Nigeria's allocation was increased to 1.774 million barrels per day (bpd) from 1.685 million bpd at the last OPEC meeting in July,

Nigeria is seeking to recover as much as $62 billion from international oil companies, using a 2018 Supreme Court ruling the state says enables it to increase its share of income from production-sharing contracts.

U.S. oilfield services firm Halliburton on Wednesday said it was cutting 650 jobs across Colorado, Wyoming, New Mexico and North Dakota amid slowing oil and gas activity.

EIA forecasts Brent spot prices will average $59/b in the fourth quarter of 2019 and then fall to $57/b by the second quarter of 2020,

The Russian Energy Minister noted that 2018 was an exceptional year for growth for the natural gas industry with consumption recording a 5% growth, the fastest growth since 2010, to average 3.95 Tcm. The trade in 2018 was also characterized by a significant growth where global pipeline gas trade increased by almost 8%, including re-export operations in Europe. LNG trade growth continued exponentially with 10% for the second consecutive year, averaging a level of around 320 Mt.

Nine years after the field was proven, production commenced on Saturday from the North Sea giant, Johan Sverdrup. 24/7, for the next 40 years, oil from this field will secure substantial revenues for Norway.

Exxon’s LNG project in the northern Cabo Delgado province will cost between $27 billion and $33 billion, according to a report that Johannesburg-based Standard Bank Group Ltd. published in March.

Iran's Petropars will now develop the Phase 11 of the gas project, which was signed in 2017. CNPC was supposed to take Total's 50.1% stake in the project on top of its initial 30% share.

The worldwide rig count for September 2019 was 2,141, down 65 from the 2,206 counted in August 2019, and down 117 from the 2,258 counted in September 2018.

U.S. Rig Count is down 5 rigs from last week to 855, Canada Rig Count is up 17 rigs from last week to 144

“What matters is supply predictability and reliability. We have a business-like approach with our energy partners in Europe and the rest of the world, of a commercial nature with no political reasoning,” Putin added.

"Our system was able to grow and become healthier as we moved along and by September 25, we were able to restore all the capacity we had before the attack," the president and CEO of Aramco Trading Co., Ibrahim al-Buainain, told an industry banquet in Fujairah.

“If the world does not take a strong and firm action to deter Iran, we will see further escalations that will threaten world interests,” Prince Mohammed, known as MbS, said through a translator. “Oil supplies will be disrupted and oil prices will jump to unimaginably high numbers that we haven’t seen in our lifetimes.”

Germany and the UAE see that there is a great value in close consultations on foreign and security policy, Annen said. "We also want to deepen our cooperation on trade and investment, in particular on exchanging state-of the-art technologies and enabling small and medium-sized companies to succeed in our respective markets," the minister explained.

U.S. Rig Count is down 8 rigs from last week to 860, with oil rigs down 6 to 713, gas rigs down 2 to 146, and miscellaneous rigs unchanged at 1. Canada Rig Count is up 8 rigs from last week to 127, with oil rigs up 6 to 88 and gas rigs up 2 to 39.