As of Friday, November 6, 2026 at 1:40 PM CT
WTI
$91.06
▲ +$0.54 (+0.6%)
Brent
$98.53
▲ +$0.24 (+0.2%)
Henry Hub $/MMBtu
$2.99
▲ +$0.04 (+1.4%)
U.S. Rigs
604
▲ +1 w/w · 463 oil / 131 gas
Storage EIA gas storage week ending Oct 30 (released 9:30 a.m. ET Thu): +77 Bcf to 3,801 Bcf (vs ~81 Bcf expected), 54 Bcf above the five-year average and 109 Bcf below last year. WTI tile is the December contract, Brent January (December expired Oct 30), Henry Hub December. GasBuddy national average gasoline about $4.06, diesel near $6.28
TOP STORY
Oil chops near WTI $91 and Brent $98.50 as Rapidan still puts an 80% chance on renewed U.S.-Iran fighting, Aramco cuts December Asia OSPs to a six-year low, and a Gulf tanker attack kills a seafarer
Friday afternoon Yahoo shows WTI about $91.06 and Brent about $98.53 versus Thursday settles of $90.52 and $98.29. CNBC cites Rapidan's 80% probability fighting resumes and a path back above $100, while Saudi Aramco cut December Arab Light for Asia by $2 to a roughly $6.50–$7/bbl Oman/Dubai discount (lowest since May 2020) and Velos Tankers confirmed a seafarer fatality on MT Velos Sapphire north of Qatar. Brent is still down hard from a weekly peak above $110 Monday.
Onshore USA
- ConocoPhillips posts $4.0 billion Q3 earnings ($3.34/share; $3.27 adjusted), returns $3.4 billion to shareholders, raises the ordinary dividend 11% to $0.93, and lifts commercial LNG offtake to 13 MTPAConocoPhillips
- Devon posts $1.0 billion Q3 net earnings and $2.0 billion adjusted free cash flow in its first full quarter with Coterra, with 1.668 million boe/d (553,000 b/d oil), raises 2026 synergy run-rate to about $350 million and aims for >$1 billion of buybacks in Q4Devon Energy
- EOG earns $2.8 billion, or $5.33 a share, in Q3 with record oil, NGL and gas volumes, $2.2 billion of free cash flow, an 8% raise in the regular dividend to $1.10, and a new JKM-linked gas sales deal pushing premium LNG-linked exposure above 1 Bcf/d by 2030EOG Resources
- Baker Hughes U.S. rig count edges up 1 to 604 for the week ending Nov 6 (oil 463, gas 131, Permian 273) even as oil crashed midweek, while Primary Vision frac crews fall a third straight week to 191OilPrice.com
- North Dakota's active rig count holds flat at 36 for the week ending Nov 6 after adding three rigs over the past month, leaving Williston Basin drilling in a holding patternBakken Wire
- Ascent Resources Utica averages 2,190 MMcfe/d in Q3 with $165 million adjusted free cash flow, lifts 2026 production guidance, and redeems its 2027 senior notes at par on Nov 1Ascent Resources
- Chord Energy's Q3 oil output of 165,500 b/d beats guidance, net income hits $181.6 million and adjusted free cash flow $442 million as it lifts full-year oil outlook about 1% to 162,500 b/dChord Energy
Pipes, LNG & Policy
- TC Energy raises 2026 comparable EBITDA outlook to C$11.8-12.0 billion and sanctions about $3 billion of new growth, including Crossroads and American Midwest expansions totaling 2.4 Bcf/d for Midwest power/data-center demand and Coastal GasLink Phase 2 after LNG Canada's FIDTC Energy
- FERC staff posts the environmental assessment for Freeport LNG's Hourly Production Increase (CP26-551), covering a rise in maximum hourly liquefaction from about 33.6 to 35 MMscf/h without lifting the 870 Bcf/y annual cap; 90-day federal authorization deadline Feb 4, 2027FERC
- Asian spot LNG eases to about $31.40/MMBtu for December NE Asia delivery in the week to Nov 6 but stays near a four-year high as Europe competes for winter cargoes and Middle East disruption keeps the market structurally tightPipeline & Gas Journal
- Minnesota PUC's 4-1 Magellan/ONEOK products-pipeline permit near Pipestone National Monument draws tribal protests as commissioners require coordinated cultural surveys starting April 2027Sahan Journal
- Poland's Orlen says it has begun offtakes under its second Venture Global U.S. LNG contract and expects more U.S. volumes while Qatar supply stays uncertain amid the Mideast conflictEnergy Intelligence
- Colombia designates restoration of the idle Antonio Ricaurte gas pipeline from Venezuela a project of strategic national interest, aiming to import about 50 MMcf/d at first if OFAC licensing clears PDVSA dealingsEcopetrol
- Tokyo Gas's Shinichi Sasayama says Asian spot LNG already above $30/MMBtu could climb further into winter depending on weather, inventory draws and geopolitical riskTradingView (Reuters)
International
- Velos Tankers confirms a seafarer was killed after a suspected missile strike on Marshall Islands-flagged product tanker MT Velos Sapphire north of Qatar, as UKMTO counts at least five Gulf vessel attacks so far in NovemberDeutsche Welle
- Saudi Aramco cuts December Arab Light OSP for Asia by $2 a barrel to a discount of about $6.50–$7 to Oman/Dubai, the lowest since May 2020, while also cutting Europe/Med grades $1 and leaving U.S. prices unchangedZawya (Reuters)
- Trump says the world will know 'very soon' whether he cuts a deal with Iran or orders new strikes to 'destroy what is left,' after a call with Qatar's emir, while the IRGC claims more tankers hit mines near HormuzCBS News
- Iraq's oil minister says terms are agreed with Chevron on West Qurna-2 (about 480,000 b/d) and a contract signing is targeted before year-end, with talks continuing on Nasiriyah and four exploration blocksMEES
- TotalEnergies signs a five-year deal for up to 1.6 mt of LNG from ADNOC Gas starting 2026 and plans to ship 0.9 mtpa to China's Jiangsu Guoxin from 2028Offshore Energy
- TotalEnergies deploys a deepwater rig to Nigeria's Akpo field for a fresh drilling campaignPremium Times Nigeria
- Iran's security chief Mohsen Rezaei says Tehran and Moscow discussed a Russia-to-Iran gas pipeline so Iran can ease wartime shortages and re-export Russian gas to neighboring countriesDawn (Fars)
Watch next
- Occidental Q3 due Mon Nov 9
- Freeport LNG federal authorization clock after EA (deadline Feb 4, 2027)
- Trump decision on Iran deal vs new strikes; Qatar mediation; Abu Dhabi talks Nov 10-11
- Chevron West Qurna-2 contract signing timing
- Full OPEC+ ministerial on 2027 quotas Nov 29
- Asian LNG winter price path after $31.40/MMBtu soft patch