Oil prices climbed in early Asian trade on Monday after OPEC+ decided to hold off production hikes in the first quarter of next year, easing rising fears of a supply glut.
Brent crude futures rose 47 cents, or 0.73 per cent, to $65.24 a barrel. West Texas Intermediate crude was at $61.43 a barrel, up 45 cents.
ExxonMobil reported earnings of $7.5 billion in the third quarter (Q3) of 2025 compared to $7.08 billion recorded in the second quarter (Q2) of 2025. The company stated that the improved earnings were driven by advantaged volumes, record production in Guyana and the Permian basin, structural cost savings, and stronger crude realizations.
Curious Minds Corner
What unofficial title is given to a company’s representative at a drilling site?
The “Company Man” (not always a man; often a contractor)