Excluding Russia's share of Kazakhstan's CPC Blend exports, Russian crude exports averaged 2.99 million b/d in the month, down 290,000 b/d on the August levels and lowest since September 2021 when global oil demand was still recovering from pandemic lockdowns

U.S. commercial crude oil inventories decreased by 01.4 million barrels to 429.2 million barrels.

Brent edged down 8 cents to $93.29 per barrel, WTI slid 15 cents to $87.61 per barrel.

Страны – производители нефти приняли общее решение сократить добычу на 2 млн баррелей в сутки.

Adjust downward the overall production by 2 mb/d from the August 2022 required production levels, starting November 2022 for OPEC and non-OPEC Participating Countries

China’s crude oil imports peaked in late 2020 and early 2021 before decreasing as a result of lower domestic demand and higher global crude oil prices.

Brent was down 23 cents, or 0.3%, at $91.57 a barrel, WTI fell 32 cents, or 0.4%, to $86.20 a barrel.

Brent was up 79 cents, or 0.9%, to $89.65 per barrel, WTI rose 60 cents, or 0.7%, to $84.23 a barrel.

Russia currently forecasts a further drop in Urals oil price over the next three years – to $70.1/b in 2023, $67.5/b in 2024, and $65/b in 2025. Its 2022 forecast is $80/b.

Brent rebounded $2.36, or 2.8%, to $87.50 a barrel, WTI was up 2.9%, or $2.27, at $81.76 a barrel.