January WTI crude oil (CLF26) on Thursday closed down -0.78 (-1.34%), and January RBOB gasoline (RBF26) closed down -0.0232 (-1.15%). Crude oil and gasoline retreated on Thursday, with crude posting a 7-week low and gasoline slumping to a 4.75-year nearest-futures low.  Concerns about a global oil glut continue to pressure crude prices.  Also, today's stock weakness has dampened optimism in the economic outlook, a bearish factor for energy demand. More News from Barchart Losses in crude were limited T ...

Deep-pocketed investors have adopted a bullish approach towards Chevron (NYSE:CVX), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CVX usually suggests something big is about to happen.We gleaned this information from our observations today when Benzinga's options scanner highlighted 18 extraordinary options activities for Chevron. This ...

U.S. forces abseil onto an oil tanker during a raid described by U.S. Attorney General Pam Bondi as its seizure by the United States off the coast of Venezuela, December 10, 2025, in a still image from video.The U.S. is preparing to seize more oil tankers off Venezuela's coast as the Trump administration ramps up pressure on President Nicolas Maduro, sources familiar with the matter told Reuters Thursday. The development suggests that the White House is planning a broader campaign against Venezuela's oil ex ...

Core Viewpoint - Suncor Energy forecasts lower spending in 2026 while increasing oil and gas production, focusing on enhancing output from oil sands operations, controlling costs, and improving shareholder returns [1] Group 1: Financial Forecast - The company anticipates reduced capital expenditures in 2026 despite a rise in production levels [1] - Increased output from oil sands operations is expected to contribute to overall production growth [1] Group 2: Operational Strategy - Suncor is implementing cost-tightening measures to enhance operational efficiency [1] - The focus on boosting shareholder returns indicates a commitment to returning value to investors [1]

We do have another trade alert and it is from Josh Brown. Maybe surprised by it. I'm not sure.Exon Mobile. Yeah. So, I I have a long-term position in IEO, which are the uh American natural gas and oil producers.Um the problem with that ETF, not problem, the thing about that ETF, it's very concentrated into Kico Phillips COP and that's okay. It's a great stock. Um but Exxon is breaking out right now.We talked about this two weeks ago or three weeks ago on the show. It was uh the column that we wrote for CNBC ...

Core Insights - SLB Limited has been upgraded to "Outperform" by Bernstein, with a new price target of $52.30 from $47.60, reflecting increased confidence in its market performance [1][6] - Ariel Investments LLC has increased its holdings in SLB by 6.5%, now owning over 1 million shares valued at $35.8 million, indicating strong institutional confidence [2][6] - SLB has received a consensus rating of "Moderate Buy" from twenty-one ratings firms, with an average 12-month target price of approximately $51.28 [4][6] Institutional Interest - Brighton Jones LLC increased its stake in SLB by 21.4%, now holding shares valued at $253,000, while Bison Wealth LLC and Zions Bancorporation National Association UT have made new investments valued at $238,000 and $63,000, respectively [3] - Cary Street Partners Financial LLC has increased its investment in SLB by 22.2%, now owning 108,315 shares valued at $3.66 million, with other firms like Twin Peaks Wealth Advisors LLC and Atticus Wealth Management LLC also investing [5] Market Performance - SLB's current market capitalization is approximately $59.66 billion, with a trading volume of 14.1 million shares [5]

[applause] What if I tell you that Brunai's most powerful story isn't written in books, but preserved in the very rocks beneath our feet. Good evening everyone. My name is Afik and I'm a geologist.That means I spend most of my time staring at rocks, mapping hillsides, drilling through mud, clay, and stone, and sometimes getting my well stuck in swamps. But what I've discovered is this. Geology isn't just about rocks.It's about time. It's about memory. is the science of the earth and its history.It's the lon ...

Core Insights - Crude oil and gasoline prices are experiencing significant declines, with crude reaching a 7-week low and gasoline hitting a 4.75-year low due to concerns about a global oil glut and weakened economic outlook [1][3] Group 1: Price Movements - January WTI crude oil is down by $1.27 (-2.17%) and January RBOB gasoline is down by $0.0342 (-1.92%) [1] - The crude crack spread has fallen to a 2-month low, indicating reduced refiners' interest in purchasing crude oil for refining [3] Group 2: Supply and Demand Dynamics - Trafigura has indicated that the global oil market may face a "super glut" next year due to new supplies outpacing sluggish energy demand [3] - Saudi Aramco has cut the price of its Arab Light crude oil for Asian customers by $0.30 per barrel for January delivery, marking the lowest price since January 2021, reflecting weaker energy demand [4] Group 3: Geopolitical Factors - Geopolitical risks, particularly in Venezuela, are providing some support for crude prices, as U.S. forces have intercepted a sanctioned oil tanker, potentially complicating Venezuela's oil exports [2][5] - Russian President Putin has threatened to attack ships aiding Ukraine, which may escalate tensions and impact oil supply dynamics [5]

Core Insights - BP plc has commenced production at the Atlantis Drill Center 1 expansion project in the Gulf of America, achieving this milestone two months ahead of schedule, with an expected peak addition of nearly 15,000 barrels of oil equivalent per day (Boe/d) to the Atlantis platform [1][8] Expansion Project Details - The expansion involves adding two new wells connected to an existing subsea drill center, enhancing the reach of the Atlantis field [2] - The Atlantis field, discovered in 1998, has a gross production capacity of up to 200,000 barrels of oil per day, with first oil from the project achieved earlier than planned by optimizing existing subsea infrastructure and drilling operations [3] Long-Term Production Goals - The Atlantis Drill Center 1 supports BP's goal to increase U.S. upstream production to approximately 1 million Boe/d by 2030, marking the fifth upstream project delivered earlier than planned in 2025 [4][8] - BP plans to advance several new projects in the Gulf of America by 2030, aiming to grow production capacity from the U.S. offshore region to over 400,000 Boe/d [5] Strategic Focus on U.S. Offshore Production - BP emphasizes its ability to enhance production from the U.S. offshore region by optimizing existing infrastructure, asserting that America will remain central to delivering secure and reliable energy globally [6]

Core Insights - SLB is partnering with Shell to develop digital and artificial intelligence tools aimed at enhancing performance and efficiency in upstream operations [1] Company Summary - SLB is collaborating with Shell to leverage technology for operational improvements [1] - The focus of the partnership is on digital and AI tools specifically for upstream operations [1] Industry Summary - The initiative reflects a growing trend in the oil and gas industry towards the adoption of digital solutions and AI to optimize performance [1]