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• Chevron to adjust operations after El Segundo fire
  Chevron said it is planning operational adjustments at its El Segundo...
  Chevron said it is planning operational adjustments at its El Segundo refinery to meet Southern California's fuel demand following a significant fire that broke out Thursday night. The refinery, which supplies 20% of the region's motor vehicle fuel and 40% of its jet fuel, experienced an unplanned flare event after the fire was extinguished, with potential for intermittent flaring during the adjustment period.
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• Talks toward ending Gaza war began in Egypt
  Yesterday, on the eve of the two-year anniversary of the Oct. 7, 2023,...
  Yesterday, on the eve of the two-year anniversary of the Oct. 7, 2023, attack that prompted the war in Gaza, Israel and Hamas started indirect talks in a Red Sea resort town to discuss President Trump’s 20-point peace plan. Both sides are under pressure to agree to a ceasefire, but they are also believed to be far apart on key issues—including whether Hamas will disarm and the withdrawal of Israeli troops. Going into the discussions, Hamas said it would agree to release its remaining hostages in exchange for a release of Palestinian prisoners held by Israel, but those details are still being hashed out as well. The White House is pushing for the talks to move quickly, and the initial phase is likely to take several days.
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• ☕️What Else is Brewing Tuesday Morning
  Fifth Third to buy Comerica as regional lenders consolidate. In...
  Fifth Third to buy Comerica as regional lenders consolidate. In what Bloomberg calls the biggest US bank deal this year, Fifth Third said it would acquire Comerica for $10.9 billion in stock. The acquisition, expected to close in the first quarter next year, would create the ninth-largest bank in the country with $288 billion in assets. The announcement sent Wall Street tongues wagging about whether a wave of consolidation could be coming to regional banking, as smaller banks look to compete with giants like JPMorgan and may want to take advantage of the Trump administration’s more open stance toward big mergers.
  
  President Trump suggested that he’s open to negotiations over healthcare subsidies with Democrats—but only after the government reopens.
  
  It’s official: Bari Weiss became the editor-in-chief of CBS News yesterday after Paramount bought her company, The Free Press, for $150 million.
  
  The Supreme Court refused to hear longtime Jeffrey Epstein associate Ghislaine Maxwell’s appeal of her sex trafficking conviction.
  
  The Nobel Prize in medicine was awarded to three scientists who study the human immune system.
  
  SCOTUS will hear arguments today over whether states can ban conversion therapy for LGBT minors. At least 20 states prohibit the practice, which major medical groups say can be harmful, but the court will consider a Christian Colorado therapist’s free speech challenge.
  
  Tesla is announcing…something today, but it’s been cryptic about what.
  
  Shein is opening physical stores, but so far, only in France, so the flight costs would probably outweigh your savings on clothes.
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• Court: Biden overreached on offshore drilling ban
  A federal judge in Louisiana ruled that President Biden's withdrawal...
  A federal judge in Louisiana ruled that President Biden's withdrawal of large coastal areas from offshore drilling was illegal, stating that such a permanent ban exceeded executive authority under the Outer Continental Shelf Lands Act and broke with longstanding executive practice.
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• DAILY OIL PRICE: October 6, 2025
  Oil climbed thanks to a decision by OPEC+ to ...
  Oil climbed thanks to a decision by OPEC+ to boost crude production at a more modest rate than experts expected. Gold continued its record run, rising above $3,900 for the first time ever, while bitcoin hovered just below a new all-time high.
  

  
  
  • Crude Oil: 61.69   (+0.81).
  
  
  • Nymex MTD AVG: 61.0983.
  
  
  • Natural Gas: 3.357   (+0.033).
  
  
  • Gasoline: 1.9016   (+0.0411).
  
  
  • Spreads: November/December (+0.35)     December/January (+0.21).
  
  
  • Plains WTI Posting: 58.17   (+0.81).
  
  

  
  Source: Odessa American
  
  
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