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.

Farzad-B gas field was discovered by a consortium of three Indian companies ONGC, Oil India Limited and Indian Oil Corporation in 2008 in the Farsi offshore block of the Persian Gulf. Tehran and New Delhi have since negotiated the terms of the field’s development for years.

US shale producer Pioneer Natural Resources has entered into a definitive agreement to acquire its peer Parsley Energy

Third quarter production of 25.1 mmboe was a record for Santos and 22% higher than the prior quarter

Brent were at $42.44 a barrel, WTI slipped 73 cents, or 1.75%, to $40.97.

Baker Hughes Company (NYSE: BKR) ("Baker Hughes" or the "Company") announced results today for the third quarter of 2020.

Brent were trading flat at $42.62 a barrel, WTI rose 5 cents, or 0.1%, to $40.88.

The Committee reviewed the crude oil production data for the month of September 2020 and welcomed the positive performance in the overall conformity level for participating OPEC and non-OPEC Countries, at 102 per cent,

OPEC and 10 partners are set to ease their 7.7 million b/d collective production cuts by about a quarter to 5.8 million b/d at the start of 2021,

Real GDP for oil exporters including Saudi Arabia and Iran will shrink 6.6% this year,

Brent was down 30 cents, or 0.7%, to $42.63 a barrel, WTI was down 28 cents, or 0.7%, at $40.60.

"We see oil demand peaking in around 2040 as a result of a slowing economy, together with less fuel demand for cars, aircraft and ships."

Средняя цена на нефть Urals за период мониторинга с 15 сентября по 14 октября 2020 года составила $40,57909 за баррель, или $296,2 за тонну.

US oil production is unlikely to return to a pre-pandemic peak of more than 13 million b/d,