Headlines of other stories

** U.S. federal regulators have told Freeport LNG to provide information needed for the planned restart of its liquefied natural gas (LNG) export plant in Texas, the second-largest U.S. LNG export plant, as soon as possible to allow sufficient time for review.

** A seriously low U.S. and global diesel supply is likely to drive up fuel costs and worsen inflation, raising concerns as the cold weather months approach. “The national numbers for distillates are pretty tight,” said Patrick De Haan, head of petroleum analysis at GasBuddy.

** A fragile supply chain marred by geopolitical tensions could hit the planned expansion of electric vehicle (EV) battery production, slowing EV adoption, S&P Global Mobility warned in a report on Monday.

** Republicans are preparing to advance an ambitious energy agenda if they win control of the House in next week’s elections — including faster approvals of fossil fuel projects and probes of how the Biden administration is spending its hundreds of billions in climate dollars.

** Toyota’s profits have taken a tumble. The automaker posted a worse-than-expected 25% drop in quarterly profit on Tuesday (November 1). And cut its annual output target.

** The US plan to cap the price of Russian oil sales, part of the broader international response to the invasion of Ukraine, will temporarily exempt shipments loaded before the Dec. 5 implementation date, offering some clarity to oil shippers, traders and investors.



** Oil giant Saudi Aramco on Tuesday reported a $42.4 billion profit in the third quarter of this year, a 39% bump buoyed by the higher global energy prices that have filled the kingdom’s coffers but helped fuel inflation worldwide.

** Russian President Vladimir Putin on Monday said a natural gas hub could be set up in Turkey fairly quickly and predicted many customers in Europe would want to sign contracts. Putin proposed Turkey as a base for gas supplies earlier this month after the Nord Stream pipelines under the Baltic Sea were damaged in September by blasts. Turkish President Tayyip Erdogan says he agrees with the idea.

** Russia’s defense ministry said on Saturday that British navy personnel blew up the Nord Stream gas pipelines last month. A claim that London said was false, and designed to distract from Russian military failures in Ukraine. Russia did not give evidence for its remarks.

** Best known as an oil and gas hub, western Kazakhstan hopes to become a leading global exporter of clean energy. The government has signed a $50 billion deal with European renewables group Svevind to build one of the world’s five largest green hydrogen production facilities in Mangystau Region, President Kassym-Jomart Tokayev’s office announced on October 27.

** Mexico’s oil regulator approved on Monday a revamped plan for developing the once-abandoned Lakach deepwater natural gas project, presented by state oil company Pemex, in the first public session chaired by its newly appointed head.