Group 1: Skillsoft Corp. (SKIL) - Skillsoft is an instructor-led training services company with a Zacks Rank 1 [1] - The Zacks Consensus Estimate for its current year earnings has increased by 240.9% over the last 60 days [1] - Skillsoft has a PEG ratio of 0.36 compared to the industry average of 0.98, and it possesses a Growth Score of B [1] Group 2: Micron Technology, Inc. (MU) - Micron Technology is a memory and storage products company with a Zacks Rank 1 [2] - The Zacks Consensus Estimate for its current year earnings has increased by 24.4% over the last 60 days [2] - Micron has a PEG ratio of 0.51 compared to the industry average of 1.45, and it possesses a Growth Score of A [2] Group 3: Ultrapar Participaçoes S.A. (UGP) - Ultrapar is a distributor of liquefied petroleum gas, gasoline, ethanol, diesel, fuel oil, and kerosene with a Zacks Rank 1 [3] - The Zacks Consensus Estimate for its current year earnings has increased by 51.9% over the last 60 days [3] - Ultrapar has a PEG ratio of 1.96 compared to the industry average of 2.44, and it possesses a Growth Score of A [3]

Summary of Key Points from the Oil Data Digest Industry Overview - The report focuses on the oil industry, specifically detailing oil inventory data across various regions including the US, Japan, Europe, Singapore, and Fujairah. Core Insights and Arguments - **Total Oil Inventories**: Total oil inventories decreased by 27.4 million barrels (mln bbls) last week, with crude stocks down by 6.7 mln bbls and refined product stocks down by 20.7 mln bbls, indicating a significant draw across all regions [2][3][4][6]. - **Regional Breakdown**: - **US**: Crude stocks drew by 6.3 mln bbls, with a notable drop in gasoline stocks by 5.9 mln bbls and middle distillate stocks by 3.4 mln bbls [6][75][77]. - **Japan**: Total oil stocks decreased by 2.7 mln bbls, with crude stocks contributing to this draw [32][4]. - **Europe**: Total oil stocks saw a minor draw of 0.4 mln bbls [34]. - **Singapore**: Product inventories decreased by 4.8 mln bbls [27]. - **Fujairah**: Product inventories drew by 2.3 mln bbls [25]. Additional Important Information - **Refinery Operations**: US refinery runs fell by 510 thousand barrels per day (kbpd) week-over-week, primarily due to unplanned outages in key refineries [75][83]. - **Crude Production**: US crude production increased slightly by 20 kbpd, averaging 13.6 million barrels per day (mbpd) [89]. - **Import and Export Trends**: Crude imports dropped by 0.9 mbpd while exports rose by 0.2 mbpd, contributing to the overall draw in crude inventories [90][76]. - **Historical Context**: The current inventory levels for gasoline and middle distillates are now below the levels seen in 2024 for the same period, indicating tighter supply conditions [77]. Summary Tables - **Week-Over-Week Changes**: A summary table indicates significant draws in crude and refined products across various regions, with total crude stocks down by 6.736 mln bbls and refined products down by 20.668 mln bbls [6][7][78]. This summary encapsulates the critical data and insights from the oil inventory report, highlighting trends and changes in the oil market that could impact investment decisions.

