Bloomberg A pile up of tankers waiting in the North Sea suggests a glut is building again in the market where benchmark crude is traded, highlighting the task facing OPEC as it seeks to rein in a global glut. At least 10 tankers are at or near two locations off the U.K. coast where they must wait to transfer …

  Bloomberg OPEC could cut production at its late November meeting in Vienna by another one percent more than the amount agreed in Algiers last month, if producers reckon it is needed, Algeria’s Energy Minister Nouredine Bouterfa has told local Ennahar TV. He also told Ennahar that OPEC and non-OPEC members would hold an informal meeting in Istanbul Oct. 8-13 …

  Reuters Oman Oil Company Exploration & Production (OOCEP) has appointed Sumitomo Mitsui Banking Corp as financial advisor to arrange a loan which is likely to be in excess of $1 billion, banking sources told Reuters. The upstream oil and gas company, a subsidiary of state-owned Oman Oil Co, is expected to raise the financing early next year, the sources …