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- U.S. Oil Drillers Back Off Even As Prices Soar
Baker Hughes data showed the total U.S. oil and gas rig count unchanged at 603 this week, up 55 from a year earlier, with oil rigs down 3 to 459 and gas rigs up 1 to 133. EIA data showed weekly U.S. crude output fell to 13.679 million barrels per day in the week ending October 9, from 13.979 million the prior week, though it was only 43,000 barrels per day above a year earlier. Primary Vision's frac spread count rose to 203 crews, its fifth straight weekly gain, while Permian rigs fell by 2 to 272. On Friday, Brent traded at $105.60 and WTI at $97.56 per barrel, both higher than a week earlier.
- Bo French, Jon Rosenthal battle over culture, job duties in bid to regulate the oil and gas industry
Democrat Jon Rosenthal, a four-term state representative and oil field engineer, is running against Bo French, a conservative whose racially charged remarks have drawn national attention, for a seat on the Texas Railroad Commission, which regulates the state's oil and gas industry. If Rosenthal wins on Nov. 3, he would be the first Democrat elected to the commission since the 1990s, and he has pledged to pursue chronic polluters and expand oversight of natural gas facilities. French, who wants to deregulate the industry and let it produce more oil, has also pledged to cut regulations and DEI programs, though some experts warn that flooding the market could tank oil prices. Rosenthal's campaign has reportedly struggled to raise money compared with previous Democratic candidates, while French has not backed down despite criticism from his own party and the industry.
- Bo French, Jon Rosenthal battle over culture, job duties in bid to regulate the oil and gas industry
Democrat Jon Rosenthal, a Houston state representative and oil field engineer, is challenging Republican Bo French for a seat on the Texas Railroad Commission, which regulates the state's oil and gas industry. French, a conservative firebrand whose racially charged remarks about South Asian students drew national attention, has focused the race on Chinese-owned land, DEI, immigration and LGBTQ+ issues that the commission has little power over. Rosenthal has pledged to pursue chronic polluters, strengthen oversight of natural gas facilities, and create a wastewater fee to fund abandoned well cleanup, and would be the first Democrat elected to the commission since the 1990s. However, his fundraising has trailed previous Democratic candidates, and French has not backed down despite criticism from his own party. The winner of the Nov. 3 election will oversee a state agency with a half-billion budget.
- Bo French , Jon Rosenthal battle over culture , job duties in bid to regulate the oil and gas industry
Republican Bo French (56) and Democrat Jon Rosenthal, a four-term state representative from Houston, are competing for a seat on the Texas Railroad Commission, the state's oil and gas regulator, in the Nov. 3 election. French's remarks about South Asian students at the University of Texas at Austin pushed the race into the national spotlight, and if Rosenthal wins he would be the first Democrat elected to the commission since the 1990s. Rosenthal pledges to pursue chronic polluters and create a fee on underground storage of oil and gas wastewater, though his fundraising has lagged behind previous Democratic candidates. French vows to lower electricity and gas prices, cut regulations and DEI programs, and let industry produce more oil, and he has not backed down despite criticism from his own party and the industry. The commission oversees a budget of about half a billion dollars.
- Bo French, Jon Rosenthal clash over Railroad Commission
Jon Rosenthal, a Democrat and former state lawmaker, is running for the Texas Railroad Commission, the three-member body that regulates the state's oil and gas industry, against Republican Bo French. The race drew national attention after French faced criticism for suggesting, without evidence, that South Asian students at the University of Texas-Austin had taken places from white students, along with other inflammatory remarks on immigration, LGBTQ+ issues and diversity. If Rosenthal wins the Nov. 3 election, he would be the first Democrat elected to the commission since the 1990s, but his campaign has struggled to raise money compared with previous Democratic candidates. French, who once led the Republican Party in Tarrant County, has continued to push for more oil production and deregulation despite criticism from party leaders, while Rosenthal has pledged to target chronic polluters.
