DUBAI, Oct 20 (Reuters) – Investment in alternative logistics routes in the Gulf to mitigate the impact of the Iran war could make the Strait of Hormuz “redundant” in the next five years, HSBC Group Chief Executive Georges Elhedery said on Tuesday. The conflict has highlighted the world’s heavy reliance on the strategic waterway, …
KYIV, Oct 20 (Reuters) – Russia has expanded strikes from eastern and central Ukraine to energy facilities in previously untargeted western regions, causing waves of blackouts, energy ministry officials and local authorities said on Tuesday. In October, before the start of the cold season, Russia resumed attacks on Ukraine’s energy sector, targeting power plants …
Russia Expands Attacks on Energy Facilities to Western Ukraine Read More »
By Yogi Schulz Trump’s deal with Russia to export diesel seems like a desperate attempt to lower sky-high US retail diesel prices, as shown in the chart below, and to change the dismal outlook for Republican candidates in next month’s US mid-term election. Source: Motor Fuel Prices – September 2026, Bureau of Transportation Statistics …
TRUMP’S HAIL MARY: What Impacts Will the Trump-Putin Diesel Deal Have? – Yogi Schulz Read More »
EnergyNow Morning Oil Price Report Report Date & Time: October 20, 2026 – 5:35 a.m. MDT – Using Trading View Prices See Up-To-Date Prices Here Summary WTI crude is indicated at US$100.78 per barrel, up US$2.24, or 2.27%, from Monday’s official December-contract settlement of US$98.54. Oil is rising as renewed Middle East attacks increase concerns …
Oil Prices Surge as Middle East Attacks Push Brent Above $111 and WTI Back Above $100 Read More »
Oct 20 (Reuters) – Halliburton topped Wall Street expectations for third-quarter revenue and profit, as higher demand for its oilfield equipment in Latin America helped offset muted activity in North America and subdued revenue in the Middle East and Asia. Shares of the company, which kicked off the earnings season for US oilfield service providers, …
Halliburton Tops Estimates as Latin America, Europe Cushion North American Weakness Read More »
Oilfield service companies including Weatherford International, Baker Hughes, Halliburton and SLB are advertising dozens of jobs in Venezuela, according to company websites, an early sign that a Washington-backed plan to rebuild the country’s energy industry is gaining traction. The hiring could help reverse a sanctions-era exodus of companies and professionals from the country and comes …
Venezuela Oilfield Hiring Picks up as First Wave of Investment Builds Read More »
(Reuters) – Natural gas producer Expand Energy said on Monday Daniel Brown would become president and chief executive officer from October 26, taking over from Michael Wichterich. Wichterich, who was serving as CEO since February, will return to his role as non-executive chairman of the board. Brown joins Expand from Chord Energy, where he was …
(Reuters) – Russia’s oil exports through its Northern Sea Route (NSR) in 2026 have already exceeded last year’s by nearly 50%, with some 20 million barrels shipped to Asia from the start of navigation in July to mid-October, traders said and data showed. The NSR links Russia’s western ports with Asian markets through icy Arctic …
Russian Oil Exports by Arctic Route Jump Amid World Freight Crisis, Data Shows Read More »
High costs and shortages of fertilizer and fuel – combined with the looming effects of El NiÑo – are becoming a threat to global food security, S&P Global Analysis says NEW YORK, Oct. 19, 2026 /PRNewswire/ — Beyond the more well-documented impacts from the disruption of transit through the Strait of Hormuz lies the beginnings …
Out of Hormuz Energy Shocks, the Ingredients for a Global Food Crisis Read More »
Michael Lou Appointed President & Chief Executive Officer HOUSTON, Oct. 19, 2026 /PRNewswire/ — Chord Energy Corporation (NASDAQ: CHRD) (“Chord,” “Chord Energy,” or the “Company”) today announced that Michael Lou has been appointed President & Chief Executive Officer, effective today. Additionally, Mr. Lou has been appointed and elected to the Chord Energy Board of Directors. …
