Indonesia looks to unlock its upstream potential by offering more than 100 previously untapped oil and gas basins to global investors for exploration. Southeast Asia’s biggest economy, which is also a major oil and gas producer, aims to reverse its decade-long production decline and bolster national energy security. Indonesia targets to nearly double its oil production to 1 million barrels per day (bpd) of crude oil. Currently, Indonesia pumps about 600,000 bpd of crude. Indonesia has developed only 20 ...

After several wild weeks of movement in diesel prices, at times rising far faster than any movement in crude prices would justify, the benchmark price used for most fuel surcharges fell after four weeks of increases. The Department of Energy/Energy Information Administration average weekly retail diesel price declined 3.7 cents/gallon to $3.831/g. The one-week decline comes after a four-week stretch in which the price rose 24.8 cts/g to $3.868/g. The DOE/EIA price was effective Monday and posted Tuesday. ...

Core Insights - Oil prices are predicted to fall to their lowest levels in two decades, with Brent crude oil expected to average $42 per barrel in 2027 due to increased production from OPEC, leading to a supply glut [1][5] - JP Morgan forecasts that without intervention, oil prices could slide into the $30s by year-end, a level not seen since 2004 [2] - The International Energy Agency reported a significant increase in global oil supply, with Saudi Arabia boosting output by nearly 1.5 million barrels per day from January to October [8] Supply Dynamics - OPEC's increased output is aimed at protecting market share, resulting in Brent crude prices dropping from over $82 in January to $62 [2] - The surplus in oil production is expected to rise to 2.8 million barrels per day next year, up from 1.5 million barrels per day this year [4] - Saudi Arabia's production increase aligns with its higher quota, while Russian production has only increased by 120,000 barrels per day due to sanctions [8][9] Demand Trends - Demand for oil is being negatively impacted as Chinese consumers shift from petrol and diesel vehicles to electric vehicles [3] - The increase in oil supply and subsequent price drops are anticipated to benefit consumers, particularly in terms of lower transportation costs [5][6] Economic Implications - Lower oil prices are expected to contribute to a significant decrease in inflation, although global economic volatility may affect this outcome [7] - The International Energy Agency noted a substantial rise in global oil stockpiles, reaching the highest level since July 2021, indicating a potential oversupply situation [8]

Oil fell 2.5% on Tuesday morning following reports that Ukraine has mostly agreed to a peace deal with the U.S. European Gas Prices Chill at Lowest Levels Since May 2024 - European gas prices have fallen below the €30 per MWh threshold (the equivalent of $11 per MMbtu) as the triple whammy of Russia-Ukraine peace talks, warmer weather and ample supply lowered the TTF benchmark to its lowest since May 2024. - Following a brief cold spell that brought this winter season’s first snow, temperatures across ...

French oil major TotalEnergies will relocate its floating LNG storage and regasification unit currently stationed in northwest France, it said on Tuesday. ...

Core Insights - President Trump's tariff strategy has significantly impacted the oil and gas sector, with upstream, midstream, and refining companies facing higher costs for essential materials despite crude oil and fuel imports being exempt from tariffs [1][4]. Equipment Costs and Supply Chains - The oil and gas industry is experiencing cost inflation on equipment and materials due to tariffs, particularly on steel, which is crucial for various infrastructure components [2]. - Tariffs are expected to increase offshore project costs by 2–5%, leading to delays or renegotiations of capital plans by operators [3]. Impact of Chinese Tariffs - Chinese tariffs affect the supply chain for electrical gear, valves, sensors, and AI-enabled drilling controls, which can significantly impact the economics of drilling programs [4]. Crude Oil Imports - Crude oil and refined products are exempt from tariffs to protect refinery economics and avoid politically sensitive fuel price increases during election years [6].

Core Points - The article discusses the annual "Turkey of the Year" award, which is given to the worst-performing stock teaser pitch over the past year, focusing on overhyped or misleading stock recommendations [3][4][5] - This year, two main candidates for the award are Iovance (IOVA) and Sable Offshore (SOC), both of which have seen significant declines in stock value [6][13] Summary of Iovance (IOVA) - Iovance was pitched as a takeover target and had some scientific achievements, including an FDA-approved treatment for solid tumors, but has struggled with scalability and profitability [6][9] - The stock was initially teased at $10.44 and closed at $2.25, representing a loss of approximately 78%, and a relative loss of about 95% compared to the S&P 500, which gained roughly 20% during the same period [9][10] - The company projected $1 billion in annual sales for its treatment but is now expected to generate closer to $250 million this year, with declining gross profit margins [10][12] Summary of Sable Offshore (SOC) - Sable Offshore was promoted based on CEO James Flores' connections to the Trump administration, which were expected to facilitate permits for oil production at the Santa Ynez oil field [13][14] - The stock was pitched at $24.19 and closed at $4.47, marking an approximate 80% drop, with a relative loss of about 98% compared to the S&P 500 [19][20] - The company has faced ongoing legal and permitting challenges, despite announcing a restart of production in May 2025, and is currently in a financially precarious position [15][21] Lessons Learned - The article emphasizes the importance of understanding the scalability and business viability of biotech companies, as well as the risks associated with politically motivated investments in energy projects [10][23] - It highlights the need for a solid rationale beyond political connections when investing in stocks, especially in sectors facing local opposition [23][25]

