December WTI crude oil (CLZ25) today is up +0.04 (+0.07%), and December RBOB gasoline (RBZ25) is down -0.0119 (-0.59%). Crude oil prices are seeing support today from continued geopolitical risks related to Russia, last Friday's seizure by Iran of an oil tanker in the Gulf of Oman, and the US military buildup for a possible attack on Venezuela, which is the world's 12th-largest oil producer.  Oil prices were undercut as Russia's key oil export port of Novorossiysk reportedly resumed some operations after ...

Core Insights - U.S. oil and natural gas drilling activity is on a decline despite record-high production levels [1] Industry Summary - The U.S. Energy Information Administration (EIA) reported a continued decrease in drilling activity for oil and natural gas [1]

Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Characteristics - Momentum investing can be risky as stocks may lose momentum when their valuations exceed future growth potential, leading to potential losses for investors [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [3] Group 2: Par Petroleum (PARR) Analysis - Par Petroleum (PARR) has shown significant recent price momentum, with a four-week price change of 24.1%, indicating growing investor interest [4] - PARR has gained 40.4% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [5] - The stock has a beta of 1.74, suggesting it moves 74% more than the market, indicating fast-paced momentum [5] - PARR holds a Momentum Score of A, suggesting it is an opportune time for investment to capitalize on its momentum [6] Group 3: Earnings Estimates and Valuation - PARR has received upward revisions in earnings estimates, earning a Zacks Rank 1 (Strong Buy), which typically attracts more investor interest [7] - The stock is trading at a Price-to-Sales ratio of 0.29, indicating it is undervalued, as investors pay only 29 cents for each dollar of sales [7] - PARR is positioned for further growth, with ample room to increase in value at a fast pace [8] Group 4: Additional Investment Opportunities - Besides PARR, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, suggesting further investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]

Core Insights - Petrobras is evaluating a reduction in capital expenditures (capex) for the 2026-2030 period to $106 billion, reflecting a cautious outlook amid volatile oil prices [1][2] - The proposed capex represents a 4.5% decrease from the previous allocation of $111 billion for 2025-2029, indicating a shift in financial strategy due to expectations of continued weakness in crude oil prices [2][3] - The company is recalibrating its oil price assumptions, considering a range of $60-$65 per barrel for the upcoming period, down from an initial assumption of $83 per barrel [3] Capital Spending Strategy - Petrobras' capital spending decisions are influenced by Brazil's political landscape, especially with upcoming presidential elections, which may increase pressure to enhance investments in infrastructure projects [4][5] - The company remains committed to focusing on the strategic development of exploration and production assets, particularly in the pre-salt fields off Brazil's coast [6][10] - Most of the proposed capex, approximately $91 billion, is earmarked for already approved projects, with $15 billion allocated for early-stage assets and exploration [12] Financial Management and Dividends - The reduction in capex may impact Petrobras' ability to pay dividends, but the company aims to balance financial health with shareholder expectations [7][8] - Petrobras has stated it will not raise its debt ceiling, currently set at $75 billion, reflecting a commitment to maintaining a stable financial structure while investing in critical energy infrastructure [13][14] - The cautious approach to capex and dividend policy positions Petrobras as a more resilient entity amid market volatility [8][14] Future Outlook - As Petrobras moves forward with its revised capital expenditure plans, it must remain agile in response to changing market dynamics, political pressures, and shareholder demands [15][16] - The company's strategic decisions will significantly impact both the Brazilian economy and global energy markets in the coming years [17]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

A man pushes a tricycle loaded with LPG cylinders on the road below the Adani signage in Mumbai. US based Hindenburg Research firm's allegation on fraud by Adani Enterprise has sparked political debate in India by the opposition parties.India is ramping up its energy imports from the U.S. in a bid to reduce its trade surplus with Washington — a key demand of the Trump administration during trade negotiations with New Delhi.On Monday, Hardeep Singh Puri, Indian union minister of petroleum and natural gas, an ...

TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum (NYSE American: EP) ("Empire†or the "Company†), an oil and gas company with producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, today reported operational and financial results for the third quarter 2025. THIRD QUARTER 2025 HIGHLIGHTS Produced Q3-2025 net production volumes of 1,566 barrels of oil per day ("Bbls/d†), an increase of 5% compared to Q2-2025; Reported 2,398 barrels of oil equivalent per day ("Boe/d†); Boe/d i. ...

LIVE Nasdaq Futures Jump as Investors Buy the AI Dip Last Updated: Brent crude and WTI were both flat at $64.39 and $59.98 a barrel, respectively, after rallying at the end of last week. "Brent crude oil prices continue to fluctuate in a $60-$70 a barrel range, with the market focus shifting to how Russian oil exports will evolve over the coming months," Giovanni Staunovo from UBS said. Topics Memberships Subscribe to Barron's 1 hour ago Oil Steady With Focus on Russian Supply By Giulia Petroni, Dow Jones N ...

Group 1: Oil Market Dynamics - Oil prices are stable, with Brent near $64 per barrel and West Texas Intermediate around $60, following a more than 2% increase after an attack on Novorossiysk [1] - The market is currently fluctuating in a $60-$70 per barrel range, with a focus on the evolution of Russian oil exports in the coming months [1] - Geopolitical tensions, including the attack on Novorossiysk and Iran's seizure of an oil tanker, have added a premium to oil prices amid a global surplus [1] Group 2: Geopolitical Actions - The US has intensified actions against Russia, including blacklisting major companies like Rosneft and Lukoil, as part of efforts to end the war in Ukraine [2] - President Trump expressed support for Senate legislation aimed at sanctioning countries that engage in business with Russia [2] Group 3: Refinery Margins and Supply Issues - Refinery margins have increased due to attacks on Russia's energy infrastructure and outages at key plants in Asia and Africa, leading to reduced diesel and gasoline supplies [3] - Speculators have shown significant bullish sentiment towards Europe's diesel benchmark, marking the largest outright bullish wagers since 2022 [3]

Core Insights - The Oil and Gas Development Company (OGDCL) has commenced oil production from the Pasakhi-14 well in Hyderabad district, Sindh, Pakistan, producing 1,100 barrels of oil per day, which supports the company's strategy for exploration and national energy security [1][3] Company Operations - OGDCL holds a 100% working interest in the Pasakhi and Pasakhi North Development and Production Lease, with the Pasakhi-14 well drilled to a depth of 2,183 meters targeting the upper sands of the Lower Goru formation [2] - The company employed advanced drilling technologies including a Rotary Steerable System (RSS), Electromagnetic Measurement While Drilling (MWD), and a nitrified mud system for the drilling of Pasakhi-14, marking the first use of a nitrified mud system to enhance directional control and formation integrity [2][3] - The well is equipped with electric submersible pump technology to facilitate production [3] Strategic Developments - The addition of Pasakhi-14 aligns with OGDCL's strategy of focused exploration, efficient drilling, and production optimization to meet the energy security needs of Pakistan [3] - In the previous year, OGDCL began production at Kunnar West Well-3, which produces 3.5 million cubic feet of gas, 30 barrels of condensate, and 3.8 tonnes of liquefied petroleum gas daily [5] - Recently, OGDCL and its joint venture partners secured a provisional award for eight exploration blocks offshore Pakistan following a government-led competitive bidding round [6]