Shell and TotalEnergies post highest quarterly profit since 2022 as war-driven refining margins hit records
Bumper refining and trading results across the majors reflect how the Middle East conflict has reshaped global fuel markets and lifted oil company earnings.
Rigzone · +13 outlets
Europe to release 42 million barrels of emergency oil stocks over three months, France says
The coordinated release, half of it diesel, is aimed at easing fuel prices before winter as the Iran conflict keeps crude elevated.
Rigzone · +14 outlets
WTI holds above $100 as traders weigh Iran peace hopes against war escalation risk
Crude remains historically high as conflicting signals on US military strategy in Iran and diplomatic outreach keep the market volatile.
FXStreet · +14 outlets
Sinopec third-quarter profit jumps 64% as higher oil prices lift refining margins
China's largest refiner benefited from higher crude prices even as it failed to fully capture record global refining margins.
Oilprice · +11 outlets
US crude inventories fall for fourth straight week, down 1.9 million barrels
Shrinking crude stocks, alongside rising gasoline inventories, signal tightening supply as the war keeps pressure on prices.
AzerNews · +13 outlets
Petrobras posts record Q3 oil and gas output of 3.512 MMboed, up 11.7% year on year
The Brazilian state oil giant's record production underscores its growing role in global supply amid the Middle East disruption.
Yahoo Finance · +4 outlets
Trump administration proposes rollback of EPA methane rules for oil and gas
The EPA proposal targets energy costs and production, with the agency saying it would have minimal impact on crude prices.
NPR · +13 outlets
US natural gas production hits record highs as demand surges
Record output is reshaping the outlook for US producers and pipelines even as global LNG markets stay tight.
Crude Oil Prices Today · +14 outlets
Exxon and Chevron executives cancel ADIPEC trip to Abu Dhabi over security concerns
The canceled Gulf visits highlight how regional security risks are disrupting normal industry engagement during the Iran conflict.
Oilprice · +14 outlets
EQT's acquisition of Range Resources creates America's largest natural gas producer, Wood Mackenzie says
The deal would give the combined company a roughly 25% lead over its nearest rival in US gas output.
Rigzone · +13 outlets
Phillips 66 posts $5.62 billion quarterly profit, above expectations, on higher refining margins
The refiner's results add to evidence that the Middle East conflict has delivered a windfall to fuel makers.
Rigzone · +9 outlets
Global natural gas demand outlook upended by Iran war and missing Middle East LNG
Europe and Asia have leaned more on renewables and coal for power as LNG supply disruptions reset import cost forecasts.
Oilprice · +14 outlets
Equinor doubles estimate for major North Sea gas discovery
The upgraded resource estimate strengthens Europe's long-term domestic gas supply prospects.
Crude Oil Prices Today · +14 outlets
Trump blames soaring energy prices on climate regulations after Iran war triggers oil crisis
The remarks come as US pump prices stay high, with the president calling it short-term pain for long-term gain.
Futurism · +14 outlets
Carlos Slim sells $1.15 billion in US oil stocks as crude prices rally
The Mexican billionaire halved stakes in PBF Energy and Talos Energy after this year's energy share rally.
Oilprice · +2 outlets
Trafigura signs $1.5 billion-backed gas supply deal with Germany's SEFE
The five-year contract for more than 150 TWh of natural gas reinforces Europe's shift away from Russian pipeline supply.
Oilprice · +5 outlets
UK Budget signals wave of new North Sea oil and gas drilling approvals
Industry body Offshore Energies UK said the budget still missed bigger opportunities for the sector.
Oilprice · +2 outlets
Finland's Posiva wins operating license for world's first permanent nuclear waste repository
The approval in Eurajoki marks a milestone for long-term disposal of spent nuclear fuel.
Oilprice