1. Report Industry Investment Rating - No industry investment rating is provided in the report [2][3][4] 2. Core Viewpoints of the Report - International oil prices are oscillating. The easing of trade concerns and the escalation of geopolitical situations have led to a recent rebound in oil prices. However, in the long - term, due to the loose supply - demand pattern of crude oil, the long - term oil price will remain weak, and the short - term rebound height may be limited. For both crude oil and fuel oil, the current operation strategy is to wait and see [3] 3. Summary by Relevant Catalogs 3.1 Crude Oil Market - **Market Influencing Factors**: The first round of Sino - US economic and trade consultations in Kuala Lumpur, Malaysia, is expected to ease trade concerns and boost the oil market. Geopolitically, the cancellation of the Trump - Putin meeting and US sanctions on Russian oil producers may disrupt the global crude oil supply chain. In terms of supply and demand, OPEC+ has reached a principle agreement to increase production slightly in November, while global crude oil consumption has gradually declined since September, with a drop of 1 - 3 million barrels per day in the off - season compared to the peak season [3] - **Price and Spread Data**: SC crude oil closed at 468.9 yuan/barrel, up 0.86%; WTI crude oil was at 61.44 dollars/barrel, unchanged; Brent crude oil was at 64.92 dollars/barrel, unchanged. There are also various spread data such as SC - WTI, SC - Brent, etc. [3] - **Spot Price**: Oman crude oil was at 68.1 dollars/barrel, up 6.87%; Russian ESPO was at 60.63 dollars/barrel, up 3.16%; Brent Dtd was at 62.39 dollars/barrel, up 5.75% [4] - **Fundamental Data**: US EIA data shows that crude oil commercial inventory decreased by 0.23% to 422,824 thousand barrels; gasoline inventory decreased by 0.98% to 216,679 thousand barrels; distillate oil inventory decreased by 1.26% to 117,030 thousand barrels; US production decreased by 0.05% to 13,629 thousand barrels per day [4] 3.2 Fuel Oil Market - **Inventory and Trade Data**: As of the week ending October 22, Singapore's residue fuel oil inventory decreased by 2.036 million barrels or 8.1% to 23.027 million barrels (3.63 million tons). In September 2025, China's bonded marine fuel oil imports were 543,400 tons, up 10.98% month - on - month and down 4.11% year - on - year; exports were 2.2363 million tons, up 36.09% month - on - month and 2.4% year - on - year. From January to September 2025, the cumulative exports of China's bonded marine fuel oil were 15.322 million tons, up 1.53% year - on - year [3] - **Market Situation**: For high - sulfur fuel oil, consumption from power generation terminals will gradually decline after the end of the power demand peak season in the Northern Hemisphere. For low - sulfur fuel oil, the Asian market structure is weakening, and the arbitrage arrival volume in Singapore in October is expected to increase. The fuel oil market generally follows the short - term sharp rebound of international oil prices [3] - **Price and Spread Data**: FU high - sulfur fuel oil closed at 2,842 yuan/ton, up 1.00%; LU low - sulfur fuel oil closed at 3,257 yuan/ton, up 1.02%. There are also various spread data such as FU - SC, LU - SC, LU - FU, etc. [3] - **Spot Price**: Singapore high - sulfur fuel oil was at 395 dollars/ton, up 2.33%; Singapore low - sulfur fuel oil was at 442.5 dollars/ton, up 1.36% [4] - **Fundamental Data**: Singapore's fuel oil inventory increased by 1.34% to 23,699 thousand barrels. The exchange warehouse receipts of FU fuel oil increased by 26.76% to 37,890 [4] 3.3 Macro Data - The US dollar index was at 98.9417, up 0.01%; the US 10 - year Treasury yield was at 4.02%, up 0.25%; the RMB/US dollar exchange rate was 7.2545, unchanged; the Baltic BDI index was at 1,991, down 3.21% [4]

Core Insights - The Ryazan oil refinery in Russia, a significant asset for Rosneft, was forced to halt a major crude distillation unit due to a Ukrainian drone attack, resulting in a fire at the facility [1][2] - The affected unit, CDU-4, processes approximately 4 million metric tons of crude annually, accounting for about 80,000 barrels per day, which is nearly 25% of the refinery's total capacity [2] - The attack is part of a broader strategy by Ukraine to target Russian fuel infrastructure, which has implications for domestic fuel availability in Russia as winter approaches [3][4] Industry Impact - The Ryazan refinery processed 13.1 million tons of crude last year, producing 2.3 million tons of gasoline, 3.4 million tons of diesel, and 4.2 million tons of fuel oil, indicating a significant contribution to Russia's fuel supply [4] - A prolonged outage at the refinery could exacerbate fuel shortages in Russia, particularly during the winter months when heating demand is high [4] - While the immediate supply impact on global markets is limited, the symbolic nature of the attack raises the risk premium in oil prices and challenges the Kremlin's ability to safeguard its critical infrastructure [5]

