Trump Says “We Don’t Need a Deal With Iran.” Good News for Exxon and Chevron
Brent crude settled 3% higher at almost $96 a barrel following President Trump's assertion that the U.S. does not require a deal with Iran. This statement signals a potential easing of geopolitical tensions that have historically influenced oil prices, particularly concerning Iranian oil exports. With the U.S. taking a firmer stance, the likelihood of increased Iranian oil supply entering the market diminishes, which could support higher prices in the near term. Additionally, Exxon and Chevron stand to benefit from this environment as reduced competition from Iranian oil allows them to maintain stronger pricing power and market share. Investors should note that the current bullish sentiment in the market is also bolstered by ongoing concerns about global supply constraints and robust demand recovery post-pandemic. The dollar's performance remains a critical factor, as a weaker dollar typically supports higher oil prices by making crude cheaper for holders of other currencies. Furthermore, inventory data continues to show draws, indicating that demand is outpacing supply, which is another bullish signal for prices. Refinery capacity utilization is also a key metric to watch, as higher utilization rates can lead to increased demand for crude oil. Overall, the combination of geopolitical stability, strong demand signals, and limited supply from Iran creates a favorable backdrop for oil prices to remain elevated.
3 Australian Energy Stocks With P E Under 13
The Strait of Hormuz remains a critical chokepoint for global energy flows, and its vulnerability underscores the potential for sudden disruptions in supply that can significantly impact oil prices. Australian oil and gas stocks, positioned near this fault line, are poised to benefit from heightened pricing power should trade routes face interruptions. With a price-to-earnings ratio under 13, these stocks present an attractive entry point for investors looking to capitalize on the volatility inherent in the energy sector. The geopolitical landscape continues to evolve, and any escalation in tensions could lead to increased demand for alternative energy sources, further bolstering the market position of these companies. Additionally, the current environment of inflation and fluctuating currency values adds another layer of complexity, influencing both operational costs and consumer demand. Investors should consider the potential for these Australian firms to not only weather supply shocks but also to thrive in a market that rewards resilience and adaptability. As global energy dynamics shift, the ability of these companies to navigate challenges will be crucial for their long-term performance. The presence of 20 more oil stocks in the screening process indicates a robust market landscape, offering diverse opportunities for investment. Overall, the interplay of geopolitical risks, supply chain vulnerabilities, and market positioning will be key drivers for oil prices and energy stocks moving forward.
Update: US Equity Indexes Fall, Nvidia Turmoil in Danger of Spreading While Surging Crude Oil Lifts Treasury Yields
Crude oil prices have surged, contributing to rising Treasury yields, which indicates a tightening in financial conditions. This upward movement in oil prices is likely driven by a combination of factors, including ongoing geopolitical tensions and supply constraints. As crude becomes more expensive, inflationary pressures may intensify, prompting central banks to consider more aggressive monetary policies. The increase in oil prices can also signal stronger demand, particularly if economic activity is rebounding, which could further support prices in the near term. However, the simultaneous decline in US equity indexes suggests that investors are becoming wary of the broader economic implications of higher energy costs. If crude prices continue to rise, it could lead to increased production from US shale, which may help balance the market but could take time to materialize. Additionally, any disruptions in supply chains or geopolitical events could exacerbate price volatility. Investors should remain vigilant about inventory data and refinery capacity, as these factors will play a crucial role in determining the sustainability of current price levels. Overall, the interplay between rising oil prices and economic indicators will be critical in shaping market sentiment moving forward.
More Drilling Won’t Shield U.S. Consumers From Oil Price Shocks
U.S. consumers are facing persistent oil price shocks, and increased drilling activity is unlikely to provide relief. The ongoing conflict in Iran continues to exert upward pressure on global oil prices, contributing to the stubborn inflation that is affecting the economy. Recent Consumer Price Index data indicates a monthly increase of four-tenths of a percent, with projections suggesting an overall rise of four percent by the end of the year compared to 2025. This inflationary environment is largely driven by soaring food and energy costs, which are critical components of consumer spending. As energy prices remain elevated, the impact on household budgets is significant, leading to broader economic implications. The political landscape is also shifting, as evidenced by the recent midterm elections, where voter sentiment appears to reflect dissatisfaction with current energy policies and the ongoing geopolitical tensions. Investors should be cautious, as the combination of high inflation and geopolitical instability could lead to increased volatility in oil markets. While domestic drilling may boost supply in the long term, it does not address the immediate pressures from international conflicts and market dynamics. The current situation underscores the complexity of the energy market, where local production increases may not be sufficient to counteract global price influences. As such, oil prices are likely to remain sensitive to geopolitical developments and inflationary trends, making it crucial for market participants to stay vigilant.
