The first 90 million barrels will be released between May and July, through two notices of sale totaling 70 million barrels, and 20 million barrels already scheduled to be released in May 2022.

The Worldwide Rig Count for March was 1,661, down 8 from the 1,669 counted in February 2022,and up 430 from the 1,231 counted in March 2021.

U.S. Rig Count is up 3 from last week to 673, Canada Rig Count is down 16 from last week to 124.

Brent slid by 79 cents to $103.92 a barrel, WTI were down $1.02 at $99.26 a barrel.

Reconfirm the baseline adjustment, the production adjustment plan and the monthly production adjustment mechanism approved at the 19th OPEC and non-OPEC Ministerial Meeting and the decision to adjust upward the monthly overall production by 0.432 mb/d for the month of May 2022, as per the attached schedule.

The price of OPEC basket of thirteen crudes stood at $110.46 a barrel on Wednesday,

We imported from Russia just 0.419 million mt in the April-December period of the current fiscal year 2021-22 (April-March). That is just 0.2% of the total requirement.

Brent fell $4.87, or 4.3%, to $108.58 a barrel, WTI fell $5.90, or 5.5%, to $101.92 a barrel .

the price of OPEC basket of thirteen crudes stood at $110.46 a barrel

U.S. commercial crude oil inventories decreased by 3.4 million barrels from the previous week to 409.9 million barrels.