Upstream
![Upstream](/cache/11-20/price-848.0cd1e990.jpg)
2020, November, 11, 14:55:00
OIL PRICE: BELOW $45
Brent rose $1.17, or 2.7%, to $44.78 a barrel. WTI added $1.17 cents, or 2.8%, to $42.53 a barrel.
![Upstream](/cache/11-20/price-844.c77092b2.jpg)
2020, November, 11, 14:50:00
OIL PRICES 2020-21: $40 - $47
EIA forecasts Brent crude oil prices will average $47/b in 2021.
![Upstream](/cache/11-20/price-846.9db19e25.jpg)
2020, November, 11, 14:30:00
OPEC+ IRAQ, SAUDI ARABIA
Saudi Arabia, Iraq "stressed full commitment to all decisions that have been agreed upon, in a manner that guarantees reaching fair and appropriate oil prices for exporters and consumers in the global oil market," the statement said.
![Upstream](/cache/11-20/lukoil-57.657615b8.jpg)
2020, November, 11, 14:15:00
LUKOIL PRODUCTION 2.065 MBD
For the nine months of 2020 LUKOIL Group's average hydrocarbon production excluding the West Qurna-2 project was 2,065 kboe per day, which is 11.6% lower year-on-year.
![Upstream](/cache/11-20/price-843.488d4da2.jpg)
2020, November, 10, 11:35:00
OIL PRICE: BELOW $43
Brent rose 9 cents, or 0.2%, to $42.49 a barrel. WTI edged up 16 cents, or 0.4%, to $40.45 a barrel.
![Upstream](/cache/11-20/oil-56.9ccfa35e.jpg)
2020, November, 10, 11:30:00
RUSSIA IS RESPONSIBLE PLAYER
"In any case, Russia is a responsible player on the energy market and that's something which governs our decisions and our thinking," Sorokin said, during the ADIPEC virtual conference Nov. 9.
![Upstream](/cache/11-20/price-840.f3c77c53.jpg)
2020, November, 9, 13:30:00
OIL PRICE: BELOW $41
Brent climbed 94 cents, or 2.4%, to $40.39 a barrel. WTI was at $38.07, up 93 cents, or 2.5%.
![Upstream](/cache/11-20/libya-41.81c709fa.jpg)
2020, November, 9, 13:15:00
LIBYA OIL PRODUCTION 1 MBD
The extra Libyan supply means OPEC+ will have to make some difficult choices as it heads to its formal meeting on Nov 30 – Dec. 1.
![Upstream](/cache/11-20/rig-196.0dfd23e8.jpg)
2020, November, 9, 12:55:00
WORLDWIDE RIG COUNT DOWN 3 TO 1,016
The Worldwide Rig Count for October was 1,016, down 3 from the 1,019 counted in September 2020
![Upstream](/cache/11-20/rig-197.ac6c5e72.jpg)
2020, November, 9, 12:50:00
U.S. RIGS UP 4 TO 300
U.S. Rig Count is up 4 from last week to 300, Canada Rig Count is unchanged from last week at 86
![Upstream](/cache/11-20/price-838.0c9ca48b.jpg)
2020, November, 6, 12:50:00
OIL PRICE: ABOVE $40 AGAIN
Brent was 48 cent, or 1.2%, lower at $40.45. WTI were down 52 cents, or 1.3%, at $38.27 a barrel.
![Upstream](/cache/11-20/usa-325.edb98543.jpg)
2020, November, 6, 12:45:00
U.S. OIL INVENTORIES DOWN BY 8.0 MB TO 484.4 MB
U.S. commercial crude oil inventories decreased by 8.0 million barrels to 484.4 million barrels
![Upstream](/cache/11-20/iraq-89.751bc81a.jpg)
2020, November, 6, 12:40:00
IRAQ OIL PRODUCTION UP
Iraq pumped 3.842 million b/d in October, above September's 3.60 million b/d and its quota of 3.804 million b/d,
![Upstream](/cache/11-20/price-836.4f663f26.jpg)
2020, November, 5, 12:55:00
OIL PRICE: ABOVE $40 ANEW
Brent Brent crude futures fell 64 cents, or 1.55%, to $40.59 a barrel, WTI were down 60 cents, or 1.53%, to $38.55 a barrel .
![Upstream](/cache/11-20/price-829.c2df596a.jpg)
2020, November, 5, 12:50:00
RUSSIA - OPEC DIALOG
Both Parties emphasized the strategic importance of the relationship between OPEC and the Russian Federation, not only at the bilateral dialogue level, but also through the DoC and the Charter of Cooperation (CoC).