The United States ordered non-emergency government employees and their family members to leave Saudi Arabia effective October 23 due to safety risks, the US embassy in Riyadh said on Friday, citing Houthi attacks on civilian airports and other critical infrastructure. US government employees require special authorisation to use Saudi airports following recent missile and drone attacks, the embassy said, warning US citizens of potential further attacks, airspace closures, flight cancellations [Read more]
Headlines
US energy firms hold total rig count unchanged for third week in a row, says Baker Hughes
US energy firms this week left the total rig count unchanged for a third week in a row, energy services firm Baker Hughes said in its closely followed report on Friday. The total oil and gas rig count, an early indicator of future output, held steady at 603 in the week to October 30. Baker Hughes said the total rig count was up 57 rigs, or 10%, from this time last year. Baker Hughes said oil rigs rose by two to 462 this week, their highest since early October, while gas rigs fell by two [Read more]
US crude output rose in August while petroleum demand declined, EIA says
US crude oil output rose in August, while demand for crude oil and petroleum products declined, the US Energy Information Administration (EIA) said in its Petroleum Supply Monthly report on Friday. US crude oil production rose 19,000 barrels per day in August to 13.965 million bpd, compared with the EIA's revised July figure of 13.946 million bpd. Meanwhile, total oil demand was down 2.9% or 618,000 bpd versus last year, at 20.595 million bpd. New Mexico crude production hit a monthly [Read more]
Grain, fuel shipments boost CN Rail profits amid more ‘positive’ climate: CEO
MONTREAL - Canadian National Railway Co. saw profits perk up last quarter as the country's largest railroad operator rode a surge in grain and fuel shipments amid Canada's more "positive" investment milieu, its CEO says. The Montreal-based company on Friday reported a six per cent year-over-year jump in third-quarter net income to $1.21 billion. Revenues rose 14.5 per cent to $4.77 billion, though some of the extra cash went to cover fuel costs, which leaped 56 per cent from the same [Read more]
Big Oil’s spending caution speaks louder than its profits: Bousso
Big Oil is reaping near record cash windfalls from the eight-month-old Iran war, but Western energy producers’ reluctance to ramp up spending reveals persistent doubts about the industry’s long-term outlook. BP, Chevron, Exxon Mobil, Shell and TotalEnergies reported combined net profits of $56 billion in the third quarter, driven by surging oil and gas prices, record-high refining margins and strong trading results. BP posted its highest quarterly profit ever, $8.5 billion, as earnings [Read more]
Energy index hits record high as oil rally lifts sector
(Updates) ** S&P 500 energy index hits record high, tracking higher crude prices, last up 1.4% ** Brent crude futures up 2.2% at $117.41/barrel, on course to finish over 13% higher for the month ** US West Texas Intermediate (WTI) crude futures climbed 2.04% to $104.8/barrel, heading for a monthly jump of about 15% ** Prices rise as fears of an escalation in the US-Iran conflict and a tanker attack in the Strait of Hormuz heighten supply concerns ** Phillips 66, Valero Energy, [Read more]
ExxonMobil Announces Third-Quarter 2026 Results
Decade of disciplined investment delivering industry-leading results, supplying products society needs Reported EPS of $3.72, or $4.23 adjusted EPS1 Record year-to-date refining operational performance: highest global fuels utilization excluding Middle East impacts2; highest global diesel yield3; and highest North American diesel volumes3 Achieved cumulative Upstream production milestones: 1 billion barrels at both Guyana and Kearl, 100 million tons at PNG LNG Solidified [Read more]
Canadian Oil & Gas Producers — What to Watch in the Q3 2026 Earnings Calendar
Third-quarter earnings season is underway for Canada's major oil and gas producers, offering an early look at how companies are positioning themselves for 2027. Beyond quarterly production and financial results, we'll be watching for any indications of next year's capital spending plans, how producers are balancing investment in growth with returns to shareholders through dividends and share buybacks, and whether companies continue to prioritize net debt reduction. With 2027 budgets beginning to [Read more]
Imperial declares fourth quarter 2026 dividend
CALGARY, Alberta--(BUSINESS WIRE)--Imperial Oil Limited (TSE: IMO, NYSE American: IMO) today declared a quarterly dividend of 87 cents per share on the outstanding common shares of the company, payable on January 1, 2027, to shareholders of record at the close of business on December 3, 2026. This fourth quarter 2026 dividend compares with the third quarter 2026 dividend of 87 cents per share. Imperial has a long and successful history of growth and financial stability in Canada as a [Read more]
Imperial announces third quarter 2026 financial and operating results
Record quarterly net income of $2,454 million Cash flows from operating activities of $3,228 million and cash flows from operating activities excluding working capital1 of $2,957 million Quarterly Upstream production of 418,000 gross oil-equivalent barrels per day Kearl quarterly production of 282,000 total gross oil-equivalent barrels per day (200,000 barrels Imperial's share) Cold Lake quarterly production of 139,000 gross oil-equivalent barrels per day Downstream record [Read more]
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