International and U.S. upstream oil companies wrote down $38 billion in assets in the third quarter of 2015, the largest for any quarter since at least 2008 for this set of 46 companies. Low oil prices continue to have a significant effect on the value of companies' assets and future prospects as well as on current revenue.

Statoil ASA announced that it will vacate leases it holds in the Chukchi Sea off Alaska and close its office in Anchorage because they are no longer competitive. Its Nov. 17 action came after Shell Offshore Co. made a similar move with its Alaska federal offshore leases for the same reason.

Устойчивой тенденции растущего или убывающего ценового тренда сейчас не наблюдается. Россия не рассматривает возможность снижения добычи для стабилизации нефтяного рынка и ожидает его балансировки под воздействием фундаментальных факторов. Важная тенденция газового рынка – уменьшение ценового арбитража между рынками Европы, АТР и Северной Америки.

Александр Новак сообщил, что в 2015 году в нефтяной отрасли ожидается 1 трлн 188 млрд рублей инвестиций при уровне добычи в 533 млн тонн. Также, по словам Министра, на нефтяном рынке идет сокращение дисбаланса спроса и предложения - излишек предложения будет ликвидирован во второй половине 2016 года.

OPEC’s board of governors was unable to agree on the group’s long-term strategy plan and won’t present it to oil ministers when they meet on Dec. 4 in Vienna, two OPEC delegates with knowledge of the matter said.

“The drop in prices won’t be a concern for us,” Zanganeh said. “It should be a concern for those who have replaced Iran.” Iran doesn’t expect difficulties selling the additional barrels, and “the market has taken into account our return,” he said.

Credit crunch was expected to hit many independent U.S. oil producers, starving the industry of billions of dollars and further denting company budgets and drilling plans.

Gazprom would need to bring spot gas prices below $4 per million British thermal units (mmBtu), versus around $5.65 per mmBtu now, to shut Europe off to U.S. imports - a level Goldman Sachs expects could be reached by 2018/2019.

Iran said in September it had approved a draft of international oil and gas contracts to attract foreign investors and oil buyers once international sanctions are lifted but has not provided details so far.

The cost to hire a supertanker - each capable of carrying 2 million barrels of oil - recently hit its highest level since 2008 at over $100,000 a day last month and currently remains at over $70,000 a day.

Rosneft, a company led by Igor Sechin, said that in the first nine months of 2015 it produced 45.92 billion cubic metres (bcm) of gas, increased from 40.87 bcm in the same period last year. On Friday, Gazprom reduced its 2015 forecasts to 427 bcm, a significant decrease on its forecasts released six months ago,which expected production for the year to reach 485 bcm.

Saudi Arabia has started shipping crude to traditional Russian markets like Poland and Sweden, but supplies to Europe from the world’s largest exporter won’t increase by enough to reduce prices. In contrast, a surge in Iranian exports after the lifting of sanctions could erode the value of Russian shipments to the region as soon as next year.

Chevron Corp. is planning to lay off up to 1,000 employees working in the neutral zone between Saudi Arabia and Kuwait, as a dispute between those countries has halted all work on oil fields for several months, according to people familiar with the matter.

The world’s six largest publicly traded oil producers have more than a half-trillion dollars in stock and cash to snap up rival explorers.

The process of adjustment in the oil market is rarely a smooth one, but, in central scenario, the market rebalances at $80/bbl in 2020, with further increases in price thereafter.