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• Sources: Chesapeake, Southwestern in acquisition talks
  Chesapeake Energy has reportedly held intermittent discussions with peer Southwestern Energy about a...
  Chesapeake Energy has reportedly held intermittent discussions with peer Southwestern Energy about a potential acquisition. The prospective merger, which would unite two of Appalachia's largest natural gas operators, reflects a broader trend of consolidation in the US shale industry.
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• Biden arrives in Israel
  President Biden landed in Israel as the world waited for evidence of whether a Hamas-linked...

  President Biden landed in Israel as the world waited for evidence of whether a Hamas-linked group or Israel caused a devastating explosion yesterday at a hospital in Gaza City.

  
  

  The explosion, evidently from a missile, killed hundreds of people and injured hundreds more. (This video, verified by Times journalists, shows the moment the blast destroyed the hospital.)

  
  

  After Biden landed, he seemed to endorse Israel’s denial of responsibility. “Based on what I’ve seen, it appears as though it was done by the other team, not you,” he said. “But there’s a lot of people out there not sure.”

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• North Sea decline leaves Britain ‘subservient to foreign regimes’, says Energy Secretary
  Britain will become “subservient to foreign regimes” if it allows the North Sea to decline further,...
  Britain will become “subservient to foreign regimes” if it allows the North Sea to decline further, the Energy Secretary will warn on Wednesday.
  
  Claire Coutinho is to raise concerns that the UK’s oil and gas output will halve by 2030, leaving it increasingly dependent on imports.
  
  Speaking at the annual conference of Energy UK, a leading industry trade body, Ms Coutinho will say: “New data from the North Sea Transition Authority (NSTA) in its Wells Report, warns that – without new oil and gas wells in the North Sea – output will halve by 2030.
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• An Oklahoma Based Movie, "Killers of the Flower Moon" Set for Release
  This year’s must-see blockbuster is bigger than just a film—it’s a reclaiming of history. From...
  This year’s must-see blockbuster is bigger than just a film—it’s a reclaiming of history. From Martin Scorsese (yep, Marty’s back), it’s Killers of the Flower Moon, an epic Western crime saga that’s already earning Oscar buzz.
  
  Featuring an all-star cast that includes Leonardo DiCaprio, Lily Gladstone, and Robert De Niro, the film tells a harrowing true story of greed, betrayal, racial injustice, and murder within the Osage Nation of Oklahoma during the 1920s oil boom.
  
  A haunting journey into the heart of one of America’s darkest chapters, Killers of the Flower Moon centers on the courage, strength, and resilience of the Osage people to ensure their story is never forgotten.
  
  Go see the movie of the year.
  
  
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• API Reports Drop in Crude Oil Inventories
  The U.S. crude inventory balance fell by 4.383M barrels during the week ended...

  The U.S. crude inventory balance fell by 4.383M barrels during the week ended Oct. 13, according to the API. That contrasted with a 12.94M jump in the prior week to Oct. 6 led largely by a sharp decline in exports.

  
  

  Aside from that balance, the API also noted a 1.005M barrel decline at the Cushing, Oklahoma delivery point for U.S. crude, versus the previous week’s draw of 0.547M. Cushing storage levels have dropped drastically this year, prompting concerns they might reach such critical lows to complicate operations at the storage hub.

  
  

  On the fuel side, the petroleum trade group reported a gasoline inventory slide of 1.578M barrels and distillate stock drop of 0.612M barrels. In the prior week, gasoline saw a 3.645-M barrel build while distillates experienced a 3.535M drop.

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