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OPEC+ will ensure oil prices do not plunge again, says OPEC chief- oil and gas 360

OPEC+ will ensure oil prices do not plunge again, says OPEC chief

Reuters LONDON – The OPEC+ alliance will ensure oil prices do not plunge steeply again when it meets to set policy at the end of November, OPEC’s Secretary General said on Thursday, adding that demand has been recovering more slowly than expected. “I want to assure you that the OPEC, non-OPEC partnership will continue to do what it knows best,

PetroBras-oilandgas360

Petrobras lagging on refinery sales

argus Rio de Janeiro, 15 October (Argus) — Brazil’s state-controlled Petrobras only expects to sign one refinery sales agreement by year-end, rather than five as originally targeted, a senior company executive familiar with the process tells Argus. The delay stems from scheduling problems associated with the Covid-19 pandemic, oil market volatility, and a court challenge recently decided in Petrobras’ favor. The refinery divestment