Oil market highlights taken from OPEC's monthly market report for October
Drilling & production - 12 October 2016
Natural gas fastest growing fossil fuel globally, with 50% increase in consumption by 2040: World Energy Outlook.
The number of oil wells drilled and completed in 3Q16 has remained unchanged from the previous quarter.
DNO ASA, the Norwegian oil and gas operator has reported the completion of three new production wells at the flagship Tawke field in the Kurdistan region of Iraq as part of a stepped up drilling programme kicked off in July 2016.