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US heating oil futures rose to around $5 per gallon, moving closer to the record high touched in mid-September, after industry data showed the inventory draw. API data showed that US distillate stocks fell by 2.6 million barrels in the week ending October 16, underscoring tight supplies. This compounded Middle East sup
EOG Resources reported record second-quarter 2026 financial performance, including adjusted EPS of $5.07 and free cash flow of $2.8 billion. The company returned $1.8 billion to shareholders and reported oil production growth of 5% and total production growth of 14%.
Perma-Pipe International reported second-quarter net sales of $59.6 million, up 24% year over year, and net income of $2.5 million versus $0.9 million a year earlier.