REUTERS - Brent crude LCOc1 futures rose 4 cents to settle at $52.20 a barrel, off the session high of $53.80 a barrel. U.S. West Texas Intermediate (WTI) crude CLc1 futures rose 72 cents to settle at $45.33 a barrel, after earlier reaching $46.22 a barrel.

МИНЭНЕРГО РОССИИ - «Наше сотрудничество насчитывает долгие годы конструктивного взаимодействия. Мы ведем совместную работу по формированию общих рынков газа, нефти, нефтепродуктов и электроэнергии ЕАЭС. Россия осуществляет стабильные поставки в Республику нефтепродуктов и газа», - отметил Министр.

PLATTS - Brazilian state-led oil company Petrobras registered a 1.4% month-on-month slide in domestic crude oil output in November as ongoing maintenance work at offshore floating production units offset fresh flows from new wells.

BHGE - U.S. Rig Count is up 3 rigs from last week to 1,083, with oil rigs up 2 to 885 and gas rigs up 1 to 198. Canada Rig Count is down 61 rigs from last week to 70, with oil rigs down 43 to 15 and gas rigs down 18 to 55.

REUTERS - Brent crude oil LCOc1 dropped $1.67 a barrel, or 3.1 percent, to a low of $52.80 before recovering to around $53.45 by 1205 GMT. U.S. light crude oil CLc1 slipped $1.30 to $44.92 and was last 80 cents lower at $45.42.

PLATTS - The downward trend in output from Mexico's state oil company Pemex continued in November as oil and gas production fell 2.7% and 2.3% respectively, from the previous month, company data showed Wednesday.

REUTERS - U.S. West Texas Intermediate (WTI) crude futures CLc1, were up 29 cents, or 0.68 percent, at $42.82 per barrel, at 0355 GMT, having at one point risen as high as 2 percent from the last close. They had slumped 6.7 percent in the previous session to $42.53 a barrel - the lowest since June 2017. Meanwhile Brent crude oil futures LCOc1 were down 11 cents or 0.22 percent at $50.36 a barrel, having skidded 6.2 percent in the previous session to $50.47 a barrel, the weakest since August 2017.

МИНЭНЕРГО РОССИИ - Принято консолидированное решение о совместных действиях с коллегами из ОПЕК и не ОПЕК по сокращению добычи на 2,5% для стран ОПЕК и 2% для стран не ОПЕК.

REUTERS - “I think that during the first half, due to joint efforts, which were confirmed by the OPEC and non-OPEC countries this December, the situation will be more stable, more balanced,” Novak said in an interview on Rossiya-24 TV.

OGJ - US crude oil inventories, excluding the Strategic Petroleum Reserve, decreased by 500,000 bbl for the week ended Dec. 14, according to data from the US Energy Information Administration.

REUTERS - International benchmark Brent crude LCOc1 futures rose 60 cents, or 1.1 percent, to $54.42 a barrel at 0408 GMT. Prices climbed to as high as $54.66. U.S. West Texas Intermediate (WTI) crude futures CLc1 were up 37 cents, or 0.8 percent, to $45.96 a barrel after earlier climbing to as high as $46.24.

U.S. EIA - U.S. primary energy production totaled 8.0 quadrillion British thermal units (Btu), a 10% increase compared with September 2017.

PLATTS - Three aggressive independent Permian Basin upstream operators released capital budgets for 2019 in the last few days that are lower than either prior expectations or actual 2018 spending by at least 12% to 15%, as corporate executives attributed reduced activity to the recent plunge in oil prices.

REUTERS - China's LNG imports totaled 5.99 million tonnes in November, up 48.5 percent from the same month last year, data from the General Administration of Customs showed.

MEOG - Saudi Arabia's Council of Ministers approved its 2019 budget, the largest in the Kingdom's history. It has planned to spend $295bn in the coming year, and estimates revenue at $260bn. Deficit is therefore estimated at $35bn, down 32% from the expected deficit for 2018, $52bn. Actual deficit in 2018 sat at $36.2bn.