Lower 48 natural gas production has notched a year-on-year deficit in the first six days of October. Month-to-date volumes have averaged about 102 Bcf/d, according to data from our U.S. NATGAS Billboard report, down an average of 0.5 Bcf/d year-on-year.

Occidental Petroleum (Oxy) and the Abu Dhabi National Oil Corporation (ADNOC) agreed October 3 to begin a preliminary engineering study for the first megaton-scale direct air capture (DAC) facility outside the U.S.

​The EIA reported that total U.S. propane/propylene inventories were essentially unchanged for the week ended September 29, which was below average industry expectations for a 1.6-MMbbl gain and the 1.4 MMbbl average build for the week. Total U.S.

Data from the Crude Voyager report shows that Gulf Coast export terminals have loaded more than 1 billion barrels of crude oil for export so far this year — a level not achieved until late November last year, indicating robust exports so far this year.

A sequestration hub capable of storing 30 million metric tons of carbon dioxide (CO2) is being planned for the Midland Basin in West Texas, hub developer Milestone Carbon said in an announcement.