HOT OF THE PRESSES – New week brings new optimism in the stock market as equities market as each major indices finishes green, with NASDAQ finishing up 1.75% off the back of TikTok (yes, TikTok) US Operations gets sold (?) to Oracle (HAHAHA) pending US regulators approval. Telsa gets a bump from Goldman Sachs with a report citing increasing Chinese demand and Nvidia is buying chipmaker Arm Holdings from Softbank for $40 billion.

On the crude oil side, crude oil prices finish flat around $37.19 late in the morning trading session, with the Gulf of Mexico prepping for a Tropical Storm that will shut in at least one Philips 66 refinery. Natural gas prices rise off cooling temperatures and seasonal draws coming in. OAG360 expects a draw of natural gas stocks around 35 BCF on Thursday.

US Shale News

• Will Oasis make interest payment?
• Biofuel mandate waivers DENIED by EPA

International

• BP Energy Week Update: Peak Oil Demand and Green Energy
• US Regulators split with EU/UK over ESG investing

360 News Desk: https://www.oilandgas360.com/eenfp/newsdesk/

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