Oil prices fell on Friday as OPEC+ decided not to move its March meeting forward while Russia indicated that it currently has no intentions to cut production further. Market Movers The offshore driller Noble Corp. ( NYSE:NE ) saw a robust 12% surge yesterday after its Q4 losses turned out to be lower than expected amidst increasing floating and jack-up rig commitments. The Spanish Repsol’s ( MCE:REP ) shares dropped yesterday as its Q4 profits fell 36% and EBITDA decreased 16%, as writedowns bit deep into the major’s profitability. Petrobras ( NYSE:PBR ) Q4 net income rose fourfold year-on-year, yet still managed to come in below analyst expectations, despite hitting an all-time high in profits ($2 billion). Friday, 21 st February, 2020 Weak Chinese recovery prospects that hinder East Asia’s industrial output, coupled with better than expected US crude inventory data have pushed oil prices down even further. With […]