** Iraq, the United Arab Emirates (UAE), and Kuwait – the biggest OPEC producers behind Saudi Arabia – are reportedly not particularly inclined to support a rollover of the cuts of 7.7 million barrels per day (bpd), because such cuts are too deep for their economies and budget incomes to sustain. This news came from Reuters on Thursday, quoting sources in OPEC and the industry.
** Baker Hughes announced that the Baker Hughes Board of Directors declared a cash dividend of $.18 per share of Class A common stock payable on November 20, 2020 to holders of record on November 9, 2020.
** E and E News reports the wind industry has pumped $100,000 into a Kansas state Senate race where the incumbent Republican has railed against wind energy.
** Inside Climate News reports a North Dakota lawmaker says using $16 million in federal pandemic relief funding for hydraulic fracturing grants instead of “addressing the public health needs of the citizens while this virus peaks is irresponsible.”
** The St. Louis Business Journal reports Ameren Missouri will develop a new solar energy facility on 91 acres near New Florence in Montgomery County, about an hour west of St. Louis on a site adjacent to Interstate 70. The electric utility said pending approval from the Public Service Commission, the state regulator, construction would start in spring 2021, with completion perhaps in October.
** The Detroit Free Press reports Fiat Chrysler plans to launch an electric version of its Ram pickup truck, adding to an increasingly competitive market.
** The 2020 Atlantic hurricane season has disrupted offshore oil companies more than any year since 2008, according to a report by an energy research firm according to the Beaumont Enterprise.
** Six Utah cities have now withdrawn from a proposed $6 billion small modular reactor nuclear power plant in Idaho, according to the Deseret News.