XLE & Oil

360 Energy Pulse: What mattered this week in energy

Oil & Gas 360·Oct 23, 2026 · 4:30 PM CT
Read the original at Oil & Gas 360
Readthrough summary

Oil & Gas 360's weekly wrap says oil touched $115 a barrel in the week ending Oct. 23 on renewed Middle East supply fears, including attacks on shipping and uncertainty over Saudi infrastructure, even as Washington eased some Russia-related sanctions. It also notes Eni's sharply higher profits on refining margins and SLB beating quarterly estimates.

Summary written by Readthrough from the original article. The full story, with photos and any updates, is at Oil & Gas 360.

Read the original at Oil & Gas 360

More XLE & Oil

Rigzone·

Brent Tops $116 as Middle East Risks Grow

Brent crude ended the week at its highest since April, settling just below $117 after a weekly gain of more than 6%, as Houthi attacks on Saudi Arabia added to supply fears from the US-Iran war. WTI closed above $103.

DOE News·

Energy Department Authorizes Strategic Petroleum Reserve Exchange to Support Fuel Supply Stability

The Energy Department authorized an emergency exchange of up to 400,000 barrels of crude from the Strategic Petroleum Reserve to ease fuel supply problems in Louisiana and the surrounding region.

Rigzone·

Physical Oil Prices Drop in Mideast

Physical prices for some Middle East crudes sold outside the Persian Gulf have dropped as producers and traders get better at moving cargoes through the Strait of Hormuz despite attacks, according to Asian refiners.

DOE News·

Energy Department Designates Helium as Critical Material to Strengthen American Manufacturing and Supply Chain Security

Energy Secretary Chris Wright designated helium as a critical material under the Energy Act of 2020, citing its role in semiconductor manufacturing and advanced energy technologies.