Archive snapshot · Energy
Mon, Nov 2, 8:32 PM ET
Oil prices slide over 3% as Trump signals more time for Iran diplomacy ahead of US midterms
Renewed optimism about a US-Iran peace deal and mediation talks between Iran and Qatar pushed crude lower, easing pressure on global markets even as the Strait
Oilprice · +13 outlets
ADNOC CEO says global oil inventories have fallen nearly 1 billion barrels since Iran war began
Sultan Al Jaber warned that eroded supply buffers mean the world needs more strategic storage and refining capacity closer to consumers after the Hormuz disrupt
Oilprice · +14 outlets
Blackstone-led group buys $3.1 billion stake in LNG Canada; Mitsubishi selling $1.6 billion position
Blackstone Credit & Insurance and Canadian institutional investors are acquiring a stake in the Shell-led LNG Canada export project, with Mitsubishi selling dow
Oilprice · +7 outlets
Oil inventories head toward multi-decade lows, EIA warns; SPR at lowest since 1983
The agency flagged shrinking stockpiles as the Iran war depletes reserves, with the IEA's chief saying it stands ready to further tap emergency oil reserves if
EnergyNow.com · +9 outlets
OPEC+ keeps December output targets unchanged as Middle East conflict curbs group's supply
Major OPEC+ producers reaffirmed current production quotas for December, holding steady even as the Iran conflict continues to remove swaths of supply from the
Rigzone · +13 outlets
Goldman Sachs raises December Brent forecast to $105, sees prices elevated into next year
Goldman's upward revision of nearly 17% reflects persistent supply disruption from the Iran conflict and depleted global inventories.
Oilprice · +14 outlets
US discussed restoring Russian gas flows to Europe via Ukraine pipelines, WSJ reports
The reported talks, sourced to unnamed officials involved in the discussions, signal a potential shift in the transatlantic approach to European gas supply.
Oilprice · +14 outlets
US midterm elections in focus as oil slump lifts stock futures ahead of Apple earnings
Falling crude prices and easing risk aversion lifted equity futures, with investors watching midterm results, jobs data, and Apple's earnings for direction.
Yahoo Finance · +14 outlets
TotalEnergies to acquire 30% stakes in two Malaysian offshore gas fields
The French supermajor signed agreements with PETRONAS to buy operated interests in the fields to boost feedstock supply to the existing Malaysia LNG plant.
Oilprice · +14 outlets
Big oil pockets near-record profits from Iran and Ukraine wars but keeps spending restrained
Elevated crude prices and wartime supply disruption have lifted earnings across the majors, yet muted capital spending signals long-term doubts about the boom.
Marine News Magazine · +8 outlets
European stocks slip, oil drops as midterm caution prevails and Fitch cuts France's credit outlook
European equities posted modest losses as investors weighed looming US midterm elections, weaker oil prices, and a downgrade to France's credit outlook.
Reuters · +11 outlets
BP completes $6 billion sale of 65% stake in Castrol lubricants business
The disposal gives BP cash to pay down debt as the oil major works to repair its balance sheet amid elevated crude prices and volatile markets.
Rigzone · +14 outlets
Iraq boosts crude exports via Turkey's Ceyhan port to 500,000 bpd
The increase comes as OPEC's second-largest producer started trucking Basrah crude to the northern pipeline system, expanding an alternative to Hormuz routes.
Oilprice · +7 outlets
European gas retreats from 2022 highs after 30% October surge
The pullback follows a sharp monthly rally driven by supply concerns, though prices remain historically elevated heading into winter heating season.
Yahoo Finance Singapore · +2 outlets
Venture Global begins commercial operations at Plaquemines LNG Phase 1
The startup of the Louisiana export facility adds significant new US LNG capacity to the global market amid strong long-term demand from overseas buyers.
Crude Oil Prices Today · +14 outlets
Chevron raises exploration spending by 50% in return to frontier drilling
After years focused on the Gulf of Mexico and Permian, the supermajor is renewing its portfolio with high-impact frontier exploration bets.
Oilprice · +8 outlets
US crude output rose in August while petroleum demand declined, EIA says
The monthly data showed domestic production gains even as demand softened, with Cushing hub inventories also following the national decline.
EnergyNow.com
Global oil stocks could fall another 900 million barrels even if ceasefire is extended, Citi says
The bank's projection points to continued inventory depletion and sustained supply risk regardless of how the Iran conflict resolves.
EnergyNow.com · +1 outlets

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