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Leading members of the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, have begun discussions about an oil output cut at their next meeting on Oct. 5, three sources told Reuters.

Oil prices rose for a second day, rebounding from recent losses as the U.S. dollar eased off recent gains and U.S. fuel inventory figures showed larger-than-expected drawdowns and a rebound in consumer demand.

Indian companies are still buying Russian oil using dollars after Dubai's Mashreq Bank declined to handle payments from at least two refiners in Emirati Dirhams as requested by the supplier, according to three sources familiar with the matter.

Washington has increasingly targeted Chinese companies over the export of Iran's petrochemicals as the prospects of reviving the nuclear pact have dimmed. Indirect talks on the accord, formally known as the Joint Comprehensive Plan of Action (JCPOA), have broken down.

TotalEnergies said on Thursday it had observed "unauthorized drone activity" near one of its offshore oil and gas installations in the North Sea.

Imagine a future world starved of resources where carmakers have to resort to replacing the metal in your car's roof and hood with cardboard.

The new unit - Finance Company - will help IOC benefit from interest arbitrage as the company's borrowings increase after selling fuel locally at below-market rates.

The spill took place on Sept. 16 and affected several indigenous communities in Peru's Northeast region of Loreto. While Peru's environment ministry estimated the spill at 2,500 barrels, state-owned oil company Petroperu said it did not yet have an estimate.