Europe looks set for more LNG imports in the near term as the TTF and NBP prompt months are due to retain premiums to the JKM spot price amid the rising charter costs to Japan and South Korea, traders say.

Our exports to external markets – to Europe – in nine and a half months amounted to 152.6 billion cubic meters of gas, which, although 2.5 per cent less than in the record year of 2018, is still a 2.6 per cent improvement over 2017. In addition, Gazprom is going to inject 11.4 billion cubic meters of its own gas into European UGS facilities this year.

U.S. crude oil production reached a new all-time high of 12.4 million barrels per day (mb/d) – and U.S. natural gas liquids production sustained a record 4.8 mb/d – in September,

Global LNG is “clearly a well-supplied market”, but Shell believes that the market dynamics could shift again over the next few years. “We do not use the term oversupply—as all of the LNG being produced is being absorbed,”

U.S. Rig Count is down 5 rigs from last week to 851, Canada Rig Count is down 3 rigs from last week to 143,

Gazprom's supplies to the country over nine and a half months of 2019 totaled 8.9 billion cubic meters of gas, 17 per cent more than in the entire year of 2018.

Crude oil production from the major US onshore regions is forecast to increase 58,000 b/d month-over-month in October from 8,913 to 8,971 thousand barrels/day, gas production to increase 319 million cubic feet/day from 83,693 to 84,012 million cubic feet/day .

Norway's preliminary production figures for September 2019 show an average daily production of 1 574 000 barrels of oil, NGL and condensate, which is a decrease of 86 000 barrels per day compared to August.

The global economy has started to slow down in 2019, reflecting an impact from USChina trade tensions, as well as the economic cycle in the US.

India is investing $60 billion to build a national gas grid and import terminals by 2024