Group 1: Skillsoft Corp. (SKIL) - Skillsoft is an instructor-led training services company with a Zacks Rank 1 [1] - The Zacks Consensus Estimate for its current year earnings has increased by 240.9% over the last 60 days [1] - The company has a PEG ratio of 0.51, compared to 0.96 for the industry, and possesses a Growth Score of B [1] Group 2: Construction Partners, Inc. (ROAD) - Construction Partners is a civil infrastructure company with a Zacks Rank 1 [2] - The Zacks Consensus Estimate for its next year earnings has increased nearly 2% over the last 60 days [2] - The company has a PEG ratio of 1.03, compared to 1.71 for the industry, and possesses a Growth Score of B [2] Group 3: Ultrapar Participaçoes S.A. (UGP) - Ultrapar is a distributor of liquefied petroleum gas, gasoline, ethanol, diesel, fuel oil, and kerosene with a Zacks Rank 1 [3] - The Zacks Consensus Estimate for its current year earnings has increased by 33.3% over the last 60 days [3] - The company has a PEG ratio of 1.97, compared to 2.56 for the industry, and possesses a Growth Score of A [3]

Core Points - Suburban Propane Partners, L.P. has scheduled its Fiscal 2025 Full Year and Fourth Quarter Results Conference Call for November 13, 2025, at 9:00 AM Eastern Time [1] - Analysts and investors can access the call via the internet or by telephone [2] - A replay of the conference call will be available from November 13, 2025, until November 20, 2025 [3] Company Overview - Suburban Propane is a publicly traded master limited partnership listed on the NYSE, headquartered in Whippany, New Jersey, and has been in the customer service business since 1928 [4] - The company distributes propane, renewable propane, renewable natural gas, fuel oil, and related products, servicing approximately 1 million customers across 42 states [4] - Suburban Propane operates approximately 700 locations and is involved in low carbon alternatives [4] Core Values - The company is supported by three core pillars: 1. Suburban Commitment, emphasizing reliability and excellence in customer service [5] 2. SuburbanCares, focusing on community engagement [5] 3. Go Green with Suburban Propane, promoting clean energy solutions [5]

Core Insights - Suburban Propane Partners, L.P. celebrates the recognition of its President and CEO, Michael A. Stivala, who received the 2025 NJBIZ Executive Excellence Award and Gold-level honors in the 2025 GLOBEE Awards for Leadership [1][2] Company Achievements - Stivala has over two decades of service at Suburban Propane, with more than ten years as CEO, leading the company through growth, diversification, and innovation [3] - Under his leadership, Suburban Propane has expanded to over 700 locations across 42 states, serving over one million customers [4] - The company has launched Suburban Renewables and secured a multi-year partnership with NASCAR, reflecting a commitment to sustainability and operational excellence [3][4] Community Engagement - Suburban Propane actively supports social impact initiatives through its SuburbanCares platform, focusing on veterans, first responders, youth programs, and disaster relief [4] - The company emphasizes its dedication to local communities and sustainable energy solutions as part of its core values [6]

Group 1: Market Dynamics - The current geopolitical risks and strong global demand indicate a potential shift towards a bullish market environment, with OPEC+'s production increases possibly insufficient to counter this trend [1] - Reports suggest a possible oil glut in the coming months, yet the market remains stable, influenced by geopolitical threats rather than OPEC+ actions [4][9] - The ongoing conflict and attacks on Russian oil infrastructure are leading to significant disruptions in Russia's export capabilities, impacting global oil supply [5][6] Group 2: Ukraine's Military Impact - Ukraine's drone strikes have effectively targeted Russian oil refineries and logistics, significantly degrading Russia's ability to export petroleum products [2][3] - The introduction of the Flamingo Missile by Ukraine could further escalate the situation, potentially causing substantial damage to Russian oil infrastructure [5] - Ukrainian military actions are seen as the most effective sanctions against Russia's war economy, impacting its hydrocarbon monetization options [3] Group 3: Russian Oil Supply Challenges - Reports indicate severe fuel shortages in Russia, affecting both the war economy and increasing the risk of internal unrest [6] - Despite increasing seaborne crude exports, Russia's lack of storage capacity limits its options, leading to potential domestic production shutdowns if export volumes cannot be maintained [7] - The geopolitical landscape suggests that any increase in Russian crude exports may not alleviate the tightening of global product availability, particularly in consuming regions [8]

