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Investopedia· 2025-10-16 07:00
Upstream and downstream oil and gas production refer to a company’s location in the supply chain. https://t.co/LCRk4WgZkv ...
Oil up 1% after Trump says India promised to stop buying from Russia
Yahoo Finance· 2025-10-16 04:40
By Katya Golubkova and Sam Li TOKYO (Reuters) -Oil prices rose around 1% on Thursday after U.S. President Donald Trump said Indian Prime Minister Narendra Modi had pledged his country would stop buying oil from Russia, a move that could drain supply elsewhere. Brent crude futures rose 54 cents, or 0.87%, to $62.45 a barrel by 0430 GMT. U.S. West Texas Intermediate (WTI) futures climbed 57 cents, or 0.98%, to $58.84. Both contracts touched their lowest since early May in the previous session on U.S.-Chin ...
Trump says Modi assured him India will stop Russian oil purchases, but timeline unclear
CNBC· 2025-10-16 03:00
Core Points - Indian Prime Minister Narendra Modi has assured U.S. President Donald Trump that India will stop purchasing oil from Russia, although the cessation will take time [2][4] - The U.S. government is concerned about India's continued imports of Russian crude, as it supports Russia's military actions in Ukraine [2][3] - The halt in oil purchases from Russia is expected to facilitate efforts to end the war in Ukraine, according to Trump [4] Oil Market Impact - Following the announcement, Brent crude futures increased by 0.82% to $62.43 per barrel, while U.S. West Texas Intermediate futures rose by 0.89% to $58.79 [4]
Oil Prices Rebound After Trump Claims India Will Curb Russian Oil Imports
Yahoo Finance· 2025-10-16 01:30
Oil prices recovered slightly in early Asian trade on Thursday after a steep drop that pushed WTI and Brent to five-month lows the day before. The rebound was fueled by renewed optimism over U.S. pressure on India to curb its imports of Russian crude, which could tighten arbitrage flows and compress margins for buyers. At the time of writing, West Texas Intermediate for November delivery was trading 0.91% higher at $58.80 per barrel. Meanwhile, Brent December futures were up 0.89% at $62.46 per barrel. T ...
Oil Chiefs See $60 Oil as Breaking Point for Shale Growth
Yahoo Finance· 2025-10-16 00:00
Core Viewpoint - Top executives from major oil companies remain optimistic about the medium and long-term oil market despite acknowledging short-term bearish conditions due to oversupply [1][2][4] Supply and Demand Dynamics - Short-term supply growth is outpacing demand, leading to a projected glut, with varying estimates on the extent of oversupply later this year and early next year [2] - The International Energy Agency (IEA) reported a significant increase in oil supply, with an addition of 102 million barrels in September, the largest increase since the pandemic [3] Market Outlook - Executives express confidence that the market will rebalance in the medium term, with supply struggling to keep up with demand in the long term [2][4] - TotalEnergies' CEO highlighted that non-OPEC crude production will decline when oil prices fall to $60 per barrel or lower, indicating a potential slowdown in the shale industry [5][6] Production Projections - U.S. oil output is expected to grow by 300,000 to 400,000 barrels per day this year, but may plateau at WTI prices between $60 and $65 per barrel [6]
Mario Gabelli Reduces Holdings in 3D Systems, Blue Owl, and Diamondback Energy
Acquirersmultiple· 2025-10-15 22:57
Core Insights - GAMCO Investors, led by Mario Gabelli, has made significant reductions in its equity portfolio, indicating a selective trimming of positions where valuations have increased or catalysts have played out [1] - The firm executed several full exits this quarter, reflecting a continued streamlining of the portfolio and reallocating capital towards higher-conviction opportunities [2] Reductions by Percentage Change - 3D Systems Corp (DDD) saw a reduction of 82.14%, with GAMCO selling 46,000 shares, leaving only 10,000, indicating concerns about the 3D printing sector's adoption and profitability [5] - Blue Owl Capital Inc (OWL) was reduced by 80.12%, with 222,080 shares trimmed, suggesting a reassessment of alternative asset managers amid changing market conditions [5] - Diamondback Energy Inc (FANG) experienced a 74.74% reduction, with 7,549 shares sold, likely reflecting profit-taking after strong sector performance [5] - Illinois Tool Works (ITW) was reduced by 58.99%, with 7,020 shares trimmed, possibly indicating concerns about valuation or cyclical demand [5] - AllianceBernstein Holding LP (AB) saw a reduction of 53.89%, with 38,800 shares sold, reflecting tactical portfolio management amid earnings pressures [5] Full Exits - Notable full exits included Sandy Spring Bancorp ($6.15M), Intra-Cellular Therapies ($5.0M), and Lions Gate Entertainment ($3.6M), indicating a disciplined approach to realizing gains [2] - Other significant exits included Patterson Companies, Beacon Roofing Supply, and Barrick Gold, highlighting a diverse range of sectors from which GAMCO has divested [2]
YPF Sociedad (YPF) Tumbles on Lower Oil Prices, US-China Trade Spat
Yahoo Finance· 2025-10-15 20:56
Core Viewpoint - YPF Sociedad Anonima (NYSE: YPF) experienced a significant decline of 5.79% to $26.05 amid falling oil prices and escalating US-China trade tensions [1][4]. Oil Prices Impact - As of the latest update, Brent crude oil prices decreased by 0.13% to $62.31 per barrel, while West Texas Intermediate fell by 0.10% to $58.64 per barrel, negatively affecting the share prices of oil and gas firms like YPF [2]. - The decline in oil prices is attributed to general investor sentiment being dampened by China's investigation into US actions regarding its shipbuilding dominance [2][3]. Company Developments - YPF is scheduled to release its third-quarter earnings on November 10, during market hours, followed by a conference call to discuss the results [4].
Flowco Holdings Inc. to Announce Third Quarter 2025 Results on November 5, 2025
Businesswire· 2025-10-15 20:30
"Company†), a provider of production optimization, artificial lift and methane abatement solutions for the oil and natural gas industry, today announced the Company will report its third quarter 2025 financial results on Wednesday, November 5, 2025 before the market opens, followed by a conference call the same day at 8:00 a.m. Eastern Time. The conference call can be accessed live over the phone by dialing 1-877-704-4. HOUSTON--(BUSINESS WIRE)--Flowco Holdings Inc. (NYSE: FLOC) ("Flowco†or the ...
Crude Prices Slip on the Outlook for Ample Global Supplies
Yahoo Finance· 2025-10-15 19:19
November WTI crude oil (CLX25) on Wednesday closed down -0.43 (-0.73%), and November RBOB gasoline (RBX25) closed up +0.0058 (+0.32%). Crude oil and gasoline prices settled mixed on Wednesday.  Crude remains under pressure on concerns over a global supply glut after the IEA on Tuesday forecast a record global oil glut of 4.0 million bpd for 2026.   Strength in stocks on Wednesday and a weaker dollar were supportive factors for crude. More News from Barchart On Tuesday, crude oil prices tumbled to a 5.25 ...
Crude Oil Could Fall Below $50, BofA Warns
Yahoo Finance· 2025-10-15 19:00
Oil prices extended losses on Wednesday as rising OPEC+ supply and escalating U.S.-China trade tensions deepened concerns over global demand, prompting Bank of America to warn that Brent crude could drop below $50 per barrel in the months ahead. In midday trading at 1:13p.m. ET on Wednesday, WTI crude was trading at $58.55, while Brent was trading at $62.14. The pullback leaves both benchmarks down about 5-6% since the start of October, marking their lowest levels in five months and erasing much of their ...