Oil and gas investments in Norway are expected to rise by 3.8% next year to 194.6 billion Norwegian crowns ($21.2 billion) before declining in subsequent years, an industry lobby group said on Thursday.

Norway's preliminary production figures for November 2019 show an average daily production of 2 016 000 barrels of oil, NGL and condensate, which is an increase of 235 000 barrels per day compared to October.

Brent fell by 44 cents, or 0.7%, to $63.90 per barrel, WTI slipped by 33 cents, or 0.6%, to $58.91 a barrel

Brent crude oil spot prices averaged $63 per barrel (b) in November, up $3/b from October. EIA forecasts Brent spot prices will average $61/b in 2020, down from a 2019 average of $64/b. EIA forecasts that West Texas Intermediate (WTI) prices will average $5.50/b less than Brent prices in 2020. EIA expects crude oil prices will be lower on average in 2020 than in 2019 because of forecast rising global oil inventories, particularly in the first half of next year.

This would make Aramco's listing the world's largest, beating Alibaba's $25bn IPO at $25.6bn.

Brent were down 44 cents, or 0.68%, at $63.95 per barrel, WTI were down 48 cents, or 0.81% to $58.72 a barrel,

The 7th OPEC and non-OPEC Ministerial Meeting, hereby decided for an additional adjustment of 500 tb/d to the adjustment levels as agreed at the 175th Meeting of the OPEC Conference and 5th OPEC and non-OPEC Ministerial Meeting. These would lead to total adjustments of 1.7 mb/d. In addition, several participating countries, mainly Saudi Arabia, will continue their additional voluntary contributions, leading to adjustments of more than 2.1 mb.

China on Monday set up a new centrally-administered state-owned enterprise (SOE), the China Oil & Gas Piping Network Corporation.

China imported 45.74 million tonnes of crude, equivalent to 11.13 million barrels per day (bpd),

The worldwide rig count for November 2019 was 2,042, down 81 from the 2,123 counted in October 2019, and down 224 from the 2,266 counted in November 2018.

U.S. Rig Count is down 3 rigs from last week to 799, Canada Rig Count is up 12 rigs from last week to 138,

Brent were down 3 cents at $63.36, WTI fell 9 cents to $58.34 a barrel.

The group of more than 20 producers is considering an extra 500,000 barrels per day (bpd) in cuts for the first quarter of 2020 to take the total to 1.7 million bpd, or 1.7% of global demand, Russian energy minister Alexander Novak said

Мы высоко ценим сложившийся диалог, в том числе и на высшем уровне, между Россией и Саудовской Аравией и уверены, что нужно продолжать наше взаимодействие как по линии международного взаимодействия, так и по направлению взаимного развития энергетических и экономических связей России и Саудовской Аравии.

У России есть все необходимые конкурентные преимущества для того, чтобы обеспечить себе лидирующие позиции на мировом рынке водородной энергетики: это наличие резервов производственных мощностей, географическая близость к потенциальным потребителям водорода, а также наличие действующей инфраструктуры транспортировки.