* OPEC to shoulder around two thirds of cuts. * Graphic on Aramco IPO: https://tmsnrt.rs/305G4Tv. By Ahmad Ghaddar. Oil prices rose sharply on Friday and were on track for weekly gains as a meeting of OPEC and its allies agreed to extend output cuts by 500,000 barrels per day in early 2020.
W&T Offshore Inc (WTI): * W&T OFFSHORE ANNOUNCES ADDITIONAL CRUDE OIL HEDGE POSITIONS. * W&T OFFSHORE (WTI) - HAS RECENTLY ADDED NEW WEST TEXAS INTERMEDIATE CRUDE OIL HEDGE POSITIONS FOR PERIOD FROM JUNE 2020 THROUGH DECEMBER 2020. * W&T Offshore Inc (WTI) - BELIEVE EXPANDED HEDGE PORTFOLIO WILL PROVIDE CO WITH INCREASED CASH FLOW STABILITY IN 2020 Source text for Eikon: Further company coverage:
CME Group on Thursday said it would add two more delivery points for its WTI Houston crude futures contract, pending regulatory review, as it seeks to provide customers with additional options to hedge physical price risk.
* Panel recommends excluding gas condensate from output figures. * Deeper cuts limited to Q1 of 2020 -Novak. * Global oil supplies set to rise in 2020. By Laila Kearney. NEW YORK, Dec 5 - Oil futures were little changed on Thursday, supported by expectations that OPEC will deepen output curbs but pressured by the prospect that gas condensate will be excluded from cuts for non-member producers.
* OPEC meets in Vienna Thursday, OPEC+ meets on Friday. * Global oil supplies set to rise in 2020. * Graphic on U.S. inventories: https://tmsnrt.rs/35DZd. By Ron Bousso. Oil prices edged higher on Thursday ahead of an OPEC meeting where members are expected to agree on deeper output cuts in an effort to prop up prices and prevent a glut next year.
Brazil's Petrobras could add several billion dollars of assets to its already ambitious five-year divestment plan, executives said on Wednesday, underlining the state-run oil company's rush to reduce its hefty debt load.
Brazilian state-run oil firm Petrobras is considering putting additional stakes in significant offshore oilfields up for sale, executives said on Wednesday, as the company continues to aggressively de-leverage.
TC Energy Corp (TRP) on Wednesday filed with U.S. regulators to continue offering Marketlink oil pipeline shippers discounted spot rates during January: * The company plans to charge shippers $2.15 a barrel to ship light crude and $2.58 a barrel from Cushing, Oklahoma to Port Arthur, Texas and Houston, Texas. * The rates are effective Jan. 1, 2020.
Brazil's Petrobras could add several billion dollars of assets to its already ambitious five-year divestment plan, executives said on Wednesday, underlining the state-run oil company's rush to reduce its hefty debt load.
Brazilian state-run oil firm Petrobras is considering putting additional stakes in significant offshore oilfields up for sale, executives said on Wednesday, as the company continues to aggressively de-leverage.
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