Core Viewpoint - Exxon Mobil is interested in acquiring Lukoil's majority stake in the West Qurna 2 oilfield in Iraq, indicating a strategic move to expand its oil production capabilities in the region [1] Group 1: Company Actions - Exxon Mobil has approached the Iraqi oil ministry regarding the potential acquisition of Lukoil's stake [1] - The interest in West Qurna 2 reflects Exxon Mobil's ongoing strategy to enhance its portfolio in key oil-producing regions [1] Group 2: Industry Implications - The acquisition could signify a shift in the competitive landscape of the Iraqi oil sector, particularly with the involvement of major international players like Exxon Mobil [1] - This move may also impact the operational dynamics within the West Qurna 2 oilfield, which is one of Iraq's largest oilfields [1]

Core Viewpoint - Exxon Mobil is interested in acquiring Lukoil's majority stake in the West Qurna 2 oilfield in Iraq, indicating a strategic move to expand its oil production capabilities in the region [1] Group 1: Company Actions - Exxon Mobil has approached the Iraqi oil ministry regarding the potential acquisition of Lukoil's stake [1] - The interest in West Qurna 2 reflects Exxon Mobil's ongoing strategy to enhance its portfolio in key oil-producing regions [1] Group 2: Industry Context - The West Qurna 2 oilfield is a significant asset in Iraq's oil sector, highlighting the competitive landscape among major oil companies [1] - The move may signal a shift in investment dynamics in the Middle East, particularly concerning Russian assets amid geopolitical tensions [1]

Core Points - Strathcona Resources Ltd. has confirmed the closing of its acquisition of the Vawn thermal project and certain undeveloped thermal lands, collectively referred to as the "Acquired Assets" [1] Group 1 - The acquisition is part of Strathcona's strategy to expand its portfolio in the thermal energy sector [1] - The Vawn thermal project is expected to enhance Strathcona's operational capabilities and resource base [1] - The deal aligns with the company's long-term growth objectives in the energy market [1]

December 2025 | Daan Struyven | Managing Director | Co-Head of Commodities Research; Head of Oil Research | | --- | --- | --- | | Goldman Sachs & Co. LLC | +1 212-357-4172 | daan.struyven@gs.com | | Yulia Z Grigsby | Vice President | Senior Commodities Strategist | | Goldman Sachs & Co. LLC | +1 917-709-0571 | yulia.grigsby@gs.com | Investors should consider this report as only a single factor in making their investment decision. For Reg AC certification and other important disclosures, see the Disclosure A ...

New Stratus Energy Announces Results for the Three and Nine Months Ended September 30, 2025 & Corporate UpdatesDecember 01, 2025 8:33 PM EST | Source: New Stratus Energy Inc.Calgary, Alberta--(Newsfile Corp. - December 1, 2025) - New Stratus Energy Inc. (TSXV: NSE) ("New Stratus", "NSE" or the "Corporation") is pleased to announce the consolidated financial and operating results for the three and nine months ended September 30, 2025 that have been filed on SEDAR+ (www.sedarplus.ca).Three Month ...

Crude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in-depth cash flow analyses of E&P firms, and live chat discussion of the sector.Sign up today for your two-week free trial and get a new lease on oil & gas! ...

Core Points - Petrus Resources Ltd. has declared a monthly dividend of $0.01 per share, payable on December 30, 2025, to shareholders of record on December 15, 2025 [1] - The dividend is classified as an eligible dividend for Canadian income tax purposes [1] Dividend Reinvestment Plan (DRIP) - The DRIP allows eligible shareholders to reinvest cash dividends into additional common shares at a 3% discount from the market price [2] - Participation in the DRIP is optional for shareholders [2] - Registered shareholders must submit an enrollment form to Odyssey Trust Company before 4:00 p.m. on the 5th business day prior to the dividend record date to participate [3] Company Overview - Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions, and risk-managed exploration in Alberta [5]

