Valero trumps Q3 earnings estimates as refining margins soar
(Oil Price)– Valero Energy Corporation (NYSE: VLO) easily beat analyst forecasts of third-quarter earnings as refining margins surged by 44% from a year earlier, exceeding the average increase in U.S. refining margins. Valero reported on Thursday
Valero trumps Q3 earnings estimates as refining margins soar
(Oil Price)– Valero Energy Corporation (NYSE: VLO) easily beat analyst forecasts of third-quarter earnings as refining margins surged by 44% from a year earlier, exceeding the average increase in U.S. refining margins. Valero reported on Thursday an adjusted net income of $1.1
Prospera Energy launches key infrastructure upgrades to unlock next phase of production growth
(BOE Report)– CALGARY, Alberta, Oct. 23, 2025 (GLOBE NEWSWIRE) — Prospera Energy
Aker BP strengthens offshore portfolio with Omega Alfa discovery, major project progress
(World Oil)– Aker BP has reported strong operational and financial performance in
EU members remain deeply divided over 2040 climate targets
(Oil Price)– The EU summit this week is debating how to bridge
Prospera Energy launches key infrastructure upgrades to unlock next phase of production growth
(BOE Report)– CALGARY, Alberta, Oct. 23, 2025 (GLOBE NEWSWIRE) — Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) (“Prospera“, “PEI” or the “Corporation“) Prospera Energy is pleased to announce the commencement of a major pipeline replacement and infrastructure upgrade project in the Cuthbert
Aker BP strengthens offshore portfolio with Omega Alfa discovery, major project progress
(World Oil)– Aker BP has reported strong operational and financial performance in its latest quarterly results, underscoring stable production, disciplined cost management, and a breakthrough exploration success on the Norwegian Continental Shelf (NCS). Production averaged 414,000 boed, maintaining high uptime
EU members remain deeply divided over 2040 climate targets
(Oil Price)– The EU summit this week is debating how to bridge the divide within the bloc regarding interim 2040 emission-reduction targets as the European Union insists on becoming a net-zero area by 2050. The EU member states remain divided
Company to watch
Weekly Inventories
U.S. crude oil inventories decrease by 1 million barrels
Weekly Crude Oil Storage as of October 17, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1 million barrels from the previous week. At 422.8 million barrels, U.S. crude oil inventories are 4%
Weekly Gas Storage: Inventories increase by 87 Bcf
Natural Gas Inventories as of October 17, 2025 The EIA has released its natural gas inventory report, showing a net increase of 87 Bcf as of October 17, 2025. Working gas in storage was 3,808 Bcf as of Friday, October
U.S. rig count increased by 1 is at 548
This week’s Baker Hughes Rig Count shows that the U.S. increased by 1 last week, resulting in a total count of 548 rigs. Canada had an increase of 5 over last week, resulting in a total Canadian count of 198
