Brent tops $113, highest since May, as Houthi attacks on Saudi energy sites and Iran tensions escalate
Renewed strikes on Saudi facilities and hints of US action on Iran lifted crude to a five-month high, reviving fears of Gulf supply disruption.
Rigzone · +14 outlets
AI stock selloff deepens worldwide as oil surge compounds risk-off mood; S&P 500 and Nasdaq notch worst day in months
Global equities fell on revived doubts about AI spending and a jump in crude, with Meta-related tech weakness driving the steepest declines since mid-year.
Bloomberg.com · +14 outlets
Saudi Arabia seeks access to foreign strategic oil storage for Aramco as attacks test supply
Riyadh is exploring foreign storage arrangements and evacuated Aramco's headquarters after a wave of Houthi attacks raised supply-security concerns.
Rigzone · +14 outlets
Global oil inventories approach eight-year low, Goldman warns as depletion speed concerns mount
Thin global crude stockpiles leave markets vulnerable to a sharper price spike if Middle East disruptions persist.
EnergyNow.com · +5 outlets
LNG Canada approves Phase 2 expansion, doubling capacity as Asia looks beyond the Gulf
Shell, PETRONAS, PetroChina, Mitsubishi and KOGAS sanctioned the FID to double the facility's output amid Asian demand for non-Gulf supply.
Oilprice · +14 outlets
EU Arctic strategy recommends oil and gas stay in the ground
Brussels will shun Arctic-produced crude and gas and urge that reserves remain undeveloped under its new Arctic policy.
Oilprice · +13 outlets
European natural gas prices climb to nearly 90 euros per MWh on Middle East escalation
Benchmark European gas rose to about $29.50 per MMBtu as traders weighed winter supply risks tied to the Gulf conflict.
Oilprice · +14 outlets
US crude oil inventories fall 3 million barrels, beating forecasts, EIA weekly data show
Commercial crude stocks excluding the SPR dropped to 412.5 million barrels in the week to October 16.
Rigzone · +11 outlets
Gas prices unlikely to fall below $4 a gallon before midterms, experts say
Analysts see elevated fuel costs persisting through the election as the Iran conflict limits relief at the pump.
شبكة تواصل الإخبارية · +13 outlets
QatarEnergy turns to Cheniere for US LNG as Iran war disrupts exports
The Qatari producer is seeking US liquefaction capacity as conflict-related disruptions constrain its own export flows.
Crude Oil Prices Today · +11 outlets
Trump claims Iran is doing everything it can to drive up oil prices ahead of midterms
The president tied rising pump prices to Iranian actions as his administration faces political pressure over energy costs.
CBS News · +13 outlets
Iran's floating oil reserves used for China sales fall to 866,000 barrels, analysts say
Shadow-fleet stockpiles that Iran relied on for Chinese sales are reported depleted under US naval blockade pressure.
The Jerusalem Post · +7 outlets
Iran says seven ships hit in Persian Gulf as oil prices surge
Tehran's claim of tanker strikes raised fresh concerns over Strait of Hormuz shipping and supply.
Crude Oil Prices Today · +14 outlets
Heating oil prices jump, up 70%, as Northeast residents prepare for winter
Higher crude and tight diesel supplies are raising winter home-heating costs across the Northeast.
Marketplace.org · +14 outlets
ADNOC's XRG in talks to buy stake in Eni's Libya oil and gas business
The potential deal would expand the Abu Dhabi group's footprint in North African upstream assets.
Reuters · +14 outlets
European Parliament votes to approve three-year delay on EU methane rules
Lawmakers backed postponing the bloc's methane emissions limits, a relief for oil and gas operators.
The Mighty 790 KFGO · +14 outlets
Libya-Turkey maritime deal paves way for broader Turkish drilling in the Mediterranean
Ankara moved closer to expanded eastern Mediterranean exploration after one of Libya's two governments endorsed disputed boundaries.
Rigzone · +1 outlets
Santos posts record quarterly output on new LNG and oil projects
The Australian producer reported about $2 billion in third-quarter sales revenue, up 49 percent quarter on quarter.
Bloomberg.com · +1 outlets