Oil retreated from a six-month high as senior officials from several countries flew to Tehran.
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North America added three rigs week on week, according to Baker Hughes' latest North America rotary rig count.
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Indian refiners are increasingly turning to Persian Gulf crude and pulling back from their mainstay supplier Russia.
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The U.S. Energy Information Administration further raised its U.S. crude oil production forecast for 2026 in its latest short term energy outlook.
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'The proposed arrangement marks a new milestone in energy cooperation between Singapore and the Kingdom of Saudi Arabia', a joint statement said.
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Dalia Energies has sought arbitration in London over a 20-year natural gas supply agreement terminated by NewMed Energy and Ratio Energies, Chevron's local partners in the offshore Leviathan field.
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Top security officials from Saudi Arabia, Pakistan and Turkey are set to meet Iran's leaders in an effort to defuse tensions and breathe new life into talks aimed at preventing a broader war in the Middle East.
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The payout bump-up is underpinned by a strong cash flow outlook as production and prices increased year-on-year.
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SLB, formerly known as Schlumberger, is seen as a bellwether for oil and gas companies.
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Oil prices climbed as escalating attacks on Saudi Arabia heightened fears of Middle East supply disruptions.
#oilgas #oilandgas #oilprices #finance #business #OOTT
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Norway produced over 10.5 billion cubic feet per day of natural gas in September, its lowest monthly figure this year, according to preliminary official data.
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'The Trump administration is advancing the long-delayed natural gas pipeline to strengthen America's energy security', the DOE said.
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The global average crude freight rate surged above $20 per barrel, from $3 per barrel a year ago, analysts at Goldman Sachs said.
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The price of Brent crude oil reached $114 per barrel intraday on Friday.
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However, the European Commission assured there was 'currently no physical shortage of these products in Europe'.
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The sale may attract interest from private equity suitors, and the oil companies are aiming for a deal that values the unit at about $8 billion, according to the Financial Times.
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The new appointment 'formalizes his executive leadership at the board level as the company moves from the appraisal phase into development', the early-stage natural gas exploration and production company said.
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Brent climbed above $113 amid Saudi attacks and renewed Iran tensions, while global diesel supplies remained tight.
#oilgas #oilandgas #oilprices #finance #business #OOTT
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Commercial crude oil stocks, not including the SPR, came in at 412.517 million barrels on October 16, the EIA's latest weekly petroleum status report showed.
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Mahmoud Mashal, Senior Market Analyst at VT Markets Dubai, highlighted that both WTI and Brent oil prices were rising intraday 'as escalating tensions in the Middle East revived concerns over Gulf supply'.
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