GARDEN CITY, TX - FEBRUARY 05: Flared natural gas is burned off at Apache Corporations operations at the Deadwood natural gas plant in the Permian Basin on February 5, 2015 in Garden City, Texas. Apache sends an estimated 50-52 million cubic feet per day of natural gas to this plant. As crude oil prices have fallen nearly 60 percent globally, many American communities that became dependent on oil revenue are preparing for hard times. Texas, which benefited from hydraulic fracturing and the shale drilling re ...

MEG Energy Corp said on Tuesday it has postponed a shareholder meeting to vote on its proposed takeover by Cenovus Energy to October 30, after the latter exercised its right to delay it, allowing more... ...

ExxonMobil’s core business is the exploration, discovery, and exploitation of hydrocarbon energy resources, primarily crude oil and natural gas. This is backed up by extensive operations in the production and distribution of the refined products and fuels that are essential in today’s industrial world. These businesses have made ExxonMobil one of the world’s largest corporate producers of oil and gas, as well as a leader in such industries as petrochemicals, industrial chemicals, and plastics.The first Well ...

Fulfills Growing Industry Demand for OMS’s Responsible SolutionsSINGAPORE, Oct. 21, 2025 (GLOBE NEWSWIRE) -- OMS Energy Technologies Inc. (“OMS” or the “Company”) (NASDAQ: OMSE), a growth-oriented manufacturer of surface wellhead systems (“SWS”) and oil country tubular goods (“OCTG”) for the oil and gas industry, today announced an expansion of its wellhead refurbishment program in Indonesia. Heightened interest in the program demonstrates the industry’s deepening trust in OMS’s precision engineering capabi ...

CALGARY, Alberta, Oct. 21, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that the special meeting of holders of common shares of MEG Energy Corp. (“MEG”) related to Cenovus’s proposed acquisition of MEG has been postponed, pursuant to Cenovus exercising its contractual postponement right, from October 22, 2025, to October 30, 2025. The deadline for submitting proxies has been extended to October 29, 2025, at 9:00 a.m. (Calgary Time). At the time of the postponement, app ...

The share price of Select Water Solutions, Inc. (NYSE:WTTR) surged by 10.27% between October 10 and October 17, 2025, putting it among the Energy Stocks that Gained the Most This Week. Select Water Solutions (WTTR) Gains After Analyst Initiates Coverage Select Water Solutions, Inc. (NYSE:WTTR) is a leader in water management and chemical technology to customers in the oil and gas industry, as well as in other industrial applications. Select Water Solutions, Inc. (NYSE:WTTR) garnered increased investor a ...

The share price of LandBridge Company LLC (NYSE:LB) surged by 10.6% between October 10 and October 17, 2025, putting it among the Energy Stocks that Gained the Most This Week. LandBridge Company (LB) - Among the Energy Stocks that Gained This Week LandBridge Company LLC (NYSE:LB) owns and actively manages land and resources to support and encourage oil and natural gas development and other critical land uses. LandBridge Company LLC (NYSE:LB) was among the energy stocks that crashed earlier this month fo ...

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Economic Model and Oil Dependency - Iraq's economy is heavily reliant on oil, with current Brent crude prices around $60 per barrel, which is below the fiscal break-even price of approximately $90 per barrel [1][2] - The government acknowledges the vulnerability of the economy at these prices and aims to diversify away from this mono-discipline economic model [2][6] Economic Reforms and Diversification Efforts - The current government is focused on reforming the economy by supporting sectors such as industry, agriculture, trade, and communications, utilizing oil revenues for investment in these areas [4][5] - There is a commitment to continue reforms to achieve a diversified economy, leveraging Iraq's natural resources and geographical location for trade [5][9] Financial Challenges and IMF Concerns - The IMF has indicated that Iraq is at a critical financial juncture, highlighting rising spending and unsustainable wage bills [6] - The government is working on transforming the taxation and customs systems to increase non-oil revenue and address inherited economic challenges [8][9] Regional Partnerships and Investments - Iraq is strengthening ties with Gulf States, particularly Saudi Arabia and the UAE, to facilitate economic reforms and attract investment [10][12] - Significant investments from Qatar have exceeded $5 billion, with ongoing projects in various sectors, including energy [12][13] Energy Sector and OPEC Relations - Iraq, as a founding member of OPEC, is seeking a review of its oil production quotas to better align with its financial needs for reconstruction [16][17] - The government is committed to maintaining stability in energy markets while advocating for its interests within OPEC [17] Power Supply and Infrastructure Issues - Iraq faces major power outages due to inadequate investment in oil and gas assets, leading to reliance on gas imports from Iran [19][22] - A clear plan has been developed to eliminate gas flaring by early 2028, aiming for self-sufficiency in gas supply and reducing imports [21][23] Oil Exports and Regional Relations - Iraq has resumed oil exports to Turkey from the Kurdistan region after resolving long-standing disputes, marking a significant achievement for the government [24][26] - The government expresses confidence in the Kurdish leadership to honor agreements related to oil and gas, emphasizing the technical and legal nature of the issues involved [27]

October 17, 2025 04:20 PM GMT The Oil Manual | Europe M Idea A Puzzle at the Heart of the Oil Market Across a broad range of data providers, estimates of OPEC production have diverged sharply this year. Our suspicion, however, is that the higher ones are likely more accurate. In this note, we discuss what this might mean for spare capacity, demand and the pace at which the market might rebalance. Key Takeaways Exhibit 1: The range of estimates for OPEC production has widened sharply since early 2023, and no ...