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• Exxon signs land deal for offshore CO2 storage project
  ExxonMobil has secured more than 271,000 acres in the US Gulf of Mexico...
  ExxonMobil has secured more than 271,000 acres in the US Gulf of Mexico for an offshore carbon storage development in what marks the nation's largest CO2 lease. The company has already signed agreements with CF Industries, New Generation Gas Gathering, Linde and Nucor Steel to store their carbon, with more contracts in the pipeline, according to ExxonMobil Low Carbon Solutions President Dan Ammann.
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• ☕️What Else is Brewing
  Pro-Palestine protestors chained themselves to the New York Stock...
  Pro-Palestine protestors chained themselves to the New York Stock Exchange. Demonstrators from the group Jewish Voices for Peace broke into a fenced-off area outside the NYSE in lower Manhattan for a staged sit-in. The group’s political director told the New York Post that the goal was to “shut down business as usual on Wall Street.” Some of the protestors handcuffed themselves to the exterior doors of the building, and dozens were arrested. Per CNBC, none of the protestors made it inside onto the trading floor, and trading continued as usual.
  
  Bath and Body Works apologized and stopped selling a candle decorated with paper snowflakes that social media users said looked like Ku Klux Klan hoods.
  
  Adobe launched an AI video generator embedded in its Premiere app in an effort to compete with OpenAI, Meta, and Google.
  
  Lilly Ledbetter, the equal pay advocate and inspiration for the landmark 2009 bill that bears her name, died at 86.
  
  Canada expelled six Indian diplomats, alleging that they were part of a plot to intimidate Sikh separatists in the country. India retaliated by expelling six Canadian diplomats.
  
  Google announced it will purchase power from nuclear energy company Kairos Power to help “deliver on the progress of AI.”
  
  
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• Milton's toll on Fla. infrastructure lighter than expected
  Port Tampa Bay emerged largely unscathed from Hurricane Milton, with...
  Port Tampa Bay emerged largely unscathed from Hurricane Milton, with minimal damage to its docks, paving the way for fuel imports to resume soon. Meanwhile, some Florida fuel terminals remain offline or operating on backup power, but assessments and recovery efforts are underway to restore normal operations.
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• Oil falls 2% as OPEC cuts oil demand growth view, China concerns
   Oil prices fell 2% on Monday as OPEC...

   Oil prices fell 2% on Monday as OPEC lowered its 2024 and 2025 global oil demand growth view again while China's oil imports fell for a fifth month in a row.

  
  

  China's stimulus plans also failed to inspire investor confidence while markets continued to watch for potential Israeli attacks on Iranian oil infrastructure.

  
  

  Brent crude futures settled $1.58, or 2%, lower at $77.46 per barrel, while U.S. West Texas Intermediate crude futures fell $1.73, or 2.29%, to $73.83 per barrel. Brent had gained 99 cents last week, while WTI climbed $1.18.

  
  Here's some related information about oil and gas prices: 
  

  
  
  • OPEC demand forecast
    OPEC cut its demand forecast for 2024 for the third time in a row, expecting demand to grow by 1.9 million barrels per day.
  
  
  • Middle East conflict
    Escalating conflict in the Middle East has raised the possibility of oil supply disruptions and further crude oil price increases. 
  
  
  • China's economy
    Concerns over China's weakening economy, including a decline in inflation, have contributed to a fall in WTI crude oil futures.
  
  
  • Natural gas prices -Natural gas prices are rallying from extremely low levels but are still cheap. A cold snap this autumn could spur demand for heating and push gas prices higher.
  
  
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• Stocks end higher with Dow and S&P 500 scoring record closing highs
  U.S. stocks ended higher on Monday, with the Dow Jones...

  U.S. stocks ended higher on Monday, with the Dow Jones Industrial Average and the S&P 500 logging record closing highs as third-quarter earnings season moved into full swing.

  
  

  The Dow Jones Industrial Average went up 201.36 points or 0.47% to end at 43,065.22, a record close. It’s the index’s 37th record close of the year.

  
  

  The S&P 500 rose 44.82 points or 0.77% to finish at 5,859.85. It is the index’s 46th record close this year.

  
  

  The Nasdaq Composite gained 159.75 points or 0.87% to close at 18,502.69.

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