Norway produced over 10.5 billion cubic feet per day of natural gas in September, its lowest monthly figure this year, according to preliminary official data.
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'The Trump administration is advancing the long-delayed natural gas pipeline to strengthen America's energy security', the DOE said.
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The global average crude freight rate surged above $20 per barrel, from $3 per barrel a year ago, analysts at Goldman Sachs said.
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However, the European Commission assured there was 'currently no physical shortage of these products in Europe'.
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The sale may attract interest from private equity suitors, and the oil companies are aiming for a deal that values the unit at about $8 billion, according to the Financial Times.
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The new appointment 'formalizes his executive leadership at the board level as the company moves from the appraisal phase into development', the early-stage natural gas exploration and production company said.
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Commercial crude oil stocks, not including the SPR, came in at 412.517 million barrels on October 16, the EIA's latest weekly petroleum status report showed.
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Mahmoud Mashal, Senior Market Analyst at VT Markets Dubai, highlighted that both WTI and Brent oil prices were rising intraday 'as escalating tensions in the Middle East revived concerns over Gulf supply'.
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Iberdrola declared a dividend of EUR 0.275 per share for 2026, up 8.7 percent from 2025 as the Spanish power utility sustains growth in networks.
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Turkey moved closer to expanding energy exploration in the eastern Mediterranean after the second of Libya's two governments endorsed maritime boundaries disputed by European Union members Greece and Cyprus.
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Oil and gas exploration and production employment positions in Texas fell by 500 to 196,400 jobs in September compared to August, the Texas Oil and Gas Association said.
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