Deutsche Bank adds that it by the end of 2020 will review all its existing business activities in the oil and gas sector.

Brent were unchanged at $43.41 a barrel , WTI fell 14 cents, or 0.3%, to $41.46 a barrel.

Main supplier Saudi Arabia delivered 2.17 million b/d of crude to China in June

Reliance, which is controlled by Asia’s richest man and manages the world’s biggest oil refinery complex, rose 4.3% in Mumbai on Friday

National Oilwell Varco, Inc. (NYSE: NOV) reported second quarter 2020 revenues of $1.50 billion,

Brent rose 32 cents, or 0.7%, to $43.66 a barrel , WTI was up to $41.62 a barrel or 33 cents.

Total sanctioning value will end up at around $47 billion, an amount that would be even lower if not for recent developments in Norway and Russia.

Gazprom Neft has been long collaborating with Shell.

Norway's preliminary production figures for June 2020 show an average daily production of 1 857 000 barrels of oil, NGL and condensate.

Quarterly sales revenue of US$785 million was 11% lower than the prior quarter primarily due to lower liquids prices partially offset by higher domestic gas and LNG sales revenues

Chevron Corporation (NYSE: CVX) announced today that it has entered into a definitive agreement with Noble Energy, Inc. (NASDAQ: NBL) to acquire all of the outstanding shares of Noble Energy in an all-stock transaction valued at $5 billion, or $10.38 per share.

Schlumberger Limited (NYSE: SLB) reported results for the second quarter of 2020.

Baker Hughes Company Announces Second Quarter 2020 Results

U.S. Rig Count is down 2 rigs from last week to 251, Canada Rig Count is up 10 rigs from last week to 42

U.S. Rig Count is down 5 rigs from last week to 253, Canada Rig Count is up 6 rigs from last week to 32