Persistently weak crude prices pressured merger and acquisition activity in the U.S. upstream oil and gas sector in the third quarter, analytics firm Enverus said on Wednesday. ...

Market Trends - Saudi Arabia increased crude prices for the second consecutive month, indicating optimism regarding crude oil demand [1] - OPEC+ is continuing to increase supply [1]

Financial Performance - Russia's oil proceeds in the state budget decreased by a third (approximately 33%) year-over-year in July [1] Market Dynamics - The decline is attributed to a drop in global crude prices and the appreciation of the Russian currency [1]

Revenue Performance - Russia's oil revenue in June hit a two-year low [1] Market Factors - Global crude prices fell [1] - The ruble strengthened, reducing the ruble value per barrel for the Kremlin [1]

Crude Oil Market - Russia's crude exports failed to recover from the near-two-month low [1] - Crude prices are tumbling again, posing a threat to the Kremlin's war chest [1]

Market Trends - Crude oil prices are soaring due to Israel's attack on Iran's nuclear facilities [1] - Shares of oil-related companies are rising as a result of the crude price surge [1]