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EnergyNow Morning Oil Price Report Report Date & Time: October 19, 2026 – 5:30 a.m. MDT – Using Trading View Prices See Up-To-Date Prices Here Summary WTI crude is approximately US$100.88 per barrel, down US$0.53, or 0.52%, from Friday’s official settlement of US$101.41. Oil is retreating from recent highs as traders take profits and assess …
Venezuela expects nearly $76 billion in oil investment over the next five years under recently signed agreements, acting President Delcy Rodriguez said on Saturday, adding that a bilateral accord with the US includes plans to drill 250 rigs. Since the January ouster of President Nicolas Maduro, the country has been reopening its energy sector to …
Reuters Iran’s Revolutionary Guards Navy said on Saturday that two oil tankers had caught fire after hitting naval mines while crossing the Strait of Hormuz, the official Iranian news agency IRNA reported. State media said both tankers were carrying about 2 million barrels of crude oil. There was no independent confirmation of the reports. IRNA …
Iran’s Guards Say Two Tankers Hit Mines in Strait of Hormuz Read More »
(Reuters) S&P 500 energy index up 1.8%, tracking higher oil prices Brent crude futures up 2.9% at $109.02 a barrel, after hitting its highest since September 14 US West Texas Intermediate crude rise 2.6% to $100.52 a barrel, crossing $100 for the first time since September 21 Prices gainmore than 3%, heading for weekly gains …
US Energy Stocks Gain as Oil Tops $100 on Supply Fears Read More »
(Reuters) – The United States has issued a request for proposal for an exchange of up to 17 million barrels of crude oil from the nation’s Strategic Petroleum Reserve, the Department of Energy said on Friday. The exchange would be part of a global deal the US struck in Marchto try to control fuel prices …
US Solicits Exchange of Up to 17 Million Barrels of Oil From Strategic Reserve Read More »
(Reuters) – ExxonMobil signaled on Friday that higher refining margins during the third quarter could boost its downstream profit by $4.5 billion compared with the previous three months. Refining margins have soared due to the ongoing Iran war, which has restricted energy exports through the Strait of Hormuz, as well as Ukrainian attacks on Russian …
ExxonMobil Signals $4.5 Billion Refining Earnings Boost as Margins Soar Read More »
EnergyNow Friday Oil Price Report Report Date & Time: October 16, 2026 – 3:05 p.m. MDT – Using Trading View Contract References and Official Settlement Prices See Up-To-Date Prices Here Summary WTI crude settled Friday at US$101.41 per barrel, up US$3.44, or 3.51%, from Thursday’s $97.97 settlement. Compared with last Friday’s $91.85 close, WTI gained …
U.S. drilling activity held steady this week as declines in oil-directed drilling were offset by gains in natural gas and miscellaneous rigs, leaving the national fleet above 600 for a second consecutive week. The U.S. rig count remained unchanged at 603 for the week ended October 16, according to the latest Baker Hughes North America …
U.S. Rig Count Holds at 603 as Oil Drilling Slips and Natural Gas Activity Rises Read More »
(Reuters) – US crude stocks and distillate inventories fell while gasoline inventories rose last week, the Energy Information Administration said on Thursday. Crude inventories fell by 8.6 million barrels to 415.6 million barrels in the week ended October 9, the EIA said, compared with analysts’ expectations in a Reuters poll for a 288,000-barrel draw. “This …
Saudi energy executives emphasize the continuing importance of oil and natural gas, while new reports highlight soaring petroleum shipping costs, emergency fuel releases and the growing need for secure energy infrastructure. ENERGYNOW MEDIA | October 15, 2026 RIYADH, SAUDI ARABIA — The 25th World Petroleum Congress concluded its scheduled program Thursday, October 15, with …
