WorldOil New gas turbine improves gas protection in dusty environments Parker Hannifin recently announced the release of its new clearcurrent PRO SP+ cartridge filter at the ADIPEC show in Abu Dhabi. WTI holds near $56/bbl after surging on Saudi cut-extension plea Oil held near $56/bbl after surging the most in almost two weeks as Saudi Arabia’s energy minister said OPEC should announce an extension to supply cuts when it meets at the end of the month. Investors key on geopolitics over crude in Saudi Arabia Investors in Saudi Arabia’s stock market are more concerned with political headlines coming out of Riyadh than oil prices. Nigerian economic growth quickens as oil output increases Nigeria’s economic growth accelerated in the third quarter as oil output rose to the highest since the start of last year. Abu Dhabi oil giant pushes ahead with IPO Abu Dhabi National Oil Co. plans to sell as much as 20% of its fuel-distribution unit weeks after Saudi Arabia’s corruption crackdown deterred investors from the Middle East’s biggest share sale of the year. Oil short-sellers return as doubts loom on OPEC's horizon After bullish bets on Brent crude hit a record and futures surged to two-year highs, hedge funds are pulling back with a sense that the rally reached its limit for now. Wagers on lower prices rose by the most since June as Middle East tensions took a backseat, while uncertainty looms over Saudi Arabia’s push to extend OPEC’s output curbs this month. Oil climbs as Saudi Arabia seeks to dispel doubts over Russia Oil climbed, paring losses earlier this week, as Saudi Arabia moved to dispel doubts over Russia’s readiness to extend output curbs. Saudi Arabia says OPEC should extend cuts in meeting this month Saudi Arabia’s Energy Minister said OPEC and its allies should announce an extension of their output curbs when they gather at the end of this month. ADES wins contract for ADMARINE III jackup with Egypt's GPC ADES International Holding Ltd., the London-listed company providing offshore and onshore oil and gas drilling and production services in the Middle East and Africa through its subsidiaries, is pleased to announce that it has been awarded a new contract for its ADMARINE III offshore jackup rig. Eni's giant gas field prompts Egypt to end imports in 2018 Egypt will stop importing liquefied natural gas in 2018 and may eventually export gas after it starts producing this year at the giant Eni SpA-operated Zohr field off the country’s Mediterranean coast, Oil Minister Tarek El-Molla said.