News
Market and company headlines
Speculators have piled into the biggest bearish natural gas bet in years, but a crowded short position and tightening storage leave the trade one cold snap away from an ugly reversal.
South Korea's tech-heavy KOSPI dropped 2.8% Thursday, with Samsung down 4% and SK Hynix sinking 5.5%. Read more here.

https://www.bloomberg.com/news/articles/2026-10-21/france-secures-qatar-lng-supplies-work-to-lower-fuel-transport
https://www.ft.com/content/61bf9676-ea46-4956-b87f-6ab096accafa
- Reuters
https://www.foxbusiness.com/energy/trump-administration-commits-42m-revive-stalled-northeast-natural-gas-pipeline
https://www.whitehouse.gov/presidential-actions/2026/10/implementing-the-lindsey-o-graham-sanctioning-russia-and-iran-act-of-2026/
Updated To Reflect Correct Total Rig Count
https://www.bloomberg.com/news/articles/2026-10-15/us-tells-iea-nations-it-s-unhappy-with-emergency-oil-release
Oil prices remain firm despite rising supply from the Persian Gulf. We expect oil prices to trade lower into year-end.
NOAA projects a 75% chance this El Niño becomes the strongest since 1950, landing on already strained global supply chains.
https://www.bloomberg.com/news/articles/2026-10-01/russia-plans-three-years-of-record-war-spending-under-new-budget
https://time.com/article/2026/10/01/donald-trump-2026-interview-transcript/
https://www.bloomberg.com/news/articles/2026-09-29/trump-to-unveil-54-billion-alaska-lng-plan-amid-midterm-woes
https://www.reuters.com/world/russia-raises-2027-military-spending-by-27-budget-documents-show-2026-09-28/
EM currency losses this week included the Colombian peso's 3.95%, the Mexican peso's 2.56%, the Peruvian sol's 1.7%, and the Hungarian forint's 1.1%. Read more here.

https://www.wsj.com/world/middle-east/trump-rejects-iran-ceasefire-expects-renewed-bombing-after-midterms-5982ee50
Madison Dearborn is acquiring USCF Investments, the issuer behind the United States Oil Fund, by taking its parent company private at a 100% premium.