Domestic Oil and Gas News: Week of December 1st, 2025

Markets

• Pump prices: AAA’s national average sits near $3.00/gal (as of Nov 30). AAA Fuel Prices

• Futures tone: NYMEX light sweet crude opened the week with lighter volume and lower open interest versus Friday’s session. AP News

Activity

• Rigs: Baker Hughes shows 544 total rigs for Nov 26 (w/w −10): oil 407 (−12), gas 130 (+3), misc 7 (−1)—the latest print heading into this week. American Oil & Gas Reporter

Supply, stocks & flows

• EIA Weekly Petroleum: Last report (week ending Nov 21) had refinery runs 16.4 mb/d at 92.3% utilization; next WPSR due Dec 3 (for week ending Nov 28). EIA Information Releases+1

Policy & regulation

• SPR refill: DOE-awarded contracts begin deliveries to Bryan Mound Dec–Jan (≈1.0 million bbl total). The Department of Energy's Energy.gov+1

• EPA methane & CCS backdrop: EPA has extended certain methane-rule compliance timelines; separately, Texas gains Class VI primacy for CO₂ sequestration wells effective mid-Dec—key for CCS-linked O&G projects. US EPA+2Bloomberg+2

LNG & infrastructure

• Project tracker: FERC’s U.S. LNG terminals status page was last updated Nov 13, useful for checking what’s operating, under construction, or proposed as we enter December. Federal Energy Regulatory Commission

Corporate & deals

• Trading houses eye U.S. upstream: Gunvor is exploring deeper U.S. oil & gas investments (especially gas), including possible partnerships with private operators. reuters.com