Prairie Operating Co. Announces Third Quarter 2026 Results
Prairie Operating Co. has reported a robust third quarter for 2026, with total revenue reaching $129.5 million, marking a significant 31% increase from the previous quarter. This surge in revenue is supported by quarterly sales volumes of 2.4 million barrels of oil equivalent (MMBoe), translating to an impressive daily production rate of approximately 26,117 barrels of oil equivalent per day (Boe/d), which is a 21% increase from the prior quarter. Notably, liquids accounted for 77% of total sales, with oil making up 56%, indicating a strong focus on higher-value products. The September exit rate production further underscores this momentum, with output climbing to around 30,229 Boe/d. Adjusted EBITDA soared to $65.3 million, reflecting a staggering 92% increase from the prior quarter, showcasing operational efficiency and profitability improvements. These results signal a positive trend for Prairie Operating Co. and suggest a favorable environment for independent producers amid fluctuating oil prices. Investors should consider how Prairie's performance aligns with broader market dynamics, including OPEC's output decisions and U.S. production levels. The increase in production and revenue could indicate rising demand signals, which may support higher oil prices in the near term. Additionally, as inflationary pressures persist, the strength of the dollar will continue to play a crucial role in shaping energy market dynamics. Overall, Prairie's strong quarterly performance could bolster investor confidence in the sector, particularly as global energy demand remains resilient.
How major US stock indexes fared Thursday 11/12/2026
Crude oil prices experienced volatility on Thursday, reflecting broader market uncertainties as major US stock indexes faced significant swings. Despite an initial drop of nearly 1% in the S&P 500, the index managed to recover most of its losses, which indicates a level of resilience in the market. This fluctuation in equities often correlates with oil prices, as investor sentiment can influence demand forecasts. The modest losses in the stock market suggest that while there is caution among investors, there is also a willingness to engage, which could stabilize oil demand in the near term. Additionally, the performance of tech stocks like Nvidia can impact overall market confidence, indirectly affecting energy investments. As oil prices remain sensitive to economic indicators, the mixed signals from the stock market could lead to further price adjustments in crude. Investors should remain vigilant about how these market dynamics play out, as they can influence both short-term trading strategies and long-term investment decisions in the energy sector. The interplay between stock performance and oil prices underscores the interconnectedness of these markets, and any significant shifts could lead to increased volatility. Overall, the current environment suggests that while there may be short-term fluctuations, the underlying demand for oil remains a critical factor to watch.
Exxon approves $12.5B Longtail project offshore Guyana
Bri-Chem Announces 2026 Third Quarter Financial Results
(TSX: BRY) Bri-Chem Corp. announced its financial results for the third quarter ended September 30, 2026. Consolidated sales for the three months ended September 30, 2026 were $18,351,000, an increase of $159,000 or 1% compared to $18,192,000 in the same period in 2025. For the nine months ended September 30, 2026, sales were $50,423,000, a decrease of $8,214,000 or 14% from $58,637,000 in 2025. Adjusted EBITDA for Q3 2026 was $925,000, up $89,000 or 11% from $836,000 in Q3 2025, while for the nine months it was $1,921,000, down $425,000 or 18% from $2,346,000 in 2025. Operating earnings for Q3 2026 were $680,000, an increase of $103,000 or 18% from $576,000 in Q3 2025. Adjusted net earnings for Q3 2026 were $314,000, up $298,000 or 1832% from $16,000 in Q3 2025. Net earnings for Q3 2026 were $423,000, an increase of $263,000 or 164% from $160,000 in Q3 2025. Adjusted EBITDA per diluted share for Q3 2026 was $0.03, unchanged from Q3 2025, and for the nine months was $0.07, down from $0.09 in 2025. Adjusted net earnings per diluted share for Q3 2026 was $0.01, unchanged from Q3 2025, and for the nine months was $0.00, up from $(0.02) in 2025. Net earnings per diluted share for Q3 2026 was $0.02, up from $0.01 in Q3 2025, and for the nine months was $0.00, up from $(0.01) in 2025. Total assets as at September 30, 2026 were $42,580,000, down from $48,855,000 in 2025. Working capital at September 30, 2026 was $6,241,000, a decrease of $4,548,000 or 42% from $10,790,000 in 2025. Long-term debt was nil at September 30, 2026, down from $6,331,000 in 2025. Shareholders' equity was $21,042,000 at September 30, 2026, up $1,494,000 or 8% from $19,547,000 in 2025. The increase in consolidated sales was primarily due to increased sales in the US fluids blending and packaging division, offset by decreased sales in the fluids distribution divisions due to warehouse closures. Consolidated gross margin for Q3 2026 decreased by $505,000 compared to the same period last year, mainly due to the liquidation of oil-based mud (OBM) below cost, offset by increased realized margins in other divisions. The Canadian drilling fluids distribution division generated sales of $2,100,000 for Q3 2026, down $184,000 or 8% from the prior year. The United States drilling fluids distribution division generated sales of $8,900,000 for Q3 2026, down $600,000 or 6% from $9,500,000 in 2025. The active number of US operating land rigs in Q3 2026 averaged 576, up from 525 in Q3 2025, an increase of approximately 10%. The Canadian blending and packaging division generated sales of $3,700,000 for Q3 2026, consistent with the prior year. US blending and packaging sales for Q3 2026 were $3,600,000, up from $2,700,000 in the prior year, a 34% increase. Management highlighted progress on operational and financial initiatives, including the completion of OBM inventory liquidation and reductions in SG&A and salaries and benefits costs. The company remains focused on improving efficiency, optimizing product mix, and maintaining a disciplined cost structure. Looking ahead, management expects Canadian drilling activity to benefit from typical seasonal increases in winter, while US drilling activity is expected to remain dependent on producer capital allocation and market economics. Bri-Chem's priorities for the remainder of 2026 and into 2027 include sustaining margin improvements, preserving lower SG&A and salaries and benefits costs, and aligning operating expenses with revenue levels.
