Daily News: Global Week
Pub Date:Nov 03,2020 | Views:635 |
Bp returned to profit in the third quarter
Bp returned to profit in the third quarter. Bp reported an underlying replacement cost profit of $86m for the three months to September 30.
Norway has found oil in two exploration Wells in Canada
Statoil, a Norwegian oil company, has found oil in exploration Wells in Capa Hayden and Cumbrior in Canada. The depth of the two Wells is 1,000 meters and 600 meters, respectively.
OPEC+ may extend its agreement to cut output for another three months
Key OPEC+ policymakers Saudi Arabia and Russia are likely to push back production by three months, with a production review scheduled for March 2021. A meeting on November 30 is therefore most likely to extend the current output by three months.
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