Campaign urges administration to follow through on RFS review

A coalition of independent refiners, retailers, and labor unions called on the Trump administration to move ahead on a previously announced review of biofuel quotas under the Renewable Fuel Standard (RFS) despite opposition from renewable fuels organizations and two US senators from Great Plains states. Source: News


MARKET WATCH: Brent crude approaches $61/bbl

Brent crude oil price for December delivery moved toward $61/bbl on Oct. 30 while the US light, sweet December crude price settled above $54/bbl in New York.   Source: News


Pourbaix named president, CEO of Cenovus

Alex Pourbaix has been named president and chief executive officer of Cenovus Energy Inc., Calgary. He succeeds Brian Ferguson, who is retiring. Source: News


Lukoil starts eighth Vladimir Filanovsky well

Lukoil pushed oil production at Vladimir Filanovsky field in the Caspian Sea to 16,500 tonnes/day with the completion of the field’s eighth well.  Source: News


Brazil’s presalt rounds draw $1.9 billion on six blocks

Brazil’s second and third presalt tender rounds held on Oct. 27 drew signature bonuses of $1.9 billion on six of eight blocks offered. Unlike concession regime rounds, production-sharing contract rounds are unbiddable and set in advance. Government profit-share rates were the primary factor in the bids, says Wood Mackenzie Ltd. Source: News