United States Oil And Gas

Oil prices climbed more than $1 on Wednesday as escalating Middle East tensions heightened concerns about supply disruptions, while declining U.S. inventories supported crude futures.

Phillips 66 (NYSE:PSX) locked out union-represented employees at its Bayway Refinery in Linden, New Jersey, after a temporary labor contract extension expired.

Halliburton (NYSE:HAL) reported third-quarter 2026 revenue of $5.7 billion, exceeding analyst expectations, while adjusted earnings reached $0.60 per diluted share.

Brent crude futures rose 0.47% to $110.07 per barrel on October 20, 2026, as Middle Eastern security risks supported oil prices.

BW LPG (NYSE:BWLP) announced an agreement to sell its 2008-built BW Loyalty vessel, expecting an approximately $52 million disposal gain.

Chord Energy (NASDAQ:CHRD) reported preliminary third-quarter production of 290,500–290,900 barrels of oil equivalent daily, exceeding its guidance ceiling of 284,000 barrels.

Transocean (NYSE:RIG) announced two U.S. Gulf drilling contracts worth approximately $550 million in combined firm backlog for Deepwater Proteus and Deepwater Conqueror.

Brent crude fell US$2.29, or 2.08%, to US$107.57 per barrel on Monday after Washington waived key Russia sanctions.

BW LPG (NYSE:BWLP) reported approximately US$164 million in third-quarter gross trading results from its Product Services segment, with estimated net profit reaching US$118 million.

Brent crude traded at $105.48 per barrel and West Texas Intermediate at $97.40 on October 16, with both benchmarks heading for weekly gains amid tanker attacks near the Strait of Hormuz.

Brent Crude futures fell 1.7% to $104.30 a barrel on Thursday as potential US sanction relief offset escalating supply risks in the Strait of Hormuz.

National Fuel Gas (NYSE:NFG) announced that its board of directors approved a plan to spin off its Integrated Upstream and Gathering (IUG) business into a separate public company.