Industry News

Oil climbed as traders gauged Washington's appetite for renewed military escalation against Iran.

ExxonMobil Holdings Corp. plans to invest more than $100 billion over the next few years to help augment global energy supplies, Chief Executive Officer Darren Woods told CNBC.

Commercial crude oil stocks, not including the SPR, came in at 410.625 million barrels on October 23, the EIA's latest weekly petroleum status report showed.

BP announced a new hydrocarbon discovery in Brazil's Santos Basin, in the deepwater Tupinamba block.

Chevron Corp. surpassed analysts' estimates.

'An underwater remotely operated vehicle has located the bodies of three individuals', Borr Drilling revealed.

Junin-5 restarted operations following the execution of the new license between Eni and Venezuela, under which the heavy oil field is planned to increase production to 200,000 barrels per day by 2028.

The UK's Autumn Budget was described by global chemical company Ineos as 'a major missed opportunity to save British manufacturing'.

An appraisal well showed that the Afrodite discovery near the Kvitebjorn field on Norway's side of the North Sea potentially holds 77-180 million barrels of oil equivalent recoverable natural gas and condensate.

BP said profit surged to the highest in 18 years as soaring refining margins boosted earnings, while a sharp drop in net debt moved the British energy major closer to a position where it could restart buybacks.

Oil fluctuated in a choppy session as traders weighed conflicting signals on the direction of U.S. military strategy in Iran.

Sinopec, China's biggest oil refiner, posted higher third-quarter profits.

TotalEnergies executed a swap transaction with Chevron that gives the French company a 25 percent stake in 26 leases operated by its United States rival in the Gulf of America.

EQT's acquisition of Range Resources 'creates America's largest natural gas producer', Wood Mackenzie highlighted.

Phillips 66 reported $5.62 billion in net profit for the third quarter, up from $3.85 billion for the prior three-month period on higher refining margins.

Repsol has budgeted EUR 11.5 billion in investment at home through the decade to support Spain's energy security and advance the company's transition to a lower-carbon future.

Europe will release 42 million barrels of oil reserves into the market over the next three months as part of its commitment to ease prices, France's economy minister Roland Lescure said.

There's a 66 percent chance that Democrats 'sweep' the midterms, according to Polymarket's website.

TotalEnergies reported $9.1 billion or $4.03 per diluted share in net profit adjusted for nonrecurring items for Q3, and expressed confidence high LNG prices and refining margins would continue to underpin results through the year.

The 2026 UK Budget delivered by UK Chancellor of the Exchequer John Healy on Wednesday 'missed bigger opportunities', industry body Offshore Energies UK said.