Iran and Russia discuss boosting nuclear energy cooperation
(Oil Price)– Russia and Iran this week discussed boosting their cooperation in nuclear energy, including in building small nuclear reactors (SMRs) in the Islamic Republic, Iranian media report. Mohammad Eslami, director of the Atomic
Iran and Russia discuss boosting nuclear energy cooperation
(Oil Price)– Russia and Iran this week discussed boosting their cooperation in nuclear energy, including in building small nuclear reactors (SMRs) in the Islamic Republic, Iranian media report. Mohammad Eslami, director of the Atomic Energy Organization of Iran (AEOI), discussed
Baytex mulls $3 billion Eagle Ford sale to refocus on Canadian operations
(World Oil) – Baytex Energy Corp., a Canada-based oil and gas producer, is
Carney pitches Keystone XL restart in exchange for progress on aluminum, steel
(BOE Report)– Prime Minister Mark Carney raised the prospect of reviving the
ExxonMobil signs Majnoon oil field deal, marking return to Iraq
(World Oil)– ExxonMobil signed agreements that lay the groundwork for it to
Baytex mulls $3 billion Eagle Ford sale to refocus on Canadian operations
(World Oil) – Baytex Energy Corp., a Canada-based oil and gas producer, is weighing an exit of its operations in the Eagle Ford shale of south Texas to refocus on its domestic assets, according to people familiar with the matter. Baytex,
Carney pitches Keystone XL restart in exchange for progress on aluminum, steel
(BOE Report)– Prime Minister Mark Carney raised the prospect of reviving the Keystone XL pipeline project with U.S. President Donald Trump as part of a larger pitch on linking energy co-operation and support for Canada’s steel and aluminum sectors. A
ExxonMobil signs Majnoon oil field deal, marking return to Iraq
(World Oil)– ExxonMobil signed agreements that lay the groundwork for it to explore Iraq’s giant Majnoon oil field, ending the company’s near two-year hiatus in the country. The Texas oil major has signed heads of agreements with Basra Oil Co.
Company to watch
Weekly Inventories
U.S. crude oil inventories increase by 3.7 million barrels
Weekly Crude Oil Storage as of October 3, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.7 million barrels from the previous week. At 420.3 million barrels, U.S. crude oil inventories are 4%
Weekly Gas Storage: Inventories increase by 80 Bcf
Natural Gas Inventories as of October 3, 2025 The EIA has released its natural gas inventory report, showing a net increase of 80 Bcf as of October 3, 2025. Working gas in storage was 3,641 Bcf as of Friday, October
U.S. rig count had no change is at 549
This week’s Baker Hughes Rig Count shows that the U.S. had no change, resulting in a total count of 549 rigs. Canada had no change over last week, resulting in a total Canadian count of 190 rigs. Breakdown by region
