Oil Steadies Ahead of OPEC+ Talks
Oil prices ended the week steady as traders anticipated another modest OPEC+ output increase.
Oil prices ended the week steady as traders anticipated another modest OPEC+ output increase.
U.S. President Donald Trump suggested that trade talks between the U.S. and Canada won't restart.
Exxon Mobil Corp. and Chevron Corp. outperformed Wall Street expectations.
'Over the last 10 years the oil and gas industry has shed 252,000 jobs,' the IEEFA said.
In his high-profile meeting with Chinese leader Xi Jinping on Thursday, Trump said 'we didn't really discuss the oil'.
Canadian oil producer MEG Energy Corp. postponed a shareholder vote on a C$7.6 billion ($5.4 billion) takeover proposal by Cenovus Energy Inc. until next week.
Oil prices were little changed as investors await clarity on Russian supply disruptions and US trade progress with China.
TotalEnergies SE said debt came down in the third quarter and will likely fall further by the end of the year.
Energy Secretary Chris Wright said the U.S. is prepared to sell more oil and natural gas to China if Beijing cuts back on purchases from Russia.
Crude oil stocks, not including the SPR, stood at 416.0 million barrels on October 24, the EIA's latest weekly petroleum status report showed.