Brent were last up $2.64, or 2.6%, at $102.55 a barrel, WTI rose $1.91, or 2%, to stand at $98.35 a barrel.

The 2022 forecast for global oil demand growth remains under assessment at 4.2 mb/d, with OECD forecast at 1.9 mb/d and non-OECD at 2.3 mb/d.

But getting Saudi Arabia and the UAE to agree to pump more crude would require them to break a more-than-five-year partnership with Russia that has forged strong ties beyond oil — an uncertain prospect as they increasingly look eastward for political allies.

Brent were down $8.90, or 8.3%, to $98 a barrel, WTI was down $8.97, or 8.7%, to $94.04 a barrel.

In 2021, Russia was the largest natural gas-exporting country in the world, the second-largest crude oil and condensates-exporting country after Saudi Arabia, and the third-largest coal-exporting country behind Indonesia and Australia.

"Russia's oil and petroleum product exports to India have approached $1 billion, and there are clear opportunities to increase this figure," said Russia's Deputy Prime Minister Alexander Novak, according to a statement shared by Russia's embassy in India late on Friday.

"We have good prospects and a common interest in continuing coordination on the global energy market, including within the framework of the Gas Exporting Countries Forum," Lavrov said at a press conference in Moscow following talks with his Qatari counterpart.

Saudi Arabia's national oil company Saudi Aramco has taken the final investment decision (FID) to participate in the development of a 300,000 bbl/d refinery in the city of Panjin, in China’s Liaoning Province.

Brent were last down by $3.81 or 3.4% at $108.86 a barrel, WTI eased $3.85 or 3.5% to $105.48 a barrel.

U.S. Rig Count is up 13 from last week to 663, Canada Rig Count is down 11 from last week to 206.