NATIONAL: Rigs keep dropping out of U.S. patch as oil, gas both down; Trump sides with farmers in ethanol proposal, angering oil industry; Working natural gas storage capacity utilization reaches 80% or more in EIA’s three largest regions; Slower production growth putting less pressure on prices in 2019/20 winter, says NGSA; U.S. shale oil and natural gas, underestimated its whole life; Rising ethane demand means less rejection, more recovery and higher prices; INTERNATIONAL: Energy transition? Not so fast, one expert says; Pipelines from Russia cross political lines; OPEC chief invites all 97 oil producers to join OPEC+ coalition; Iran says Chinese state oil firm withdraws from $5b natural gas deal.
NATIONAL: Rigs keep dropping out of U.S. patch as oil, gas both down; Trump sides with farmers in ethanol proposal, angering oil industry; Working natural gas storage capacity utilization reaches 80% or more in EIA’s three largest regions; Slower production growth putting less pressure on prices in 2019/20 winter, says NGSA; U.S. shale oil and natural gas, underestimated its whole life; Rising ethane demand means less rejection, more recovery and higher prices; INTERNATIONAL: Energy transition? Not so fast, one expert says; Pipelines from Russia cross political lines; OPEC chief invites all 97 oil producers to join OPEC+ coalition; Iran says Chinese state oil firm withdraws from $5b natural gas deal.