Russian gas...
The EU wants to wean itself off Russian fossil fuels by 2027 and has cut its use of piped Russian gas dramatically.

Even so, EU countries imported a record amount of Russian LNG this year, per Global Witness.

EU countries are snapping up Russian LNG to replace piped natural gas from the country.

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Farmers' Almanac just dropped its winter 2023 predictions
The Farmer's Almanac just released its weather predictions for winter 2023-2024, and you better...
The Farmer's Almanac just released its weather predictions for winter 2023-2024, and you better get out our heaviest winter coats.

Great news for lovers of snow and all things winter - and not so good for the other half of that lot. Here's what the Farmer's Almanac had to say about this upcoming winter - and if last year's Farmer's Almanac report taught us anything, it's that they're pretty darn accurate.

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Market Outlook
The S&P 500 futures are up 13 points and are trading 0.3%...
The S&P 500 futures are up 13 points and are trading 0.3% above fair value. The Nasdaq 100 futures are up 24 points and are trading 0.2% above fair value. The Dow Jones Industrial Average futures are up 185 points and are trading 0.5% above fair value.

Personal income rose 0.2% in July (Briefing.com consensus 0.3%) following a 0.3% incline in June. Personal spending rose 0.8% in July (Briefing.com consensus 0.7%) following a revised 0.6% incline in June (from 0.5%).

The PCE Price Index increased 0.2% in July (Briefing.com consensus 0.2%) following a 0.2% increase in June. The core-PCE Price Index, which excludes food and energy, increased 0.2% in July (Briefing.com consensus 0.2%) following a 0.2% increase in June.

Weekly initial jobless claims totaled 228,000 (Briefing.com consensus 235,000) following last week's revised count of 232,000 (from 230,000). Continuing claims came in at 1.725 million following last week's revised total of 1.697 million (from 1.702 million).
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