The sector is in full-on merger mode in response to oil prices that have been stuck at around $40 a barrel in recent months after the Covid-19 pandemic hit global demand.

Saudi Energy Minister Prince Abdulaziz bin Salman, who has warned his counterparts of the market's shaky footing and the need to be proactive on production policy, could very well welcome any lobbying by the Trump administration, if global oil demand prospects do not improve.

CNOOC’s hydrocarbon output increased from 475 mboe in 2018 to 506.5 mboe in 2019 (+6.6%).

Global growth is projected at minus 4.4 percent in 2020 and plus 5.2 percent in 2021.

U.S. Rig Count is up 5 from last week to 287, Canada Rig Count is up 3 from last week to 83,

Brent rose 20 cents, or 0.5%, to $42.66 a barrel, WTI added 15 cents, or 0.4%, to $40.79.

New nuclear build is the most efficient way to achieve decarbonisation of the electricity grid,

The average LNG price for December delivery into northeast Asia LNG-AS was estimated at about $6.90 per million British thermal units (mmBtu), jumping $1.10 from the previous week.

The pan-European STOXX 600 index .STOXX advanced 0.9%,

Совет директоров Банка России 23 октября 2020 года принял решение сохранить ключевую ставку на уровне 4,25% годовых.

112,748 GWh - total electricity generation by RusHydro Group including Boguchanskaya hydropower plant (+13.7%)

Brent were up 43 cents at $42.16 a barrel, WTI ticked up 44 cents to $40.47 a barrel.

U.S. commercial crude oil inventoriesdecreased by 1.0 million barrels to 488.1 million barrels.

The Asia and Pacific region is also starting to recover tentatively, but at multiple speeds. Economic activity is expected to contract by −2.2 percent in 2020, due to a sharper-than-expected downturn in key emerging markets, and to grow by 6.9 percent in 2021—0.6 percentage point lower and 0.3 percentage point higher, respectively,

The blue-chip CSI300 index ended 0.3% lower at 4,777.98, while the Shanghai Composite Index shed 0.4% to 3,312.50.