Oil

In the Permian Basin. the US'. most active oil and gas producing area. the rig count fell by one to 483.

Lack of proposal will not enable the US to null export of Iranian oil.

Sixteen countries have been invited to the meeting of the ministerial monitoring committee of OPEC +.

Saudi Arabia and Russia led OPEC and allied producers in agreeing to cap output starting in January 2017 to curb a glut.

Most Chinese oilfields can break even with oil at $70 per barrel.

This winter could turn out to be a hot one indeed for oil markets.

Saudi Arabia lifted output by 70.000 bpd to 10.42 MMbpd last month.

The US is attempting to bring Iran’s oil sales to zero by imposing banking and transportation restrictions.

Buyers who defy the US sanctions risk having their banks frozen out of the American financial system.

Oil traders are looking at the evolution of the category 4 Hurricane Florence. which is expected to make landfall in the USA coast by Friday.