News

1. Saudis Tell OPEC That Oil Output Recovered from 3 Decade Low

   Saudi Arabia reported to OPEC that its crude production jumped by a third last month.

2. Brent Steady Amid Middle East Tensions

   Oil prices settled mixed as Middle East supply threats persisted and traders took profits.

3. Equinor Bags New Contract to Supply Dutch with Norwegian Gas

   Equinor and Eneco have now signed three agreements this year for gas supply to the Netherlands and Germany.

4. Uniper Seals $3.4B in New Financing

   The new financing, coordinated by ING and UniCredit, reflects 'Uniper's importance to Europe's energy supply', said chief financial officer Christian Barr.

5. BP Slashes Debt

   BP expects net debt to have declined by as much as $7.8 billion as of the end of the third quarter.

6. Dallas Fed Examines Theft in the Oil Field

   The third quarter Dallas Fed Energy Survey examined theft in the oil field.

7. Murphy Announces New Startups, Exploration Success

   Murphy Oil began production at two projects in the United States Gulf of America and Vietnam, as well as made another discovery in the Southeast Asian country and successfully appraised an Ivorian discovery.

8. Chinese Refiners to Slow Inventory Drawdowns

   Chinese refiners will slow drawdowns of oil from reserves this month as crude imports recover, according to Energy Aspects.

9. GasBuddy Flags Fragile Calm at the Pump

   GasBuddy flagged a 'fragile calm at the pump' in the United States.

10. October Is Beginning to Look a lot Like April for Oil

    October is beginning to look a lot like April for the oil market, analysts at J.P. Morgan said.

11. Oil Carriers Linked to Japan Return to MidEast

    Oil tankers with links to Japan appear to be picking up Middle East cargoes directly in the region once again, a tentative but significant return for the first time since the war began in February that speaks to soaring freight and logistics costs.

12. Brent Tops $106 as Supply Risks Intensify

    Brent settled above $106 amid escalating Middle East tensions and uncertainty over a Russia-Ukraine energy truce.

13. Japan Urges Oil Stockpiling, Development

    Japanese Trade Minister Ryosei Akazawa called for stronger cooperation between oil-producing and consuming countries as well as greater oil stockpiling and infrastructure development in Asia.

14. TotalEnergies, KKR Add 700 MW to US Solar JV

    TotalEnergies and KKR agreed to expand their 50:50 solar joint venture in the United States to 2,100 megawatts.

15. Matador Completes Ridge Runner Acquisition from EnCap

    Matador Resources completed the acquisition of two portfolio companies of EnCap Investments that are operating in the Delaware Basin.

16. North America Adds Rigs for 3 Straight Weeks, BH Count Shows

    North America added 11 rigs week on week, according to Baker Hughes' latest North America rotary rig count.

17. Zelenskyy Risks Split with Trump

    Ukrainian President Volodymyr Zelenskyy is on a collision course with President Donald Trump.

18. Shell Comes In after BP Exits Equinor Oil Project offshore Canada

    'The transaction supports the continued maturation of Bay du Nord towards an investment decision currently targeted for early 2027'.

19. Eni Sells Part of Stake in 7 Indonesian Blocks

    'Pertamina's participation as the national oil and gas company in these assets is expected to directly support and accelerate the Kutei North Hub Project (North Ganal and Rapak blocks)'.

20. USA Oil, Gas Workforce Hits Post Pandemic September Low

    The number of employees in the oil and gas extraction industry hit a post pandemic September low, data on the U.S. Bureau of Labor Statistics website showed.