OPEC+ Set to Hold Oil Production Steady in December as Producers Focus on 2027 Strategy

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EnergyNow Media | October 31, 2026 OPEC+ is expected to maintain its current oil production targets through December, signalling a cautious approach to global supply management amid continuing geopolitical uncertainty and negotiations over production levels for 2027. According to Reuters, seven key OPEC+ producing nations have reached an agreement in principle to leave December production …

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GETTING MIDTERMS ATTENTION – Power Bills and Data Centers Cast Rare Spotlight on Utilities in US Midterms

Electricity Grid, Energy Topics & Technology, Latest, US News, Utilities / By

Summary US electric bills up 10% since 2024, far outpacing inflation Some states hosting data centers have seen rates spike much more Candidates from both parties vow to control electricity rates (Reuters) – US electricity prices had flown under the radar in past national elections, but they have become a major political issue in this …

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US Orders Non-Emergency Staff to Leave Saudi Arabia Over Security Risks

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(Reuters) – The United States ordered non-emergency government employees and their family members to leave Saudi Arabia effective October 23 due to safety risks, the US embassy in Riyadh said on Friday, citing Houthi attacks on civilian airports and other critical infrastructure. US government employees require special authorisation to use Saudi airports following recent missile …

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US Crude Output Rose in August While Petroleum Demand Declined, EIA Says

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, US News / By

(Reuters) – US crude oil output rose in August, while demand for crude oil and petroleum products declined, the US Energy Information Administration (EIA) said in its Petroleum Supply Monthly report on Friday. US crude oil production rose 19,000 barrels per day in August to 13.965 million bpd, compared with the EIA’s revised July figure …

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Big Oil’s Spending Caution Speaks Louder than its Profits: Bousso

Conventional Energy, Energy Commentary, Energy Topics & Technology, Latest, Oil, US News / By

(Reuters) – Big Oil is reaping near record cash windfalls from the eight-month-old Iran war, but Western energy producers’ reluctance to ramp up spending reveals persistent doubts about the industry’s long-term outlook. BP, Chevron, Exxon Mobil, Shell and TotalEnergies reported combined net profits of $56 billion in the third quarter, driven by surging oil and …

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Energy Index Hits Record High as Oil Rally Lifts Sector

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(Updates) S&P 500 energy index hits record high, tracking higher crude prices, last up 1.4% Brent crude futures up 2.2% at $117.41/barrel, on course to finish over 13% higher for the month US West Texas Intermediate (WTI) crude futures climbed 2.04% to $104.8/barrel, heading for a monthly jump of about 15% Prices rise as fears …

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ExxonMobil Announces Third-Quarter 2026 Results

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Decade of disciplined investment delivering industry-leading results, supplying products society needs Reported EPS of $3.72, or $4.23 adjusted EPS1 Record year-to-date refining operational performance: highest global fuels utilization excluding Middle East impacts2; highest global diesel yield3; and highest North American diesel volumes3 Achieved cumulative Upstream production milestones: 1 billion barrels at both Guyana and Kearl, …

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Trump Touted a Record Venezuela Oil Deal. Now Reality is Setting In

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By Marianna Parraga, Mircely Guanipa and Mariela Nava Little-known oil firm NABEP pledges to quadruple output to more than 1 million barrels per day Oil expert says only about 10 billion barrels are realistically developable within 25 years NABEP faces challenges in staffing up and repairing dilapidated infrastructure HOUSTON/MARACAIBO, Venezuela, Oct 30 (Reuters) – President …

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Canadian Oil Discount Exceeds US$30 Amid Gulf Coast Pressures

CDN and International News, Conventional Energy, Energy Topics & Technology, Finance, Latest, Oil / By

Canadian governments have prioritized diversifying oil trade away from the U.S. amid a wider trade dispute By Robert Tuttle A collection of five of 10 of the pumpjacks on a Canamax Energy Ltd. well site work together on a piece of property northeast of Grimwhaw, Alta. Photo by RANDY VANDERVEEN Heavy crude oil in Alberta …

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U.S. Rig Count Holds at 603 as Oil Drilling Gains Offset Natural Gas Decline

Conventional Energy, Latest, Natural Gas, Oil, US News / By

U.S. drilling activity held steady this week as producers added oil rigs while reducing natural gas drilling, leaving the national fleet above 600 for a fourth consecutive week. The U.S. rig count remained unchanged at 603 for the week ended October 30, according to the latest Baker Hughes North America Rig Count Report. That leaves …

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