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• CenterPoint Sells Ohio Gas Assets to National Fuel Gas for $2.62B
  CenterPoint Energy is selling its Ohio natural...

  CenterPoint Energy is selling its Ohio natural gas distribution assets to National Fuel Gas Co. for $2.62 billion.

  
  

  The deal includes approximately 5,900 miles of transmission and distribution pipeline in Ohio serving 335,000 metered customers, the companies announced Oct. 21. National Fuel will also acquire a team of employees to operate the distribution and transmission assets.

  
  

  The deal is expected to close in the fourth quarter of 2026 and is subject to federal and state regulatory reviews.

  
  

  The acquisition will double the size of National Fuel’s gas utility rate base and expand operations into Ohio. National Fuel produces, transports, stores, and distributes natural gas in western New York and Pennsylvania.

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• ☕️What Else is Brewing Wednesday Morning
  The Trump–Putin meeting was called off. Less than...
  The Trump–Putin meeting was called off. Less than a week after announcing that President Trump would soon meet with Vladimir Putin in Hungary to discuss ending the war in Ukraine, the White House said the rendezvous is not happening any time soon. According to ABC News, a White House official argued that the meeting was no longer necessary after Secretary of State Marco Rubio and his counterpart, Russian Foreign Minister Sergei Lavrov, “had a productive call.” Russia has not budged from its maximalist position that the “root causes” of the war must be addressed before it agrees to a ceasefire.
  
  President Trump is reportedly demanding that the Justice Department pay him $230 million in compensation for its previous criminal investigations of him.
  
  GM beat Wall Street’s earnings expectations and raised its guidance after it said it had experienced a smaller hit from tariffs than initially forecast.
  
  Sanae Takaichi became Japan’s first female prime minister yesterday, promising to boost the country’s economy and improve relations with the US.
  
  Coca-Cola with cane sugar has started to roll out in the US after President Trump called on the company to use the ingredient instead of high fructose corn syrup.
  
  Walmart paused job offers to candidates who need H-1B visas, Bloomberg reported, following the Trump administration’s instituting $100,000 visa fees.
  
  HBO Max raised prices by $1–$2 per month, depending on the type of plan.
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• DAILY OIL PRICE: October 21, 2025
  Crude Oil: 57.82   (+0.30)....
  
  
  • Crude Oil: 57.82   (+0.30).
  
  
  • Nymex MTD AVG: 59.5695.
  
  
  • Natural Gas: 3.474   (+0.077).
  
  
  • Gasoline: 1.8253   (-0.0049).
  
  
  • Spreads: November/December (+0.58)     December/January (+0.08).
  
  
  • Plains WTI Posting: 54.30   (+0.30).
  
  

  
  Source: Odessa American
  
  
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• Dow ends at record high, S&P 500 flat, Nasdaq slips as earnings season ramps up
  U.S. stocks finished mixed on Tuesday with the Dow Jones...

  U.S. stocks finished mixed on Tuesday with the Dow Jones Industrial Average booking a new all-time closing high as investors digested strong third-quarter earnings from 3M and Coca-Cola.

  
  

  The Dow advanced 218.16 points, or 0.5%, to end at 46,924.74, according to FactSet data. The blue-chip index has risen for three consecutive trading days.

  
  

  The S&P 500 ended flat, at 6,735.35.

  
  

  The Nasdaq Composite lost 36.88 points, or nearly 0.2%, to finish at 22,953.67

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• SLB CEO doubtful of N. American rebound despite profit beat
  A significant recovery in North American drilling activity is unlikely...
  A significant recovery in North American drilling activity is unlikely amid persistently high production costs in certain shale basins, said SLB CEO Olivier Le Peuch, adding that he expects international markets to drive the next rebound. SLB exceeded third-quarter profit expectations, posting an adjusted $0.69 per share versus estimates of $0.66, with North America revenue up 14% to $1.93 billion following its $7.75 billion acquisition of ChampionX.
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