January 11, 2017

From The Wall Street Journal: Oil and gas companies on Tuesday have pledged to invest at least $5 billion in Argentina this year and more than double that annually in coming years after unions agreed to lower labor costs, President Mauricio Macri said. Industry executives hailed the agreement, saying it will cut drilling costs and make Argentina’s oil and gas

From Bloomberg: India’s biggest fuel retailer is seeking to buy oil assets as demand surges in the world’s fastest growing energy market. State-run Indian Oil Corp. wants to buy assets globally to ensure a tenth of its refining capacity is fed by crude that is either from its own oil field or from assets where it has a stake, Chairman

From Bloomberg: Russia and Kazakhstan said they’ve met or exceeded their initial goals for trimming oil output, bringing cuts by non-OPEC nations in the first 10 days of this year to more than a quarter of the total pledged a month ago in Vienna. Russia’s oil production has shrunk by around 130,000 barrels a day in the first week of January