WorldOil Oil set for longest losing run since 2015 amid economy fears Oil headed for the longest run of weekly declines in three years as turbulence in emerging markets and the ongoing trade conflict between the U.S. and China stirred fears that fuel demand may suffer. China tariffs could mean bleak winter ahead for U.S. LNG This winter could be a bleak one for America’s natural gas exporters as the fastest-growing buyer of the fuel threatens to halt purchases amid an escalating trade war. EIA: Haynesville natural gas production reaches five-year high In June 2018, natural gas production in the Haynesville shale formation, located in northeastern Texas and Louisiana, averaged 6.35 Bcfd, accounting for 8.5% of the total U.S. dry natural gas production, Haynesville’s highest production level since November 2012. DNO ramps up in Kurdistan, plans dividend payments DNO ASA, the Norwegian oil and gas operator, today announced plans for its first dividend distribution to shareholders in 13 years following release of strong half-year 2018 results, including revenues of $289 million, which were up 83% from the same period last year. Oil shrugs at revival of U.S.-China trade talks to ease tensions Signs of easing tensions between the world’s two largest economies have done little to lift oil as surging U.S. stockpiles offset potential gains in crude futures. Deal frenzy swells with Diamondback's $8.4-billion shale buyout Diamondback Energy’s agreement to buy Energen in an $8.4 billion all-stock deal launches Permian buying spree that should shake up the U.S. shale industry. EIA: Offshore discoveries in the Mediterranean to increase Egypt’s gas output Natural gas production in Egypt has been in decline, falling from a 2009 peak of 5.8 Bcfd to 3.9 Bcfd in 2016, based on estimates in BP’s Statistical Review of World Energy. The startup of a number of natural gas development projects located offshore in the eastern Mediterranean Sea near Egypt’s northern coast has significantly altered the outlook for the region’s natural gas markets. Oil recovers as Turkey tumult calms, U.S. supplies seen falling Crude rose as troubles in Turkey showed signs of abating and amid expectations of tightening inventories in the U.S. After $80-billion blowouts, mega oil and gas projects are back Investors are about to find out whether the world’s largest oil companies have learned their lesson from $80 billion of cost blowouts in major projects during the era of $100-crude. India is considering 50% Iranian oil cut to win U.S. waiver India may cut Iranian oil imports by 50% to secure a waiver from the U.S. to continue with shipments.