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• EIA: US oil, gas keep hitting records despite rig slide
  Weaker oil and natural gas prices and efficiency gains have pushed the...
  Weaker oil and natural gas prices and efficiency gains have pushed the Lower 48 rig count to 517 in October, down from 750 in December 2022, according to the Energy Information Administration. Even so, crude and gas production continue to break records as operators focus on top-tier acreage, drill longer laterals and deploy improved completion designs. The Permian Basin and Appalachia remain key growth drivers, with both regions recording production gains despite substantial rig declines, the EIA said.
  
  
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• TMX expansion injects new life into Canadian oil sands
  Crude oil production from Canada's oil sands is projected to increase...
  Crude oil production from Canada's oil sands is projected to increase by 300,000 to 400,000 barrels per day to 6 million bpd by 2030 after hitting a record in June, according to the Bank of Montreal, as the expanded Trans Mountain pipeline opens access to Asian markets and narrows Canadian heavy crude's discount to West Texas Intermediate. Major producers are outperforming global peers, and US institutional investors are redirecting capital north as shale growth slows.
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• DAILY OIL PRICE: November 19, 2025
  Crude Oil: 59.44   (-1.30)....
  
  
  • Crude Oil: 59.44   (-1.30).
  
  
  • Nymex MTD AVG: 60.0295.
  
  
  • Natural Gas: 4.550   (+0.179).
  
  
  • Gasoline: 1.9321   (-0.0672).
  
  
  • Spreads: December/January (+0.19)     January/February (+0.28).
  
  
  • Plains WTI Posting: 55.92   (-1.30).
  
  

  
  Source: Odessa American
  
  
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• Stock Market Closing Summary - Wednesday, November 19, 2025
  Market...

  Market Overview: The S&P 500 rose CNBC 0.38% to close at 6,642.16, while the Nasdaq Composite advanced 0.59% to settle at 22,564.23. The Dow Jones Industrial Average climbed 47 points, or 0.1%, to finish at 46,138.77. This marked a recovery from a four-day losing streak driven by concerns in the technology sector.

  
  

  Key Highlights:

  
  Tech Rebound: Alphabet rose about 3% and hit a new all-time high, rallying on optimism about its new generation of AI, Gemini 3, which it rolled out Tuesday. CNBC
  
  Nvidia Anticipation: Nvidia saw a roughly 3% boost ahead of its third-quarter results, scheduled for after the bell. CNBC The chipmaker is viewed as a critical barometer for AI sector performance.
  
  Crypto Decline: Bitcoin dropped below $90,000 and neared its lowest levels since April. Yahoo Finance
  
  Economic Data: Investors are awaiting the delayed September jobs report scheduled for Thursday, following disruptions caused by the government shutdown.
  
  
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• Saudi Arabia Directs H&P to Reactivate Seven Land Rigs
  Helmerich...

  Helmerich & Payne Inc. (H&P) will reactivate seven suspended land rigs in Saudi Arabia throughout the first half of 2026, the oilfield services company announced Nov. 17, citing improved market conditions in the Middle East.

  
  

  The rigs will be brought back online in stages, with each rig's contract extended by the length of its suspension period.

  
  

  The reactivations will boost H&P's Saudi Arabian fleet to 24 rigs by 2026, comprising eight of the company's FlexRigs and 16 rigs acquired through its purchase of KCA Deutag earlier this year.

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