Core Insights - Crude oil and gasoline prices increased, with crude reaching a one-week high, influenced by a decline in the dollar index and reduced Russian crude exports [2][3] Group 1: Price Movements - January WTI crude oil closed up by $0.77 (+1.32%), while January RBOB gasoline rose by $0.00474 (+2.60%) [1] - Crude oil prices were supported by geopolitical tensions, particularly in Venezuela, and operational disruptions in Russian oil exports due to Ukrainian attacks [2][3] Group 2: Supply Dynamics - Russian crude oil exports fell to 1.7 million barrels per day (bpd) in the first half of November, marking the lowest level in over three years [4] - Ukrainian attacks have targeted Russian refineries, reducing Russia's refining capacity by 13% to 20% and limiting crude export capabilities by up to 1.1 million bpd [4] - The Caspian Pipeline Consortium, which exports 1.6 million bpd of Kazakhstan's crude, also faced disruptions due to pipeline damage [3] Group 3: OPEC and Market Estimates - OPEC+ announced plans to maintain production levels during Q1 of 2026, which supports current price levels [3] - OPEC revised its Q3 global oil market outlook from a deficit to a surplus of 500,000 bpd, driven by higher-than-expected US production and increased OPEC output [6] - The EIA adjusted its 2025 US crude production forecast to 13.59 million bpd, up from 13.53 million bpd [6] Group 4: Storage and Inventory - Crude oil stored on tankers that have been stationary for at least 7 days increased by 12% week-over-week to 124.64 million barrels, the highest level in nearly 2.5 years [5]

Core Insights - The national average price of gasoline has dropped below $3 per gallon, reaching its lowest level since 2021, with a median price of $2.83 per gallon, which is 6.9 cents lower than a month ago and 5.4 cents lower than a year ago [1][3] - Diesel prices have also declined, with the national average currently at $3.72 per gallon, down 5.5 cents from the previous week [2] - Oil prices remain low, with Brent crude trading at $63.07 per barrel and WTI crude at $59.19 per barrel, both showing a decrease from a month ago [4] Gasoline and Diesel Prices - Nearly every state experienced a decrease in average gas prices leading into Thanksgiving, with the national average falling to $2.95 per gallon over the weekend [3] - Some gas stations are offering prices below $2 per gallon, indicating significant regional variations in pricing [2] Oil Inventory and Market Trends - U.S. oil inventories increased by 2.8 million barrels but remain 4% below the seasonal average, while gasoline inventories rose by 2.5 million barrels, also 3% below the five-year seasonal average [5] - Distillate inventories increased by 1.1 million barrels but are still 5% below the five-year seasonal average [5] Energy Price Forecasts - U.S. energy prices are projected to rise, with residential electricity prices increasing by 5.8% from August 2024 to August 2025, and further moderate increases expected in 2025 and 2026 [6]

Market Overview - U.S. equity markets are mixed as of December 1st, 2025, with investors reacting to concerns over tech valuations, cryptocurrency volatility, and upcoming economic data [1] - Major indexes initially faced losses but showed resilience in afternoon trading [1] Major Market Indexes Performance - S&P 500 (SPX) is up 36.48 points (+0.54%) at 6,849.09 [2] - Nasdaq Composite (IXIC) has gained 151.00 points (+0.65%) to 23,365.69 [2] - Dow Jones Industrial Average (DJI) leads with an increase of 289.30 points (+0.61%) to 47,716.42 [2] Sector Performance - Energy sector is strong, up +1.06%, followed by Consumer Discretionary (+0.48%) and Materials (+0.45%) [4] - Technology stocks are gaining +0.13%, indicating a potential broadening of market strength [4] - Utilities (-2.08%), Real Estate (-1.08%), and Health Care (-1.03%) are lagging [5] Key Company News & Stock Movements - Nvidia (NVDA) shares are up 1.6% after announcing a $2 billion investment in Synopsys (SNPS), which saw its shares surge by approximately 4% [6] - Tesla (TSLA) is facing a slump in sales in European markets, while Airbus (AIR) shares fell over 6% due to quality issues [7] - Cryptocurrency-related stocks like Coinbase Global (COIN) and Robinhood Markets (HOOD) are down about 6% and 5%, respectively, as Bitcoin prices drop [8] Upcoming Market Catalysts - The Federal Reserve's FOMC meeting on December 9th and 10th is anticipated to result in a 0.25% interest rate cut, with an 88% probability according to the CME FedWatch Tool [11] - Key economic data releases include ISM Manufacturing PMI and S&P Global Manufacturing PMI, with Fed Chair Jerome Powell's speech being closely monitored [12] - Upcoming corporate earnings reports include Marvell Technology (MRVL) and CrowdStrike (CRWD) on December 2nd, and Salesforce (CRM) and Snowflake (SNOW) on December 3rd [14]