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• 🎃 DAILY OIL PRICE: October 31, 2025
  Crude Oil: 60.98   (+0.41)....
  
  
  • Crude Oil: 60.98   (+0.41).
  
  
  • Nymex MTD AVG: 59.9755.
  
  
  • Natural Gas: 4.124   (+0.168).
  
  
  • Gasoline: 1.9931   (-0.0103).
  
  
  • Spreads: December/January (+0.38)     January/February (+0.34).
  
  
  • Plains WTI Posting: 57.46   (+0.41).
  
  

  
  Source: Odessa American
  
  
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• Dow, S&P 500 and Nasdaq all close higher, booking weekly and monthly gains
  The U.S. stock market closed higher Friday after a choppy...

  The U.S. stock market closed higher Friday after a choppy trading session, scoring weekly and monthly gains despite the government shutdown as investors appeared encouraged by companies’ latest quarterly earnings results.

  
  

  The Dow Jones Industrial Average finished 0.1% higher Friday, while the S&P 500 gained 0.3% and the technology-heavy Nasdaq Composite climbed 0.6%, according to preliminary data from FactSet. Big Tech stocks helped drive gains on Friday, with Amazon.com Inc. surging after its quarterly results.

  
  

  For the week, the Dow rose 0.8%, the S&P 500 gained 0.7% and the Nasdaq rallied 2.2%, the preliminary FactSet data showed. All three benchmarks posted October gains, with the S&P 500 rising for a sixth straight month.

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• Ecopetrol, Petrobras Announce JV to Market NatGas from Colombia’s Sirius Project
  Colombia’s state-run energy company Ecopetrol and...

  Colombia’s state-run energy company Ecopetrol and Brazil’s state-run oil firm Petrobras have formed a partnership for the joint marketing of natural gas from Colombia’s Sirius project, the companies announced on Oct. 30. The project is key to increasing Colombia’s limited gas reserves, as the country has been forced to increase fuel imports to meet domestic demand.

  
  

  The Sirius project, with an estimated 6 Bcf of gas and a $5 billion investment, is expected to start operations between 2029 and 2030.

  
  

  The Sirius block is owned by Ecopetrol, which holds a 55.6% stake, and by Petrobras, which has the remaining 44.4%.

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• North Dakota Awards Bakken E&Ps EOR Development Grants
  The North Dakota Industrial Commission...

  The North Dakota Industrial Commission awarded $45.1 million in matching grants on Oct. 27. The awards were made as part of a grant round for the state’s Oil and Gas Research Program.

  
  
  

  
  

  
  

  The funds will be used for oil and natural gas EOR projects in North Dakota. Approved projects include Chord Energy’s large-scale hydrocarbon gas-injection EOR pilot project, which received $13.9 million in funding.
  

  Continental Resources' proposal for a multi-well, multi-zone EOR project utilizing produced gas in Williams County received $9.8 million.  Continental also received $8.7 million for an EOR pilot project in Dunn County.

  
  
  

  
  

  
  
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• ☕️What Else is Brewing Friday Morning
  Palantir says two former AI engineers stole company secrets. The...
  Palantir says two former AI engineers stole company secrets. The company named after the object with which Pippin nearly gave away the secret that Frodo and Sam were carrying the One Ring to Mordor has accused two ex-employees of stealing its secrets. Palantir sued two former senior AI engineers, alleging that they stole information to launch a “copycat” company, Percepta, Bloomberg reported. According to the lawsuit, the employees lied about their plans to start a competitor when they resigned in November 2024 and February 2025, respectively. Palantir also claims one of them stole “highly confidential” documents the day before she resigned by sending them to herself on Slack. Percepta’s parent company declined to comment to Bloomberg.
  
  The US government shutdown has cost contractors that do business with the government $12 billion so far, according to the Chamber of Commerce.
  
  Prince Andrew was stripped of his title and evicted from his royal residence by his brother King Charles III yesterday over the former’s relationship with Jeffrey Epstein.
  
  Netflix announced a 10-for-1 stock split, which could make its shares more accessible to the average investor.
  
  The IOC and Saudi Arabia canceled their 12-year contract to host the Esports Olympics in Riyadh, saying they “mutually agreed” to end it, without elaborating.
  
  AOL, the web portal where millennials slowly waited for images of their favorite pop stars to load in the late 1990s and early 2000s, was sold to the Italian software company Bending Spoons for $1.5 billion.
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