Summary of Key Points from the Conference Call Industry Overview - The report focuses on the oil industry, specifically oil inventory data in various regions including the US, Europe, Japan, Singapore, and Fujairah [1][2][3][4][5][6]. Core Insights and Arguments - Total oil inventories decreased by 7.9 million barrels (mln bbls) last week, with crude stocks drawing down by 8.0 mln bbls primarily due to significant reductions in the US [1][2][3][4]. - Refined product stocks remained flat week-over-week (WoW), as increases in the West counterbalanced declines in Asia [1][3]. - Distillate stocks increased by 5.0 mln bbls, driven by a build in the US [3][4]. - Gasoline stocks decreased by 2.2 mln bbls, influenced by draws in both the US and Fujairah [4][5]. - Fuel oil stocks saw a reduction of 3.4 mln bbls, primarily due to draws in Singapore and Fujairah [4][5]. Regional Inventory Changes - **US**: Total oil stocks decreased by 6.9 mln bbls, with crude stocks down by 9.3 mln bbls, and gasoline stocks down by 2.4 mln bbls [23][79][85]. - **Japan**: Total oil stocks increased by 1.4 mln bbls, with crude stocks up by 1.0 mln bbls [24][26]. - **Europe**: Total oil stocks increased by 1.5 mln bbls, with refined product stocks up by 1.75 mln bbls [29][33]. - **Singapore**: Product inventories decreased by 1.0 mln bbls [29][31]. - **Fujairah**: Product inventories decreased by 2.9 mln bbls [27][28]. Additional Important Insights - US crude production remained stable at 13.5 million barrels per day (mbpd) [77][89]. - Refinery runs dropped by 390 thousand barrels per day (kb/d) WoW, with overall US refinery utilization rates falling to 93.3% [78][87]. - The sharp decline in net crude imports contributed significantly to the draw on crude inventories [77]. - The report indicates that the gasoline draws were stronger than seasonal norms and market expectations, suggesting an uptick in implied demand [79][100]. Conclusion - The oil market is experiencing significant inventory draws, particularly in the US, which may indicate tightening supply conditions. The mixed inventory changes across different regions highlight the complexities of global oil supply and demand dynamics.

Summary of Weekly Oil Data Industry Overview - The report focuses on the oil industry, specifically crude oil and refined products in the United States. Key Points Crude Oil Inventory - Crude oil inventories decreased by **9.2 million barrels (Mb)**, significantly more than the consensus estimate of a **0.9 Mb** draw and the 5-year average draw of **2.7 Mb** [1] - API data indicated a draw of **3.4 Mb** [1] - Net crude imports fell by **3.1 million barrels per day (Mb/d)** week-over-week [1] - Crude oil production slightly decreased by **13 thousand barrels per day (kb/d)** to **13.5 Mb/d** [1] Refinery Utilization - Refinery utilization decreased by **160 basis points (bps)** week-over-week to **93.3%** of operable capacity, compared to a consensus decrease of **40 bps** [1] Product Demand - Implied oil products consumption increased by **0.9 Mb/d** week-over-week to **20.6 Mb/d**, reversing the previous week's decline [2] - Gasoline consumption led the increase, rising by **0.3 Mb/d** [2] - Total demand on a 4-week average increased by **2%** week-over-week, reaching **20.7 Mb/d** [2] Product Stocks - Total product inventories rose by **10.5 Mb** week-over-week to **867 Mb** [3] - The increase was primarily driven by "Others" (+**7.5 Mb**), followed by distillate (+**4.0 Mb**) and propane (+**1.3 Mb**) [3] - Gasoline stocks fell by **2.3 Mb**, contrary to the consensus expectation of an increase of **0.1 Mb** [3] Detailed Inventory Data - Crude oil production was reported at **13,482 kb/d**, with a week-over-week change of **-13 kb/d** [4] - Crude oil imports were **5,692 kb/d**, down **579 kb/d** [4] - Exports increased significantly by **2,532 kb/d** to **5,277 kb/d** [4] - Total crude oil stocks were reported at **415.4 Mb**, down **9.3 Mb** [4] Market Implications - The significant draw in crude oil inventories and the increase in product demand suggest a tightening market, which could lead to upward pressure on oil prices [1][2][3] - The decrease in refinery utilization may indicate a cautious approach by refiners in response to fluctuating demand and inventory levels [1] Additional Insights - The report highlights the volatility in product stocks, particularly the unexpected decline in gasoline inventories, which could impact pricing and supply strategies moving forward [3] - The data reflects broader trends in the oil market, including shifts in consumer behavior and potential geopolitical influences on supply and demand dynamics [2][3] This summary encapsulates the critical data and insights from the weekly oil report, providing a comprehensive overview of the current state of the oil industry in the United States.