•  Drilling in Saudi Arabia has remained at near-record levels since the beginning of last year. The kingdom’s rig count, according to services firm Baker Hughes, has remained above 120 since February 2015. Rig counts averaged 125 in the first nine months of this year, up marginally from 123 during the same period last year.

•  Saudi crude production in September dipped to 10.53mn b/d but still the second highest this year, following peak summer electricity demand...