Brent was down 30 cents, or 0.7%, to $42.63 a barrel, WTI was down 28 cents, or 0.7%, at $40.60.

"We see oil demand peaking in around 2040 as a result of a slowing economy, together with less fuel demand for cars, aircraft and ships."

Средняя цена на нефть Urals за период мониторинга с 15 сентября по 14 октября 2020 года составила $40,57909 за баррель, или $296,2 за тонну.

US oil production is unlikely to return to a pre-pandemic peak of more than 13 million b/d,

With positive spreads between the US Henry Hub price and end-user markets, the ramp-up in terminal utilization should gain steam in the near-term, in a bullish sign for overall demand for US LNG.

The EU-27 is projected to reach a share of renewable energy between 22.8% and 23.1% in gross final energy consumption in 2020.

Japan's Minister of Economy, Trade and Industry Hiroshi Kajiyama, the host of the conference, said that there was a growing global consensus that hydrogen would be essential for decarbonization, citing increased numbers of hydrogen strategy roadmaps being announced by the major global economies.

The increase in the reserves is the result of continued drilling to a depth of 4,775 meters in the Tuna-1 well, which located a third reservoir in addition to the two reservoirs identified at around 3,500 meters depth in earlier drilling.

On a quarter-on-quarter basis, China GDP rose 2.7% in the third quarter, the NBS said, compared with expectations for a 3.2% rise and an 11.5% rise in the previous quarter.

U.S. industrial production fell 0.6 percent in September, its first decline after four consecutive months of gains.