Iran sanctions relief under a change in US president represents the biggest supply and price impact for global oil markets

Opportunities include further development of hydrocarbons reserves in Russia's Arctic offshore zone, which contains over 85.1 trillion cubic meters of natural gas, and 17.3 billion mt of crude and condensate.

Brent was up 52 cents, or 1.3%, at $40.98 a barrel, WTI gained 38 cents, or 1%, to $38.94.

Crude oil is considered a key product to complete China's annual energy purchase commitments due to the commodity's typically higher value and volume compared with other energy products.

Your Excellency, Prime Minister Modi, OPEC is a reliable partner of India and the great strategy you set out for your esteemed country. Long may this relationship continue to blossom.

Libya's crude and condensate output has more than quintupled over the past month, averaging just close to 600,000 b/d on Oct. 26 as more oil fields in the southwest and southeast have restarted operations, sources added.

Foreign direct investment (FDI), a bellwether of globalisation and economic confidence, fell by 49 per cent to $399 billion in the first half of 2020,

National Oilwell Varco, Inc. (NYSE: NOV) today reported third quarter 2020 revenues of $1.38 billion, a decrease of seven percent compared to the second quarter of 2020 and a decrease of 35 percent compared to the third quarter of 2019.

Brent was down $1.08, or 2.6%, at $40.69 a barrel, WTI dropped $1.05, or 2.6%, to $38.80.

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.

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.

Добыча нефти в этом году, как ожидается, снизится примерно на 10%, до уровня 507 млн тонн при плане 558-560 млн тонн изначально.

По итогам 2019 года Россия произвела более 40 млрд куб. м газа в виде СПГ, увеличив выпуск на 49% к 2018 году. Наш потенциал его производства колоссален – уже к 2025 году общая мощность отечественных проектов составит более 68 млн т в год, в перспективе доля России на мировом рынке СПГ имеет возможность достигнуть четверти от общемировой.