Ecuador's oil production has been restored

The work process has been restored at the fields.

The US Treasury renews licenses to five oil companies to work in Venezuela

The licenses give the opportunity to work with the state-owned company PDVSA.

Oil is getting cheaper amid upcoming US-China talks

Traders are waiting for new signals regarding US-China trade negotiations.

Smart Energy began drilling a new well in Poltava region

The projected depth of the well is 5320 meters.

Venezuela may transfer oil state company to Russia – media

In exchange for it, the Russian Federation will “forgive” the debts of the state PDVSA.

The United States predicts an increase in shale oil production in November

Production will increase by 58 thousand barrels.