QatarEnergy signs 20-year deal for 3 mtpa of Woodside’s Louisiana LNG
QatarEnergy has agreed to buy 3 mtpa of LNG from Woodside's Louisiana LNG project for 20 years from 2030. The deal makes the world's top LNG exporter the largest buyer of US…
Energy Insight · page 2
BrentFront-month futures, Jan 27
$104.77 $/bbl
−$8.66 (−7.6%) on prior
Close 2 November 2026
WTIFront-month futures, Dec 26
$96.46 $/bbl
−$7.66 (−7.4%) on prior
Close 2 November 2026
Henry HubFront-month futures, Dec 26
$2.856 $/MMBtu
−$0.042 (−1.4%) on prior
Close 2 November 2026
TTF (Dutch gas)Front-month futures, Dec 26
$30.20 $/MMBtu
−$0.82 (−2.6%) on prior
Close 3 November 2026
Front-month futures, previous close; contract month on each box. Brent: NYMEX Brent Last Day Financial futures, which settle on ICE Brent. WTI and Henry Hub: NYMEX. TTF: Dutch TTF futures, converted to US$/MMBtu at the daily EUR/USD rate. Data: Yahoo Finance, delayed.
Sinopec Q3 2026 profit jumps 57% on refining margins as China fuel demand falls
Sinopec's third-quarter 2026 net profit rose 57.2% to CNY13.36bn ($2.01bn) as wider refining margins and higher crude prices offset falling fuel demand. China's refined fuel consumption dropped 8.6% in the first nine…
Brent crude climbs back above $115 as Trump weighs military options on Iran
Brent crude climbed back above $115 a barrel in early Asian trade on Friday 30 October 2026, after a report that Donald Trump was briefed on military options against Iran and a…
TotalEnergies Q3 2026 results: adjusted profit jumps to $9.1bn on record refining
TotalEnergies posted third-quarter 2026 adjusted net income of $9.1bn, up 51% on the quarter and above forecasts, as record refining margins and a strong gas market lifted earnings. It will buy back…
Repsol Q3 2026 results: net income jumps to €2.8bn ($3.2bn), new €950mn buyback
Repsol's third-quarter 2026 net income rose almost fivefold to €2.81bn ($3.23bn), driven by a $36.2-a-barrel refining margin in Spain. The company launched a third 2026 buyback of €950mn ($1.09bn) and raised its…
ExxonMobil and Chevron cancel ADIPEC trips to Abu Dhabi over Iran security fears
ExxonMobil chief executive Darren Woods and Chevron upstream president Clay Neff have cancelled plans to attend ADIPEC in Abu Dhabi on 2–5 November 2026, citing security concerns, Reuters reported.
BP breakup backed by some board members, Semafor reports; BP calls it ‘categorically false’
Some BP board members favour breaking up the $129bn oil major, Semafor reported, though no decision has been made and chief executive Meg O'Neill appears opposed. BP called the report 'categorically false'.
QatarEnergy extends LNG force majeure to end-2026 for Edison, Pakistan and Bangladesh
QatarEnergy has extended force majeure on LNG deliveries to Italy's Edison and to buyers in Pakistan and Bangladesh until the end of December 2026. India's Petronet LNG faces the same for November…
Phillips 66 results: Q3 2026 profit hits $5.6bn as refining margins soar
Phillips 66 earned $5.6bn, or $14.08 a share, in the third quarter of 2026, up from $3.8bn in the second quarter. Its realised refining margin rose to $38.00 a barrel, and refining…
Brent crude holds near $115 as Houthi refinery claim and US–Iran strike fears lift oil
Brent crude settled 1.3% higher at $115.32 a barrel on Wednesday after the Houthis claimed a missile strike on Saudi Arabia's Ras Tanura refinery. Prices eased on Thursday as hopes for US–Iran…
Equinor Q3 2026 results: $12.35bn operating income, production guidance raised to 4%
Equinor reported third-quarter 2026 adjusted operating income of $12.35bn and raised its 2026 production growth guidance to about 4%. Adjusted earnings per share of $1.20 missed forecasts, but cash flow and buybacks…
Petrobras production hits record 3.5mn boe/d, beating its 2028 peak target
Petrobras produced a record 3.51 mmboe/d of oil and gas in the third quarter of 2026, up 11.7% on the year and above the 3.4 mmboe/d peak its plan expected in 2028.…
PetroChina profit jumps 21.6% in Q3 2026 to $7.8bn on higher oil and gas prices
PetroChina's third-quarter 2026 net profit rose 21.6% to CNY51.84bn ($7.78bn), driven by higher oil and gas prices. Nine-month 2026 profit hit a record CNY155.78bn ($23.37bn), even as domestic fuel sales fell.
First 1mn barrels of Venezuelan oil under US–NABEP deal arrive in Texas
Two tankers carrying 1mn barrels of Venezuelan crude, the first cargo under the US deal with producer NABEP, unloaded in Corpus Christi, Texas. The oil will be sold to refineries run by…
Aramco offers discounted spot crude to Europe as East-West pipeline restarts
Saudi Aramco has offered spot crude cargoes to European refiners for October and November loading, some at a discount, after its East-West pipeline restarted. Buyers will also get full November term volumes.
Woodside sells Greater Sunrise gas stake to TIMOR GAP for up to $200mn
Woodside has agreed to sell its entire Greater Sunrise interest to Timor-Leste's TIMOR GAP for up to $200mn. Most of the money is due only after the project ships its first LNG…
Belgium drafts law to nationalise Engie’s nuclear plants if takeover talks fail
Belgium's government has reportedly drafted a law to nationalise Engie's nuclear plants as a fallback. Talks on a state takeover of the reactors look unlikely to meet a 4 November deadline.
Puri says India faces no US pressure on Russian oil, rules out going beyond E20
Oil Minister Hardeep Singh Puri said India faces no US pressure over Russian crude and will buy from whoever offers the best price. He also ruled out raising ethanol blending beyond 20%…
Brent crude rebounds to $115 after fire near Saudi Arabia’s Ras Tanura hub
Brent crude climbed back to about $115 a barrel on Wednesday after a fire near Aramco's Ras Tanura hub. Prices had fallen almost $2 on Tuesday as talks in Tehran eased supply…
Reliance hands Wabag mega desalination order for Jamnagar worth over INR10bn
Reliance Industries has awarded VA Tech Wabag a 'mega' order, worth over INR10bn ($105mn), to build a seawater desalination plant and a remineralisation unit at Jamnagar.
