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• US grid investments surge in response to rising demand
  US grid investments are projected to jump 23% between 2025 and 2030 as...
  US grid investments are projected to jump 23% between 2025 and 2030 as utilities and private investors respond to surging power demand. The rise follows a 27% increase from 2020 to 2025. Key drivers include the rapid growth of data centers, new manufacturing facilities and broader electrification. Companies like Avangrid and PG&E are leading the charge with multi-billion-dollar commitments, while federal policies under both Biden and Trump administrations have shaped the pace and focus of grid modernization.
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• Weak oil prices weighed on Q3 US upstream O&G dealmaking
  US upstream oil and natural gas mergers and acquisitions fell 28% sequentially...
  US upstream oil and natural gas mergers and acquisitions fell 28% sequentially to $9.7 billion in the third quarter, according to Enverus, which attributed the decline to an unfavorable price environment. "Most remaining shale M&A opportunities need stronger pricing to justify public companies paying for the undeveloped locations," said Enverus analyst Andrew Dittmar. However, natural gas properties drew renewed interest amid surging demand from LNG exports and AI data centers, though buyers are increasingly looking beyond the high-priced Haynesville Shale for opportunities.
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• DAILY OIL PRICE: October 23, 2025
  Crude Oil: 61.79   (+3.29). Nymex MTD AVG: 59.6196....
  
  
  • Crude Oil: 61.79   (+3.29).
  
  
  • Nymex MTD AVG: 59.6196.
  
  
  • Natural Gas: 3.344   (-0.106).
  
  
  • Gasoline: 1.9269   (+0.0619).
  
  
  • Spreads: December/January (+0.63)     January/February (+0.52).
  
  
  • Plains WTI Posting: 58.27   (+3.29).
  
  

  
  Source: Odessa American
  
  
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• U.S. stocks rebound from Wednesday's dip, close on strong gains
  The three major U.S. stock market indexes all closed...

  The three major U.S. stock market indexes all closed higher on Thursday.

  
  

  Stocks trended generally higher throughout the day. However, they pulled back slightly from session highs in the final minutes of trading.

  
  

  Investors reacted as corporate earnings continued to roll in, and as U.S. trade tensions seemed to ease. The White House revealed that President Donald Trump has a meeting with Chinese President Xi Jinping scheduled for next week.

  
  

  The indexes traded near record levels on Thursday but couldn't surpass the highs set earlier this month. The S&P 500 clocked in its third-highest close in history.

  
  

  The Dow Jones Industrial Average closed at 46,734.61, up around 0.3%.

  
  

  The S&P 500 closed at 6,738.44, about 0.6% higher.

  
  

  The Nasdaq Composite closed at 22,941.80, about 0.9% higher

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• Russian Drones Pound Ukraine as Trump Slaps Sanctions on Rosneft and Lukoil
  Russian drones attacked the Ukrainian capital for the second night in...
  Russian drones attacked the Ukrainian capital for the second night in a row on October 22, injuring four people, officials said within hours of an announcement from Washington imposing sanctions on Russia’s two largest oil companies. Tymur Tkachenko, head of Kyiv's military administration, said drones had damaged several dwellings and other buildings.
  
  Air assaults the night before struck throughout the country, killing at seven people and causing power outages. One of the attacks hit a kindergarten in Kharkiv and another hit an apartment building in Zaporizhzhya.
  
  The US Treasury Department announced the sanctions on Rosneft and Lukoil after the European Union unveiled a fresh wave of sanctions earlier on October 22. Both actions were aimed at pressuring Russia to end its full-scale invasion of its neighbor.
  
  “Today is a very big day in terms of what we’re doing. These are tremendous sanctions. These are very big -- against their two big oil companies. And we hope they won’t be on for long. We hope that the war will be settled,” US President Donald Trump said.
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