Oil and Gas

Search documents
Cardinal Energy Ltd. Announces Monthly Dividend for October
Newsfile· 2025-10-14 21:01
Calgary, Alberta--(Newsfile Corp. - October 14, 2025) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") confirms that our October dividend of $0.06 per common share will be paid on November 17, 2025 to shareholders of record on October 31, 2025. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes.About Cardinal Energy Ltd. Cardinal is a Canadian oil and natural gas company wit ...
Iraq Ships 2.5 Million Barrels of KRG Oil Following Export Restart
Yahoo Finance· 2025-10-14 19:27
Iraq has exported around 2.5 million barrels of crude oil from the Kurdistan Region since flows resumed on September 27, following a two-and-a-half-year suspension, according to Hamdi Shingali, deputy director of the State Oil Marketing Organization (SOMO). Shipments, averaging 190,000 barrels per day, are being transported through the Fishkhabur–Ceyhan pipeline to Türkiye, marking a major milestone in Iraq’s efforts to restore its northern exports. Shingali told Shafaq News that operations have “returned ...
Crude Prices Pressured by US-China Trade Tensions and Robust Global Oil Supplies
Yahoo Finance· 2025-10-14 19:18
November WTI crude oil (CLX25) on Tuesday closed down -0.79 (-1.33%), and November RBOB gasoline (RBX25) closed down -0.0152 (-0.82%). Crude oil and gasoline prices retreated on Tuesday, with crude falling to a 5.25-month low. The escalation of the US-China trade conflict has sparked a risk-off in asset markets that is weighing on crude prices after China sanctioned five US units of South Korean shipbuilder Hanwha Ocean Co., in the latest in a series of tit-for-tat moves as both countries have slapped sp ...
AI momentum, FX debasement drive markets ahead of earnings, Goldman Sachs says
Proactiveinvestors NA· 2025-10-14 17:32
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Occidental CEO Forecasts $60 Oil Through 2026, Bullish on Long-Term Outlook
Yahoo Finance· 2025-10-14 17:31
Occidental Petroleum CEO Vicki Hollub expects oil prices to remain steady between $58 and $62 per barrel through 2026, with stronger gains to follow in the longer term. Speaking at the Energy Intelligence Forum in London, Hollub said she remains “very bullish on oil prices, not this year or next, but I’m bullish on oil prices,” noting that supply constraints could tighten the market after 2026. Hollub also projected that U.S. oil production will likely peak between 2027 and 2030, suggesting a potential sh ...
Oil bosses expect market surplus to shrink over time
Yahoo Finance· 2025-10-14 17:21
By Robert Harvey LONDON (Reuters) -The global oil market is set to tighten in the medium to longer term, recovering from short-term weakness, executives from oil majors and trading houses said on Tuesday. Rising output from OPEC+ - which groups the Organisation of Petroleum Exporting Countries and allies - as well as from other producers, together with expectations that trade tensions will lead to reduced demand have weakened oil prices this year. Brent futures traded around $62 a barrel on Tuesday - do ...
Oil Slumps To Five-Month Low On Market Fears Of Impending Oversupply
Forbes· 2025-10-14 16:55
A floating production storage and offloading or "FPSO" vessel around 250km off the coast of Angola in the Atlantic Ocean. (Photo: Rodger Bosch)AFP via Getty ImagesOil prices slumped to their lowest in five months on Tuesday on market fears of oversupply in the run up to end of the year and first quarter of 2026. At 11:02am EDT on Tuesday, global proxy benchmark Brent’s front-month futures contract was down 2.08% or $1.32 barely holding the price floor at $62 per barrel, and having dropped by as much 3% in E ...
BP to Sell Stake in UK North Sea Licenses to Serica Energy for $232M
ZACKS· 2025-10-14 15:06
Core Insights - BP plc is selling its stakes in the P111 and P2544 licenses in the U.K. North Sea to Serica Energy for $232 million, which includes a 32% non-operated working interest in the P111 license [1][9] - The P111 license contains the Culzean gas condensate field, the largest individual gas-producing field in the UK North Sea, producing 25,500 barrels of oil equivalent per day net to BP in the first half of 2025, with approximately 33 million barrels of oil equivalent in proved and probable reserves [2] Sale Details - The sale involves BP's 32% non-operated interest in the P111 license and the adjacent exploration license P2544 [1][9] - The partners in the Culzean field, including TotalEnergies and Neo Energy, have pre-emption rights to buy BP's stake within 30 days of the announcement [3] Strategic Implications for Serica Energy - The acquisition is expected to significantly enhance Serica Energy's production and cash flows from this high-quality, low-emission asset, providing long-term value through future exploration and production opportunities [4]
Earnings Preview: Matador Resources (MTDR) Q3 Earnings Expected to Decline
ZACKS· 2025-10-14 15:01
Core Viewpoint - Matador Resources (MTDR) is expected to report a year-over-year decline in earnings despite higher revenues for the quarter ended September 2025, with the consensus outlook being crucial for assessing the company's earnings picture [1][3]. Earnings Expectations - The upcoming earnings report is anticipated to show earnings of $1.33 per share, reflecting a decline of 29.6% year-over-year, while revenues are projected to be $902.31 million, a slight increase of 0.3% from the previous year [3]. - The stock price may increase if the actual earnings exceed expectations, while a miss could lead to a decline in stock price [2]. Estimate Revisions - The consensus EPS estimate has been revised down by 4.07% over the last 30 days, indicating a reassessment by analysts regarding the company's earnings prospects [4]. - The Most Accurate Estimate for Matador is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -12.97%, suggesting a bearish outlook from analysts [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict the deviation of actual earnings from consensus estimates, with a strong predictive power for positive readings [9][10]. - Stocks with a positive Earnings ESP and a Zacks Rank of 1, 2, or 3 have historically produced positive surprises nearly 70% of the time [10]. Historical Performance - Matador has beaten consensus EPS estimates in the last four quarters, with a notable surprise of +18.60% in the last reported quarter [13][14]. - Despite the historical performance, the current combination of a negative Earnings ESP and a Zacks Rank of 4 makes it challenging to predict an earnings beat for the upcoming report [12]. Conclusion - While Matador does not appear to be a compelling candidate for an earnings beat, investors should consider other factors before making investment decisions related to the stock ahead of the earnings release [17].
Oil Market Braces for Contango and Shale Slowdown
Yahoo Finance· 2025-10-14 15:00
The prospect of a contango is casting a shadow over oil markets, with the entire 2026 WTI futures curve now trading below $60 per barrel—beneath breakeven levels for most new shale wells. TotalEnergies CEO Patrick Pouyanné and Vitol’s Russel Hardy warn that prices this low could cut U.S. shale output by 200,000 to 300,000 barrels per day next year, tightening supply just as demand steadies. Backwardation Fades: Crude Market Signals Trouble Ahead for 2026 The spectre of a looming contango is haunting c ...