New oil fields discovered in the UAE

According to preliminary estimates, we are talking about a basin with a volume of 22 billion barrels.

Benchmark oil prices are stable

Brent is trading at $44.22 per barrel.

Saudi Aramco's net profit fell almost 47%

The company reduced its net profit by almost 2 times in the first nine months of 2020.

Libya has increased oil production to 800 thousand barrels per day

In the coming months, the country intends to increase production further.

Canadian province to lift restrictions on oil production

The restriction was introduced last year to increase market prices.

OPEC+ completed the deal to cut oil production by 102% in September

The average level of performance was about 100% for five months.