Senate Energy Democrats question timing of ANWR leasing hearing

Democrats on the US Senate Energy and Natural Resources Committee questioned whether it was appropriate to hold a Nov. 2 hearing on possibly allowing oil and gas leasing on the Arctic National Wildlife Refuge’s Coastal Plain when it was not yet clear why the issue needs to be considered now. Source: News

Petrobras, BP form strategic alliance

Petroleo Brasileiro SA (Petrobras) and BP PLC have signed a letter of intent to jointly identify and evaluate business opportunities involving assets or ventures in Brazil and abroad. Source: News

MARKET WATCH: NYMEX crude hits highest price since July 2015

Light, sweet crude oil prices closed above $54.50/bbl on the New York market Nov. 2, marking the near-month’s highest settlement since July 2015 while Brent crude oil prices in London held above $60/bbl. Source: News