China churned out 395.79 million tonnes of coal last month, data from the National Bureau of Statistics (NBS) showed on Monday, equivalent to 12.77 million tonnes per day.

Brent settled up $2.92, or 2.68%, at $111.70 a barrel, WTI closed $2.70 or 2.59% higher at $106.95 a barrel.

China has increased its pipeline gas imports from Russia to 43 million cu m/day or around 15 Bcm/year since December 2021,

U.S. Rig Count is up 4 from last week to 693, Canada Rig Count is down 8 from last week to 103.

Brent were down $1.14, or 1.1%, at $107.64 a barrel, WTI were off $1.32, or 1.3%, at $102.93 a barrel.

The price of OPEC basket of thirteen crudes stood at $106.07 a barrel on Wednesday

China's crude imports in the first quarter averaged 10.41 million b/d, down 8.1% year on year.

U.S. commercial crude oil inventories increased by 9.4 million barrels to 421.8 million barrels.

Brent rose by 48 cents, or 0.5%, to $105.12 a barrel, WTI gained 28 cents, or 0.3%, to $100.88.

The price of OPEC basket of thirteen crudes stood at $102.41 a barrel on Tuesday

For 2022, world oil demand growth is revised down by 0.5 mb/d to stand at 3.7 mb/d, mostly reflecting the downward revision in world economic growth. Oil demand growth is forecast at 1.9 mb/d in the OECD and 1.8 mb/d in the non-OECD.

The Brent price will average $108/b in 2Q22 and $102/b in the second half of 2022 (2H22).

Стоимость нефти в пределах $80–150 за баррель в принципе возможна, но наша задача заключается не в угадывании, сколько будет стоить нефть, а в обеспечении функционирования нефтяной отрасли. Мы готовы продавать дружественным странам нефть и нефтепродукты в любом диапазоне цен.

Brent were up $2.98 or 3.03% to $101.46 a barrel, WTI was up $3 or 3.18% to $97.29 a barrel.

Russia's invasion has driven up the price of the oil, gas and grain it exports, providing it with a substantial windfall to fund its "special military operation" - now entering a new phase as Moscow focuses on the eastern Donbas region after failing to break Ukraine's defence of the capital Kyiv.