International oil prices fell significantly on The 26th New York market to close at $38.56 per barrel

The rebound of COVID-19 in Europe and the United States further dampened expectations of crude oil demand, and international oil prices fell significantly on Wednesday.

Light crude for December delivery fell $1.29, or 3.24%, to settle at $38.56 a barrel on the New York Mercantile Exchange. Brent crude for December delivery in London fell $1.31, or 3.14%, to settle at $40.46 a barrel.

Conocophillips will buy Consuo for $9.7 billion

Conocophillips has agreed to buy shale-oil producer Conchos ResourcesInc for $9.7 billion. The deal is expected to close in the first quarter of next year.

Baker Hughes received the 2020 World Petroleum Technology Completion Technology Award

The final results of the World Petroleum Technology Awards were announced on October 15. Baker Hughes' downhole intelligent completion technology won the Best Completion Technology Award.

Aramco plans to sell more than $10 billion of oil and gas pipelines

Aramco is in talks with investment bank BlackRock and other investors to sell part of its pipeline business in a deal expected to be worth more than $10 billion.

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