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Oil rises on US storage, the start of the deeper Saudi output cuts and confidence for OPEC+ compliance
Oil prices are rising on the first day of February, matching anticipation for Saudi Arabia’s additional output cuts. The rise is also assisted by declining US crude storages and hopes that OPEC+ compliance is solid
Top oil and gas companies with operations in the Middle East leaving customers at risk of email fraud: Proofpoint study
90% of the top oil and gas companies are not proactively blocking fraudulent emails from reaching customers
BP to sell 20% stake in Oman‎’‎s Block 61 to PTTEP for $2.6 billion
bp will remain operator of Block 61, with a 40% interest
Iran nuclear talks should be ‘strict’, involving KSA: French president
President Emmanuel Macron warned that Iran was moving closer to developing a nuclear device
Middle East and Africa’s oil & gas industry sees a rise of 33.3% in deal activity in Q4 2020
A total of 52 deals worth $4.7bn were announced for the region during Q4 2020, against the last four-quarter average of 39 deals