- Sector Update: Energy Stocks Gain Late Afternoon
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Toto Finance is asking Cardano's treasury for 22 million ADA, about $5 million, to buy and tokenize copper, with voting closing Nov. 15. About two-thirds of the budget would buy copper stored in a COMEX-approved warehouse for 18 to 24 months before sale, while the rest covers storage, insurance, audits and Toto's work. If the full budget is spent and ADA's dollar price stays unchanged, copper would need to rise about 49.4% for the treasury to recover its investment, and there is no guarantee the treasury gets its original ADA back. Toto could receive up to 3.36 million ADA, roughly 15% of the request, and would keep its commercial rights to its tokenized-copper business. The proposal would use just over half of Cardano's remaining withdrawal allowance, which would not be replenished under existing rules.
- Bitcoin Core changes security policy as AI makes bugs easier to find
Bitcoin Core is changing its security disclosure policy because large language models have made some flaws easy to rediscover, so long embargoes offer little protection. Under the new policy, vulnerabilities deemed easily discoverable will be fixed as soon as possible across all maintained major versions, with security advisories published alongside the updates. Other flaws will follow severity-based schedules: low-severity bugs will be disclosed two weeks after the fix is released, while medium and high-severity bugs will be disclosed two weeks after the last affected release reaches End of Life, typically a year after the fix. The change follows a volunteer Bitcoin Red Team report of nearly 5,000 potential issues across 390 projects in August, though only about a fifth had been reproduced at that point.
- Asia FX steadies as oil surge weighs on risk appetite, yen holds gains
Asian currencies and the U.S. dollar were largely subdued on Friday as investors weighed rising energy costs and geopolitical tensions, while the yen held its gains after a safe-haven rally tied to concerns over global growth and tech valuations. The U.S. Dollar Index was flat at 101.60 by 03:33 GMT, near a three-week low and on track for a second straight weekly loss. USD/JPY edged up 0.1% to 156.90 after a nearly 1% drop in the previous session, as the yen reached its highest level in more than a month. Brent crude near $114 a barrel, after a 4% jump on Thursday following attacks in Saudi Arabia, raises inflation risks for energy importers such as Japan, India and South Korea. The Indian rupee extended its losses, with USD/INR up 0.3% to 95.109, while the yuan hovered near four-year lows; the Fed is expected to hold rates at 3.75%-4.00% on October 28, with ECB and BoJ decisions due on October 29 and 30.
- Securities firm with the heaviest loss in the sector in Q3 2026 revealed
APG Securities (APG) posted a pre-tax loss of nearly 108 billion VND in Q3 2026, compared with a profit of nearly 20 billion VND a year earlier, the largest loss among securities firms that have reported Q3 results. Revenue fell 21% to nearly 69 billion VND and gains from FVTPL financial assets dropped 93%, while operating expenses rose to nearly 124 billion VND, mainly due to a 119 billion VND loss on FVTPL assets. Financial expenses rose nearly 33% to 43.5 billion VND, mostly interest costs. For the first nine months, APG recorded a pre-tax loss of nearly 105 billion VND, against a profit of over 28 billion VND a year earlier, putting its 2026 pre-tax profit target of 20 billion VND under pressure.
- IonQ vs. Rigetti Computing: Which Quantum Computing Stock Is the Better Buy?
The article compares quantum computing companies IonQ (ion-based) and Rigetti Computing (superconducting). Rigetti reported Q2 revenue of $5.1 million, up from $1.8 million in 2025, but an operating loss of $28.1 million, and held $541.3 million in cash and investments; it also received a $100 million award from the U.S. Department of Commerce. IonQ posted Q2 revenue of $80.1 million and forecasts 2026 sales of $280–290 million versus $130 million in 2025, though its Q2 operating loss widened to $337.2 million from $160.6 million, and the Elisity deal involves stock valued at up to $1.3 billion. The author judges IonQ the better investment given its consistent revenue growth, says they bought IonQ shares, and notes Rigetti's price-to-sales ratio is more than six times IonQ's.
- Hoa Binh Construction dismisses a Deputy General Director
Hoa Binh Construction (HBC) dismissed Nguyen Kinh Luan from his position as Deputy General Director effective 1 November 2026, for personal reasons, and he will remain a Board member. Earlier, on 15 September 2026, Mr. Luan resigned from all his positions at the company and related entities. Separately, on 18 September 2026, the company distributed more than 51.4 million shares to 99 creditors to swap debt of nearly VND 514.2 billion, equal to 100% of the shares issued. The swapped shares are restricted from transfer for one year and are expected to be delivered within 30 days after the issuance closes.
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