NEWS

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The U.S put 6 oil rigs back in service as U.S.oil production was steady at 2300kbpd. US Natural gas rigs fell another 4. Canadian natural gas rigs fell 5, oil rigs rose 7

The OPEC Monthly Oil Market Report (MOMR) for August released Friday provides OPEC's outlook for crude oil market developments for the coming year with key developments impacting oil market trends in world oil demand and supply.

Chip equipment supplier Applied Materials reported better than expected third quarter earnings after the market close Thursday. $AMAT showed a 44% dip in earnings as weak performance from all three segments hurt net sales.

Graphic Chips maker NVidia beat earnings and revenue expectations for second quarter earnings. $NVDA revenue fell 17% y/y in the quarter, gaming, it's biggest segment had $1.31 billion in revenue, down 27%. The stock rose 7% on the beat.

EIA reported a lower than expected build of +49 Bcf in natural gas storage last week, Ahead we focus on LNG and Mexican exports and the hot weather expected in Texas.

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