Brent futures were going for USD 46.47 barrel while WTI dropped 11 cents to USD 45.46 per barrel upon the news of an uptick in US crude inventories by 5.27 million barrels. “The US EIA produced a higher than expected crude inventory figure, but this was subsumed into Opec gossip,” as one analyst put it.
On Wednesday, Venezuelan President Nicolas Maduro claimed OPEC was ready to put in place a “forceful” agreement on a reduced production at the upcoming November 30 gathering in Vienna. However, a first round of talks, scheduled to take place in Doha on Friday, will go ahead without Iranian Minister of Petroleum Bijan Namdar Zangeneh and his Iraqi counterpart, Jabar Al Luaibi.
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
SLB OneSubsea and Subsea7 have signed a long-term strategic collaboration agreement with Equinor and begun work on two of its… Read More
Presight has acquired a 51% shareholding in AIQ, an energy-focused AI player founded by ADNOC and G42, the companies announced… Read More
UK engineering contractor Wood has been awarded a decarbonisation project by TotalEnergies to support flare gas recovery in the North… Read More
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