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Latest Articles in oil companies

French Energy Group Total Buys 20% Stake In Adani Green Energy

Total and Adani added they had agreed on the acquisition of a 50% stake in a 2.35 GWac portfolio of operating solar assets owned by AGEL and a 20% stake in AGEL for a global investment worth $2.5 billion.

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Saudi Aramco Says Domestic Supplies Unaffected By Attack On Jeddah Plant

Aramco's oil production and export facilities are mostly in Saudi Arabia's Eastern Province, more than 1,000 km (620) from Jeddah.

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Rosneft Swings To Net Loss, Hit By Pandemic And Weaker Rouble

The company's oil and gas condensate output for the July to September period was down 3.2% from the previous quarter at 3.91 million barrels per day.

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Oil Falls As Renewed Lockdowns Counter COVID-19 Vaccine Hopes

U.S. West Texas Intermediate (WTI) crude futures fell 55 cents, or almost 1.4%, to $39.74 a barrel by 0545 GMT, while Brent crude futures fell 44 cents, or 1%, to $41.96.

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Oil Falls As Near-Term Demand Worries Overshadow COVID-19 Vaccine Relief

OPEC+ agreed to cut supply by 7.7 million barrels per day from August through December and then ease the cut to 5.7 million bpd from January.

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Oil Falls 4% As US Vote Count Continues, Coronavirus Cases Rise

Brent crude settled down $1.48, or 3.62%, at $39.45 a barrel. U.S. West Texas Intermediate (WTI) <CLc1> dropped $1.65, or 4.25% to $37.14 a barrel.

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Oil Slumps As COVID-19 Infections Surge, US Vote-Count Drags On

West Texas Intermediate was down $1.06, or 2.7%, at $37.73 a barrel at 0538 GMT, after dropping 0.9% on Thursday. Brent crude was off $1.05, or 2.6%, at $39.88, having fallen 0.7% in the previous session.

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Oil Drops As US Election Uncertainty Dominates Markets

Brent crude fell 33 cents, or 0.8%, to $40.90 a barrel by 0927 GMT and U.S. West Texas Intermediate (WTI) crude was down 39 cents, or 1%, at $38.76. Both contracts had jumped around 4% on Wednesday.

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Oil Down 1% As US Dollar Firms On Bets Of Split White House, Senate

US West Texas Intermediate (WTI) crude futures fell 40 cents, or 1%, to $38.75 a barrel at 0141 GMT, while Brent crude futures dropped 41 cents, or 1%, to $40.82 a barrel.

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Saudi Aramco Third-Quarter Profit Slumps 44.6% As Pandemic Chokes Demand

The company said it would distribute a dividend of $18.75 billion for the third quarter of this year, in line with its plan to pay a base dividend of $75 billion for 2020.

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Chevron, Exxon Shrink Spending As Coronavirus Cuts Demand

Exxon shares were down 1% to $32.62 on Friday. Chevron shares gained 1% to $69.50. Exxon shares have lost half of their value this year; Chevron's are down 40%.

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Oil Extends Losses On Renewed Coronavirus Lockdowns

Brent crude futures were down $1.28, or 3.3%, at $37.84 by 0954 GMT, their lowest since mid-June.

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BP Swings Back To Small Profit, Refining Weighs

BP reported a $86 million profit for the three months to September 30, beating analysts' expectations of a loss of $120 million.

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Oil Steady As Russia Holds Out Prospect Of Output Cut Extension

Brent crude was off 1 cent at $42.45 a barrel by 0040 GMT having risen 1.7% on Thursday, while U.S. oil was 2 cents lower at $40.62, following a 1.5% gain in the previous session.

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Brazil's Petrobras Boosts Production Outlook In Recovery From COVID-19 Halts

The revision will not come as a shock to the market as the company has consistently produced at levels above formal guidance this year, and executives had previously faced questions about whether their guidance was too conservative.

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