Market Overview - Major stock indices experienced a significant rally on Monday, with the Dow Jones Industrial Average closing at 46,448, up 0.43%, the S&P 500 at 6,705, up 1.55%, and the NASDAQ at 22,872, up 2.69%, marking its best day since May [2] - The market rally was attributed to an oversold condition, a bounce-back from Friday's performance, and positive commentary regarding AI, data centers, and hyperscalers, which helped alleviate concerns over high AI spending and increasing debt [2] Treasury Bonds - Treasury yields decreased as buying interest increased, supported by comments from Fed Governor Christopher Waller advocating for a potential rate cut due to persistent low inflation and a struggling job market [3] - The 30-year long bond yield closed at 4.68%, while the benchmark 10-year note was at 4.03% [3] Oil and Gas - Energy markets saw a rebound on Monday, driven by optimism regarding potential Federal Reserve interest rate cuts that could stimulate economic growth and fuel demand [4] - Brent Crude oil finished at $63.44, up 1.41%, and West Texas Intermediate at $58.96, up 1.55%, while natural gas prices fell by 1.31% to $4.52 [4] Seasonal Trends - Analysts suggest the market may be positioning for a seasonal "Santa Claus rally," as concerns about a Thanksgiving sell-off have lessened [5]

Core Insights - Exxon Mobil Corporation (XOM) has a market capitalization of $489.1 billion, making it one of the largest integrated energy companies globally, with significant upstream oil and gas assets, refining operations, and chemical businesses [1] - The company is categorized as a "mega-cap" stock due to its valuation exceeding $200 billion, and it operates across traditional energy, petrochemicals, and emerging lower-emission opportunities [2] Stock Performance - XOM shares have decreased by 4.9% from their 52-week high of $121.88, but have increased by 4.2% over the past three months, slightly outperforming the S&P 500 Index, which rose by 4.1% during the same period [3][4] - Year-to-date, XOM stock has gained 7.8%, which is below the S&P 500's increase of 13.5%, and over the past 52 weeks, XOM shares have declined by 4.8%, while the S&P 500 has gained 11.2% [4] Financial Performance - In Q3 2025, Exxon Mobil reported an adjusted EPS of $1.88, which exceeded expectations, but the stock fell slightly due to revenue of $85.29 billion falling short of forecasts [5] - Key segments showed weakness, particularly a $1.4 billion year-over-year decline in Chemical Products earnings, which overshadowed positive production and cash-flow results [5] Analyst Outlook - Compared to its rival Chevron Corporation (CVX), XOM stock has performed better, with CVX gaining only 3.4% year-to-date and declining 7.8% over the past 52 weeks [6] - Analysts maintain a moderately optimistic outlook for XOM, with a consensus rating of "Moderate Buy" and a mean price target of $128.96, representing an 11.2% premium to current levels [6]

Investment Plan - Abu Dhabi National Oil Company (ADNOC) has announced a $150 billion investment plan for the period between 2026 and 2030 to sustain operations, expand growth, and address global energy needs [1] - The investment plan was discussed during the annual Board of Directors meeting chaired by UAE President Sheikh Mohamed bin Zayed Al Nahyan [1] Reserves and Production - ADNOC's updated oil reserves are now at 120 billion stock tank barrels (bstb), an increase from 113 bstb, while natural gas reserves have risen to 297 trillion standard cubic feet (tscf) from 290 tscf [2] - The Ghasha concession, which includes the Hail, SARB, Ghasha, Dalma, and Nasr fields, is expected to produce 1.8 billion standard cubic feet of gas and 150,000 barrels per day of oil and condensates [5] International Partnerships and Exploration - ADNOC is attracting new international partners for unconventional exploration concessions to enhance gas self-sufficiency and meet rising global gas demand [3] - The unconventional resources in Abu Dhabi are estimated at 160 tscf of gas and 22 bstb of oil [3] Technological Advancements - ADNOC's international investment division, XRG, has seen its enterprise value grow to $151 billion from approximately $80 billion since its launch in November 2024 [4] - Recent oil and gas discoveries have amounted to over 1.2 billion barrels of oil equivalent (bboe), aided by advanced technologies such as the world's largest 3D seismic survey and AI-powered data interpretation [4] Financial Performance - Adnoc Gas reported a net income of $1.34 billion for Q3 2025, marking its highest-ever Q3 net income, which represents an 8% increase compared to the same period last year [6]