A two-month-long bidding war in Canada’s oil patch signaled there is another way for a company to boost its production and resources than investing in new oil sands production, which is considered the world’s most expensive source of new oil supply. The acquisition saga for MEG Energy appears to have ended after the hostile bidder, MEG’s shareholder Strathcona Resources with a 14% stake, terminated its takeover pursuit on Friday. This followed a sweetened offer by the rival bidder, Cenovus Energy, which e ...

Group 1 - Oil prices rose after the White House indicated a willingness to negotiate with China to alleviate trade tensions, with Brent crude advancing above $63 a barrel after a significant drop of 3.8% on Friday [1] - President Trump stated that the tariffs scheduled for November 1 would remain in place, but expressed optimism about relations with China, which could impact oil supply dynamics [2] - The imposition of fees by China on US-owned vessels has led to increased shipping rates and cancellations, reflecting the ongoing trade conflict and its implications for oil logistics [3] Group 2 - The outlook for oil remains uncertain as OPEC+ increases production, potentially leading to a supply glut later this year [4] - A fragile ceasefire between Israel and Hamas has eased concerns about Middle Eastern oil supply disruptions, as Hamas began releasing Israeli hostages [5]

The real reason why it broke down last time for ExxonMobil (and for every other Western firm that followed the U.S. oil giant out of the door) was alluded to in the official comments from the firm that it was over a dispute over the tendering process connected to the CSSP. However, a senior source who worked very closely with Iraq’s Oil Ministry at the time exclusively told OilPrice.com at that point that it resulted from a critical breakdown in trust between the U.S. firm and Iraq’s Oil Ministry over the r ...

About this content About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business outpu ...

Mexico’s state oil giant Pemex is fast-tracking plans to boost output by reopening nearly 400 idle onshore wells, partnering with private firms through service contracts to tackle wells previously shut due to high costs or technical challenges. The initiative aims to lift crude output from today’s 1.6 million barrels per day toward the Sheinbaum administration’s target of 1.8 million bpd. Under the proposed model, private operators will bear upfront costs for engineering, operations, and maintenance, and ...

About this content About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business outpu ...

Core Insights - Crude oil and gasoline prices have increased sharply, recovering from previous declines due to improved market sentiment following potential trade deal discussions between the Trump administration and China [2] - The consideration of arming Ukraine with long-range missiles by President Trump has raised concerns about further disruptions to Russian oil supplies, contributing to the price rally [2] - A recent agreement between Israel and Hamas has reduced geopolitical risk in the Middle East, which has impacted crude prices by lowering the risk premium [4] Price Movements - November WTI crude oil is up by $0.96 (+1.63%) and November RBOB gasoline is up by $0.0291 (+1.60%) [1] - Last Friday, crude prices hit a 5-month low while gasoline prices fell to a 4.5-year low due to renewed trade tensions with China [3] OPEC+ Production Decisions - OPEC+ agreed to a modest increase of 137,000 barrels per day (bpd) in crude production starting in November, which was below market expectations [5] - OPEC's crude production rose by 400,000 bpd to 29.05 million bpd in September, marking the highest level in 2.5 years [5] Russian Supply Constraints - Reduced crude production in Russia is supporting oil prices, with Ukrainian attacks on Russian refineries limiting export capabilities [6] - Russian refined-product flows have dropped to 1.94 million bpd in early September, the lowest in over 3.25 years [6]

来源：视觉中国 扬子晚报网10月13日讯（记者 徐兢）10月13日24时，国内成品油零售限价迎来新一轮调整时间窗口。记者从国家发改委官网获悉，近期国际市场油价波 动运行，根据10月13日的前10个工作日平均价格与上次调价前10个工作日平均价格对比情况，按照现行成品油价格机制，自10月13日24时起，国内汽、柴 油价格（标准品，下同）每吨分别降低75元和70元。 截至10月10日收盘，国内第10个工作日参考原油变化率-1.81%，10月13日24时汽、柴油零售限价每吨分别下调75、70元，折升价92#汽油、95#汽油、0#柴 油均下调0.06元。 据卓创资讯测算，本轮成品油零售限价下调确认后，私家车单次加满一箱50L的92#汽油后将少花3元。物流行业以月跑10000公里，百公里油耗在38L的重 型卡车为例，在下次调价窗口开启前，单辆车的燃油成本将下降106元左右。 下一次调价窗口将在2025年10月27日24时开启。业内人士预计，以当前的国际原油价格水平计算，下一轮成品油调价将呈现下调的趋势。 校对 陶善工 ...

Core Insights - Petronas, Malaysia's state-owned oil and gas company, will reduce its dividend payment to the government by 38% in 2026 due to declining oil prices, marking the lowest payout since 2017 [1] - The average Brent crude oil prices are projected to decrease to between $60 and $65 per barrel in 2026, down from an estimated $70 per barrel this year [2] - The Malaysian government is aiming to decrease its budget deficit to 3.5% of GDP by 2026, with a focus on improving tax collection and reducing subsidies [3] Company Performance - Petronas is expected to contribute RM20 billion in dividends next year, a significant reduction from RM32 billion this year [1] - The company reported a 19% decline in after-tax profit to RM26.2 billion for the first half of the year [4] - A strategic transformation was announced by Petronas to address operational challenges [4] Revenue Outlook - Malaysia's petroleum-related revenue is anticipated to decline to RM43 billion, constituting 12.5% of total revenue [2] - Non-tax revenue is projected to drop by 9.9% to RM72.7 billion, primarily due to lower dividends from Petronas [3] - Non-petroleum revenue is expected to increase by 8.1% to RM300.1 billion [3] Market Dynamics - The natural gas sector is facing a downturn due to reduced production and lower demand from major importers like Japan, China, and South Korea [4] - Petronas LNG has finalized an agreement with Woodside Energy Trading Singapore to procure one million tonnes per annum of liquefied natural gas [5]

Key Takeaways PBR is reactivating three fertilizer plants to supply 20% of Brazil's nitrogen demand by 2026.A fourth Mato Grosso do Sul facility will add 15%, raising Petrobras' share to 35% of national demand.The initiative aligns with Brazil's push for fertilizer independence and national supply-chain resilience.Petrobras (PBR) , Brazil’s state-controlled oil and gas company, is poised to play a transformative role in the nation's agricultural supply chain. According to Reuters, as cited in a World-Energy ...