198 stories in the last 48 hours · updated 16:04 WAT
Exxon and Chevron shares rose in premarket trading after both companies beat earnings estimates due in part to strong refining margins and higher gas prices. Bloomberg's Kevin Crowley says the oil majors earned a combined $56 billion in the third quarter, the third highest on record. He reports from Excerpt, Bloomberg Markets
Source Bloomberg Markets
Earlier on Tuesday, a Houthi official said the Egyptian parliament's decision to authorize defensive military support for Saudi Arabia amounted to a declaration of war. Excerpt, Le Monde in English
Source Le Monde in English also The Jerusalem Post, Al-Monitor
According to The Guardian, BP has reported a jump in quarterly profits, which it attributed to the war in the Middle East driving up oil and gas prices and leading to significantly higher trading. The company said on Friday that third-quarter underlying replacement cost profit rose to $8.46bn, up from $2.2bn a year earlier. The Guardian World and Guardian Business sections carried the same story under near-identical headlines and excerpts, so the sources do not disagree on the figures. The excerpts supplied are truncated, so further detail on refining margins and other results is not available from them. Summary from 2 sources
Summary from 2 sources The Guardian Business first
According to Bloomberg Markets, ANZ Group Holdings Ltd has raised its oil price forecast as the market tightens amid the Iran war. Bloomberg reported that oil-market balances are now more fragile than at the start of the Middle East conflict. ANZ said any flareup after the US midterm elections would push prices higher. Only one source was supplied, so there are no conflicting accounts to compare. Summary from 1 source
Summary from 1 source Bloomberg Markets
ExxonMobil Holdings Corp. plans to invest more than $100 billion over the next few years to help augment global energy supplies, Chief Executive Officer Darren Woods told CNBC after the supermajor posted blockbuster quarterly results. Excerpt, Bloomberg Markets
Source Bloomberg Markets
Democrats are using the high price of diesel, heating oil, and fertilizer to tie Republicans to President Donald Trump’s unpopular, costly war in Iran. Excerpt, Wired
Source Wired
Multiple thick, tall columns of dark gray smoke rose high into the sky Excerpt, NDTV
Source NDTV
