TotalEnergies sees slight profit increase on higher oil output
(World Oil)– TotalEnergies SE said its third-quarter profit and cash flow may rise slightly after oil and gas output increased and refining margins jumped from a year earlier, outweighing a drop in crude prices.
TotalEnergies sees slight profit increase on higher oil output
(World Oil)– TotalEnergies SE said its third-quarter profit and cash flow may rise slightly after oil and gas output increased and refining margins jumped from a year earlier, outweighing a drop in crude prices. Despite a drop in oil price
Cenovus Energy acquires additonal shares in MEG Energy
(BOE Report)– Cenovus Energy bought more shares in MEG Energy, raising its stakes to
U.S. expects Japan to suspend Russian energy purchases
(Oil Price)– The United States expects Japan to stop importing Russian energy,
Traders spooked by massive crude inventory build
(Oil Price)- The American Petroleum Institute (API) estimated that crude oil inventories
Cenovus Energy acquires additonal shares in MEG Energy
(BOE Report)– Cenovus Energy bought more shares in MEG Energy, raising its stakes to 9.8% in the Canadian oil sand company. This follows Cenovus’s Tuesday purchase of 21.7 million shares, strengthening its position to acquire one of Canada’s last large
U.S. expects Japan to suspend Russian energy purchases
(Oil Price)– The United States expects Japan to stop importing Russian energy, Treasury Secretary Scott Bessent said on X, following a meeting with Japan’s Finance Minister, Katsunobo Kato. “Minister Kato and I also discussed important issues pertaining to the U.S.-Japan economic
Traders spooked by massive crude inventory build
(Oil Price)- The American Petroleum Institute (API) estimated that crude oil inventories in the United States increased by a large 7.36 million barrels in the week ending October 10. Analysts had forecast a much smaller 120,000-barrel build for the week.
Company to watch
Weekly Inventories
U.S. crude oil inventories increase by 3.5 million barrels
Weekly Crude Oil Storage as of October 10, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.5 million barrels from the previous week. At 423.8 million barrels, U.S. crude oil inventories are 4%
Weekly Gas Storage: Inventories increase by 80 Bcf
Natural Gas Inventories as of October 10, 2025 The EIA has released its natural gas inventory report, showing a net increase of 80 Bcf as of October 10, 2025. Working gas in storage was 3,721 Bcf as of Friday, October
U.S. rig count decreased by 2 is at 547
This week’s Baker Hughes Rig Count shows that the U.S. decreased by 2 last week, resulting in a total count of 547 rigs. Canada had an increase of 3 over last week, resulting in a total Canadian count of 193
