A daily digest of The Wall Street Journal’s coverage of energy companies, commodity markets and the forces that shape them. Crude oil production in the Organization of the Petroleum Exporting Countries rose month-on-month by 278,000 barrels a day in August, the cartel said, citing secondary sources. OPEC again revised down slightly its world oil demand growth forecasts for this year and next, a result of weaker demand in Latin America and the Middle EastMeanwhile, oil prices were higher Wednesday as investors monitor tropical storms heading toward the U.S. East Coast that could disrupt oil production in the Gulf of Mexico. The former makes it susceptible to a China slowdown—prices for low-caloric value Indonesian coal have tumbled since June, while oil prices have remained high. BIG NUMBER: $620 MILLIONInvestment firm Carlyle has entered into a $620 million joint venture with Diamondback Energy to develop oil and gas assets in Texas.

Source: Wall Street Journal September 12, 2018 12:00 UTC