Oil Holds Near Two-Month High On OPEC+ Extension Expectations
Oil prices held near two-month highs on Nov. 22 and were set for a third consecutive week of gains, boosted by expectations of an extension to OPEC+ production cuts although doubts over U.S. and China trade talks capped gains.
OPEC+ Likely To Extend Oil Supply Cuts Until June
Meeting on Dec. 5 coincides with the pricing of Aramco’s IPO.
Nord Stream 2 Clears Major Hurdle As Denmark OKs Gas Pipeline
US, others, concerned that the pipe will increase Europe’s reliance on Russian natural gas.
Russia Says It Missed Oil-Deal Target Due To Rise In Gas Condensate Output
Russia produced more oil in September than envisaged by a global deal due to an increase in gas condensate output as the country prepared for winter, local news agencies reported on Oct. 20.
‘Business As Usual’ After Saudi Attacks, IEA Says
Saudi Arabia took just 11 days to restore lost output, though average supply there tanked by 770,000 bbl/d to just over 9 million bbl/d in September—the lowest level since 2011.
Exxon Mobil, BP Bosses Set For Rare Russia Showing With Putin
Exxon Mobil CEO Darren Woods and BP boss Robert Dudley are listed among the panelists of this week’s conference, which is also expected to be attended by officials from Iran, Saudi Arabia and Venezuela.
India Looking To Raise Oil Imports From Russia After Saudi Attacks
India is looking at raising oil imports from Russia, its oil minister said on Sept. 17, at a time of surging oil prices after an attack on Saudi Arabian facilities halved the kingdom's production.
Exploring Riches Under The Arctic
While few parts of the Arctic are seeing an uptick in exploration activity, most countries are making slow progress.
Weakened Saudi Energy Minister Must Answer To Audience Of One
Saudi Energy Minister Khalid al-Falih’s loss of status puts him under new pressure to meet crown prince’s goals.
Lukoil's Hydrocarbon Output Rises 2.8%
Oil production, excluding the project, totaled 42.6 million tonnes for the half year, up 1.3% year-on-year.