International

OPEC+ Faces Growing Pressure to Change Course as Ministers Meet

When OPEC and its allies met last month, Saudi Arabia’s energy minister dared oil speculators to test his determination to stabilize global markets

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Turkey lifts Black Sea gas field estimate after new find: Erdogan

(Reuters) - Turkey has raised the estimated reserves in a gas field off its Black Sea coast to 405 billion cubic metres after finding an additional 85 billion cubic metres, President Tayyip Erdogan said on Saturday.

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OPEC+ fears second virus wave could lead to oil surplus in 2021

OPEC and its allies fear a prolonged second wave of the COVID-19 pandemic and a jump in Libyan output could push the oil market into surplus next year, according to a confidential document seen by Reuters, a gloomier outlook than just a month ago.

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Schlumberger: Expect More Cost Cuts In Q3

Schlumberger (SLB) reports earnings October 16th. Analysts expect revenue of 5.38 billion and EPS of 0.12. The revenue estimate implies a decline of over 30% Y/Y. Investors should focus on the following key items.

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Dana Gas signs a $90 million credit facility agreement with Mashreq Bank

Dana Gas announced that it has obtained a $ 90 million credit facility from Mashreq Bank.

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Aramco and BlackRock, others, discussing deal worth over $10 billion

Saudi Aramco is in talks with BlackRock and other investors on a planned deal worth over $10 billion to sell a stake in its pipeline business, sources said.

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Saudi Crown Prince and Russian President Urge OPEC+ Compliance

Saudi Crown Prince Mohammed Bin Salman and Russian President Vladamir Putin urged OPEC+ oil producers to stick to agreed production cuts, increasing pressure on other members to deliver promised output curbs.

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BP starts Oman giant Ghazeer gas field

bp has started production from the Ghazeer field in the Omani desert ahead of schedule. Our latest gas start-up delivers critical national infrastructure for Oman and reflects bp’s commitment to resilient and focused hydrocarbons.

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