According to preliminary data, Gazprom produced 313.3 billion cubic meters of gas from January through September 2022. This is a decrease of 17.1 per cent (or 64.8 billion cubic meters) versus the same period of last year.

Средняя цена на нефть марки Urals в январе-сентябре 2022 года сложилась в размере $80,58 за баррель, в январе-сентябре 2021 года – $65,96 за баррель.

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.

In a spokesman for the Kremlin last week where Europe was threatened about how difficult it would be to face the coming winter.

The cap must cover all market revenues of producers and intermediaries participating in electricity wholesale markets, "regardless of the market timeframe in which the transaction takes place and of whether the electricity is traded bilaterally or in a centralized marketplace," the text said.

U.S. Rig Count is up 1 from last week to 765, Canada Rig Count is down 2 from last week to 213.

Brent inched down 10 cents or 0.1% to $88.39 a barrel, WTI rose 0.1% or by 9 cents to $81.32 a barrel.

The 27-nation bloc has already agreed on a voluntary target to cut gas consumption by 15% after Russia, its biggest supplier, cut shipments following the invasion of Ukraine. Still, more action is needed to contain the energy crunch that’s fueling inflation and risks recession.

Japan wants to avoid an energy crunch by offering financial support before winter, when heating demand is expected to increase. Spot LNG prices remain at high levels amid a risk of supply disruption from Russia given its war with Ukraine.

Brent rose 52 cents, or 0.6%, to $89.84 a barrel, WTI rose by 52 cents, or 0.6%, to $82.67.

Benchmark prices declined as much as 6.4%, after rising 19% over the previous two days.

Despite the fact neither Nord Stream nor Nord Stream 2 were flowing gas to Europe at the time of the incidents, gas prices rose as much as 9% in early trading Sept. 27.

Although Pertamina remains cautious and the company declined to make official comments on any concrete plans to purchase Russian crude going forward, Ambara Jaya said that the state-run refiner finds several Russian crude grades to be suitable feedstocks.

U.S. commercial crude oil inventories decreased by 0.2 million barrels to 430.6 million barrels.

Brent fell $1.02, or 1.2%, to $85.25 per barrel , WTI were down 97 cents, or 1.2%, at $77.53 per barrel.