Alaska s oil comeback gains momentum with 13% production increase forecast
(Oil Gas 360) Alaska s crude oil production is expected to increase 13% in 2027, reaching its highest level in [ ]
Greenland Energy to buy 80 Mile in all-stock deal, consolidating Jameson minerals licenses
BP s giant Brazil oil discovery attracts Petrobras interest
(Oil Gas 360) BP is reportedly negotiating the sale of a stake in its massive Bumerangue offshore oil [ ]
$7 Billion in Oil Debt Has Nigerian Banks Holding Back Lending
A few Nigerian oil and gas companies owe local banks about $7 billion, and the fallout is reaching well beyond those borrowers, according to billionaire Aliko Dangote. Most domestic bank financing for the industry is now on hold, Dangote told the Nigerian Association of Petroleum Explorationists conference in Lagos Wednesday. “A few companies, I believe, owe the banks about $7bn,” he said. “As a result, most funding from our domestic banks is on hold.” Dangote offered no names or breakdown of the debt, nor did he say how…
Citgo s third-quarter profit surges to $2.2 billion as refining margins strengthen
(Oil Gas 360) Houston-based Citgo Petroleum reported a sharp increase in third-quarter 2026 earnings, generating $2.2 billion in [ ]
Europe s energy transition faces a reality check at COP31
(Oil Gas 360) European governments are confronting a widening gap between their long-term electrification goals and immediate energy [ ]
EIA Data Shows Builds in Crude, Gasoline and Distillates
Crude oil inventories in the United States saw an increase of 4.7 million barrels during the week ending November 6, according to new data from the U.S. Energy Information Administration (EIA) released on Thursday. The increase brings commercial stockpiles to 414.4 million barrels, according to government data, which is now 4% below the five-year average for this time of year. Total commercial petroleum inventories increased by 11.4 million barrels during the reporting period. The EIA’s data release follows API’s figures that were released…
U.S. crude oil inventories increase by 4.7 million barrels
(Oil Gas 360) Weekly Crude Oil Storage as of November 6, 2026 U.S. commercial crude oil inventories (excluding those [ ]
Petrobras Lifts 2026 Cash Flow Forecast on Higher Oil Production
PBR raises its 2026 cash flow forecast to $45-$50 billion as higher oil production, faster offshore project execution and efficiency gains boost its outlook.
enCore Energy Q3 GAAP EPS of -$0.17 misses by $0.01, revenue of $16.7M misses by $0.99M
Sector Update: Energy Stocks Rise Pre-Bell Thursday
Energy stocks were rising pre-bell Thursday, with the State Street Energy Select Sector SPDR ETF (XL
Sunrun Flex Home Energy System Selected as a Good Housekeeping 2027 Home Reno Awards Winner
(NASDAQ:RUN) Sunrun announced that its Sunrun Flex™ home energy subscription was named a winner in Good Housekeeping’s 2027 Home Reno Awards. Sunrun Flex is described as the first solar and battery storage solution designed to adapt to customers' changing energy needs. Dan DiClerico, Home Improvement & Outdoor Lab Director at the Good Housekeeping Institute, stated that Sunrun continues to innovate its pricing models, highlighting that homeowners can now lease a system that meets expanding power needs. This marks the second time Sunrun has been recognized in Good Housekeeping’s Home Reno Awards, with the company previously being named a Sustainability Innovator in 2025 for its battery-plus-solar home energy subscription service. Paul Dickson, Sunrun President and Chief Revenue Officer, commented that Sunrun Flex maximizes value and adaptability, providing customers with peace of mind regarding their energy needs. Flex systems are sized above a customer’s pre-solar usage to ensure extra energy is available for future needs, such as adding electric vehicles or new appliances. Sunrun Flex customers pay a predictable monthly minimum payment and only pay for extra energy above their baseline at a locked-in Flex Rate. The Flex offering includes automatic backup power during outages, protection against utility rate hikes, and support for the community's power grid. The Good Housekeeping Institute evaluates products for the Home Reno Awards through rigorous testing, including real-world consumer trials and assessments by design professionals. Judges focus on quality, value, efficiency, sustainability, and design appeal when determining award winners. Sunrun is described as America’s largest provider of home battery storage, solar, and home-to-grid power plants. The company offers home energy systems through a no-upfront-cost subscription model. Sunrun provides on-demand dispatchable power to support the grid, prevent blackouts, and lower energy costs.
Murphy Oil signs four production sharing contracts in Cameroon
US-based Murphy Oil has signed four production sharing contracts covering approximately 2.6 million acres offshore Cameroon.