MARKET WATCH: NYMEX crude oil holds above $50/bbl

Light, sweet crude oil prices dropped more than $1/bbl to settle above $50/bbl for the November contract on the New York market Oct. 20 while US natural gas future prices also fell after a government report showed a weekly injection into gas storage levels. Source: News


Blocks off Bangladesh draw interest

Three international oil companies have expressed interest in two deepwater and one shallow-water blocks in the Bay of Bengal offered in a bidding round in Bangladesh. Source: News


EPA, states urged to defer more methane rules until EPA’s ICR ends

The US Environmental Protection Agency and states should not impose more methane control regulations and guidelines on the domestic oil and gas industry until EPA completes its Oil and Gas Information Collection Request (ICR) and subsequent analyses, an American Petroleum Institute official suggested. Source: News


Petrobras inks deal to shed Japanese downstream assets

Brazil’s state-owned Petroleo Brasileiro SA (Petrobras) has found a buyer for its Japanese refining business, which includes subsidiary Nansei Sekiyu KK’s 100,000-b/d Nishihara refinery on Japan’s southwestern island of Okinawa. Source: News