Oil Surges to Six-Month Highs as Middle East Attacks Intensify

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EnergyNow Friday Oil Price Report Report Date & Time: October 23, 2026 – 3:01 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$103.27 per barrel, up US$3.80, or 3.82%, from Thursday’s US$99.47 settlement. Compared with last Friday’s December-contract settlement of US$99.02, …

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Top LNG Exporter QatarEnergy in Talks to Buy US LNG From Woodside’s Louisiana Plant

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(Reuters) – QatarEnergy is in talks with Woodside Energy to buy up to 3 million metric tons of liquefied natural gas per annum (mtpa) from its Louisiana LNG plant under construction, three people with knowledge of the negotiations told Reuters. If a final agreement is reached, the long-term deal could see QatarEnergy buying LNG from …

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Trump Weighs Quick End to Iran War Against Letting Conflict ‘Wither’

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(Reuters) – President Donald Trump said on Friday the United States could end the war with Iran quickly, but questioned whether Washington should seek a swift conclusion or allow the conflict to gradually wind down. “We could end it very quickly,” Trump said. “Do we want to finish it off or just want to let …

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Potential Escalation Between Iran and United States Would Only Have Losers, Says France

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(Reuters) – France’s foreign minister said on Friday that any renewed escalation between Iran and the United States would only have losers and raise oil prices. “A further escalation between Iran and the United States would leave no winners and would likely have very serious consequences for hydrocarbon prices,” Jean-Noel Barrot told reporters in Istanbul …

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US Refiner Valero Posts Record Quarterly Profit as Supply Disruptions Boost Margins

Conventional Energy, Diesel Fuel, Energy Topics & Technology, Gasoline, Latest, LNG, Natural Gas, Oil, Refineries, US News / By

By Nicole Jao and Vallari Srivastava Adjusted profit reaches record $23.90 per share, up 553% from a year earlier Refining margin per barrel nearly triples to $39.24 in third quarter Valero plans fourth-quarter refinery runs at 96% to 99% ​of capacity NEW YORK, Oct 22 (Reuters) – Refiner Valero Energy (VLO.N) kicked off earnings ‌season …

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Why AI Data Centers Are Powering a Boom in Fuel-Cell Demand

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By Arunima Kumar and Shivansh Tiwary Oct 23 (Reuters) – Fuel cells are gaining traction among US hyperscalers racing to build data centers for the AI boom but struggling with grid constraints to secure quick and reliable power. Energy research firm Rystad Energy projects ​investments in fuel cells for data centers to rise to about …

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US Energy Department Designates Helium as Critical Material

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Oct 23 (Reuters) – The US Department of Energy said on Friday that Secretary of Energy ​Chris Wright has designated helium ‌as a critical material under the Energy Act of 2020 to strengthen American manufacturing and ​supply chain security. The designation advances ​the Trump administration’s push to reduce US ⁠reliance on foreign critical minerals, bolster …

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Ship Attacks in Strait of Hormuz Hit Record High in October

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By Nerijus Adomaitis At least 28 confirmed strikes on ships in October, data shows About 3.5% of supertanker fleet hit, Reuters calculations based on IMO data show Not all attacks may be captured in reported data, UKMTO says OSLO, Oct 23 (Reuters) – October has ​been the worst month for attacks on commercial shipping in …

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BP, Louisiana Agree to Resolve Deepwater Horizon Disputes

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Oct 23 (Reuters) – BP (BP.L) and the ​US state ‌of Louisiana on Friday ​agreed ​to resolve two ⁠long-running disputes ​tied to ​the 2010 Deepwater Horizon oil ​spill, ​including a single early ‌payment ⁠of about $350 million and the ​settlement ​of ⁠remaining coastal ​zone lawsuits ​involving ⁠the company. Reporting by ⁠Ankita ​Bora ​in Bengaluru; Editing …

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Chevron Uses Permian Playbook to Breathe Life Into Argentina’s ‘Dead Cow’ Oil Region

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By Sheila Dang Chevron aims to accelerate goal of tripling its Argentina production Company plans second drilling rig in June next year and third by early 2029 ‘Vaca Muerta’ output has never reached full potential NEUQUEN, Argentina, Oct 23 (Reuters) – In a windy, remote oilfield in Argentina, Chevron (CVX.N) is bringing in US workers, …

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