Phillips 66 reports 98% refinery utilisation and higher quarterly earnings
Refining margins supported results while several other businesses recorded lower sequential earnings.
Phillips 66
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New Zealand CPI rises 3.7% annually as petrol and electricity lift household costs
Stats NZ says CPI increased 0.7% in the September quarter and 3.7% over the year, with annual electricity prices up 9.3% and quarterly petrol down 6.5%.
Stats NZ
U.S. refinery utilization averaged above 95% from May to September
EIA says the seasonal average was the highest since 1998, amid tight global distillate supplies. Utilization is a capacity ratio; total output reached its highest level since 2019.
U.S. Energy Information Administration
UK minister sets out heat-network targets and financing options
At a Sheffield conference, Martin McCluskey restated targets for heat networks to meet 7% of England’s heat demand within ten years and 20% by 2050. He cited more than £200m allocated to 20 projects and said a regulated asset base model remains under assessment.
Department for Energy Security and Net Zero
GCC industrial investment totals about US$426bn, says GCC-Stat
The regional centre cited nearly 22,000 factories and over 1.7 million industrial workers using data available through July 2026.
Emirates News Agency (WAM)
Egypt’s September CPI rises 1.5% month on month, LANA reports
LANA reported CAPMAS figures showing Egypt’s national consumer-price index at 294.2 in September, with annual inflation at 12.8%; housing and utilities rose 29.6% year on year.
Libyan News Agency (LANA), reporting CAPMAS statistics
Saras announces fuel-price support measure for Sardinia through 31 October
Saras said its measure covers fuel delivered to Sardinia from its Sarroch refinery for road transport, agriculture and fishing, with immediate effect through 31 October; it gave no discount amount.
Saras S.p.A., “Contributo per calmierare il prezzo dei carburanti in Sardegna” (press release)
Saudi Arabia awards Al-Kharj natural-gas network license
The Energy Ministry selected Natural Gas Distribution Company to build, own and operate a network at Al-Kharj Industrial City; no capacity or schedule was announced.
Saudi Press Agency, reporting Ministry of Energy announcement
Norway’s consumer price index rose 3.4% over the year to September
Statistics Norway reported a 0.5% monthly increase in the all-items index.
Statistics Norway (SSB)
Norway’s first-hand domestic sales index rose 8.2% over the year
The September index increased 1.8% month on month; food prices moved lower.
Statistics Norway (SSB)
IEA coal update makes delivered energy the relevant procurement comparison
September’s review describes gas-to-coal substitution and trade uncertainty; a tonne quotation alone does not establish useful-energy cost.
IEA — Coal Mid-Year Update 2026, overview
From fuel markets to freight invoices: an October cost-transmission analysis
Four August–October reports show why crude, diesel, LNG and transport efficiency need separate cost assumptions.
EIA — Short-Term Energy Outlook, October 2026
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