Brent crude was down 24 cents at $49.00 a barrel. Prices have more than halved from June 2014. U.S. crude fell 39 cents to $46.27 a barrel.

Spanish oil major Repsol said on Wednesday its net profit could fall by up to 22 percent in 2015, hit by low crude prices and a loss of value of some of its North-American assets which will trigger a big impairment charge in the third quarter.

«Я покупаю все меньше и меньше российской нефти для моих НПЗ в Европе, потому что саудовские баррели выглядят привлекательнее. Для меня в этом нет никаких сложностей, так как саудовская нефть просто дешевле», — рассказал агентству источник, связанный с закупками в крупной нефтяной компании, который попросил не называть его, так как он не уполномочен общаться со СМИ

He gave the warning in a statement as Schlumberger reported third-quarter earnings per share that were 48 per cent below the equivalent period of 2014, but slightly above analysts’ expectations.

Repsol SA said Thursday it will sell €6.2 billion ($7.1 billion) of noncore assets through 2020 as part of a cost-cutting drive, which also includes a significant cut in oil-exploration spending.

U.S. Rig Count is down 8 rigs from last week to 787, with oil rigs down 10 to 595, gas rigs up 3 to 192, and miscellaneous rigs down 1 to 0.

"The fourth-quarter oil demand will be mainly boosted by heating oil demand in Asia. And in 2016, North America and Asia will continue to drive the global oil demand growth," the country's third-largest refiner said in an earnings statement.

Statoil with partners Petoro and OMV have started the world´s first wet gas compression on the seabed of the North Sea Gullfaks field.​

Norwegian petroleum and other liquids production, which had been declining since 2001, increased in 2014 and will likely continue increasing in 2015. The production growth in 2014 was mainly the result of new fields coming online, but also included a small increase in output from existing fields. Production has continued to grow in the first half of 2015 and is expected to remain relatively stable over the next few years as growth from new fields balances declines from older fields.

Two of the biggest independent oil explorers in the North Sea have predicted a further 10,000 jobs will be lost from the sector, indicating a growing acceptance that oil prices are stuck in a prolonged slump.

The business environment deteriorated further in the third quarter. However, the cost reduction actions we took in previous quarters and the acceleration of our transformation program enabled us to protect our financial performance in what is shaping up to be the most severe downturn in the industry for decades. As a result of our actions, we have been able to deliver pretax operating margins well above those seen in any previous downturn and we have continued to generate significant liquidity with free cash flow of $1.7 billion in the third quarter, representing 170% of earnings.

Saudi Arabia's crude oil exports fell by 278,000 barrels per day in August, despite historically high wellhead production, while volumes of shipped refined oil products rose to a record high, official data showed on Sunday.

Pakistan and Russia signed a major agreement to build a 1,100-km gas pipeline from Lahore to Karachi, that will take cooperation between the two Cold War-era adversaries “to a new level”.

The API Director of Upstream Erik Milito released the following statement regarding the Obama administration’s decision to deny Arctic offshore development extension requests and scheduled 2016 and 2017 Arctic lease sales

The foreign investment arm of India's top oil explorer ONGC is targeting $10-$12 billion of oil and gas asset purchases over the next three years, including more corporate acquisitions, its managing director said.

Vitol, the world's largest oil trader, believes the crude price will struggle to trade above $60 a barrel next year, as the effects of slowing global demand growth could be compounded by a return of Iranian and maybe even Libyan barrels.

Halliburton Company (NYSE:HAL) announced today that income from continuing operations for the third quarter of 2015 was $265 million, or $0.31 per diluted share, excluding special items. This compares to income from continuing operations for the second quarter of 2015 of $380 million, or $0.44 per diluted share, excluding special items. Adjusted operating income was $506 million in the third quarter of 2015, compared to adjusted operating income of $643 million in the second quarter of 2015. Halliburton's total revenue in the third quarter of 2015 was $5.6 billion, compared to $5.9 billion in the second quarter of 2015.

«Газпром» продолжает развитие торговли СПГ из портфеля Группы. За первые 6 месяцев 2015 года реализовано 22 партии СПГ общим объемом более 1,5 млн тонн. Это на 17% выше показателя за аналогичный период 2014 года и соответствует объему СПГ, который «Газпром» реализовал за весь 2013 год.

Russia supplied a record amount of crude oil to China in September, surpassing Saudi Arabia for the second time as the top seller to the Asian giant, customs data showed, boosted by demand from independent refiners.

Russia, Kazakhstan and Azerbaijan all have safety cushions of income from oil and gas to help in the hard times of benchmark Brent crude under $50 a barrel.