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Presidio, SPAC, Merger, Panhandle

Presidio, SPAC, Merger, Panhandle

Presidio Targets Public Debut in $660M SPAC Deal

Chevron, Exxon, Europe, Oil, Production

Chevron, Exxon, Europe, Oil, Production

Exxon, Chevron Raise Production as Europe Falls Behind

At least four tankers discharged millions of barrels of Russian crude at Indian refineries over the weekend, even as pressure ramps up by USA

At least four tankers discharged millions of barrels of Russian crude at Indian refineries over the weekend, even as pressure ramps up by USA

Tankers Deliver Russian Crude to India Despite USA and EU Pressure

Armstrong, Alaska, Oil, Energy, Conventional

Armstrong, Alaska, Oil, Energy, Conventional

Bill Armstrong Proves Alaska Oil Finds Aren’t Over

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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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☕️What Else is Brewing Wednesday Morning
Historybook: "Moby-Dick" is first published (1851); The US purchases Alaska from...
Historybook: "Moby-Dick" is first published (1851); The US purchases Alaska from Russia (1867); Thomas Edison dies (1931); Astronauts Jessica Meir and Christina Koch conduct first all-female spacewalk (2019); Former Secretary of State Colin Powell dies (2021).

X will start charging $1 a year to new users in New Zealand and the Philippines as part of its “Not A Bot” program intended to reduce spam and bot activity.

The IRS announced it’ll launch a free tax filing service in 13 states next year, so your TurboTax days could soon be over.

StubHub said ticket sales for the upcoming NBA season are up 60% from last year, thanks to increased interest from fans outside the US.

Poland’s right-wing governing party looks likely to be ousted following the country’s general election, which is being described as a victory for liberal values.

Goldman Sachs CEO David Solomon has reportedly decided to stop DJing because it was creating a distraction for the Wall Street firm. “This is not news,” a Goldman spokesman told FT.
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Israel and Palestinians Blame Each Other for Blast at Gaza Hospital That Killed Hundreds
Hundreds of people were killed by a strike at a hospital in Gaza City on Tuesday night...
Hundreds of people were killed by a strike at a hospital in Gaza City on Tuesday night where thousands of civilians had been sheltering.

The Gazan health authorities said the blast had been caused by an Israeli airstrike; the Israel Defense Forces said it was caused by a rocket fired by a Palestinian armed group that malfunctioned after launching. Neither assertion could be immediately verified.
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