As a first step toward enhancing cooperation under WECAN, the USA and Japan announced a partnership with Ghana to support Ghana's ambition of being a first mover in SMR deployment in Africa and establishing itself as an advanced nuclear technology hub.

U.S. Rig Count is down 3 from last week to 768, Canada Rig Count is up 2 from last week to 212.

Brent dropped $1.02, or 1.1%, to $95.94 a barrel, WTI were down $1.24, or 1.4%, at $87.84 a barrel.

Dutch front-month gas, Europe’s benchmark, rose 3.4% to €111 per megawatt-hour at 8:57 a.m. in Amsterdam, paring some of the weekly decline.

While US fuel now makes up 40% of Europe’s liquefied natural gas imports, it will only offset a fraction of the deficit from Russia next summer,

Lower Russian supplies sent European gas prices to all-time highs in late August though prices have come down sharply as storage sites across the EU were filled to close to capacity.

Concluding the plenary part, Maksim Malyarchuk, Executive Director of the Russian-Iraqi Business Council at the Chamber of Commerce and Industry of the Russian Federation, spoke about the activities of the Council and assistance to Russian and Iraqi companies in the new conditions.

NuScale and Prodigy have been collaborating since 2018 under a Memorandum of Understanding (MOU) aimed at bringing a competitive North American SMR marine facility to market – a product that can generate safe, affordable, and reliable electricity at grid-scale at any coastal location worldwide.

U.S. commercial crude oil inventories increased by 2.6 million barrels to 439.9 million barrels.

Brent rose 56 cents, or 0.6%, to $96.25 a barrel, WTI gained 41 cents, or 0.5%, to $88.32.

As the cleanest hydrocarbon fuel, natural gas is seen as the perfect solution that strikes the right balance, and will continue to play a key role in the future energy mix.

Further in 2023, consumption is forecasted to increase by up to 1.1% driven by China, South and South East Asia and the Middle East.

Российская сторона поддерживает повышение международной роли ФСЭГ, включая предложения расширить число участников Форума и его диалоговых партнёров.

«Россия и Катар единодушны в том, что мировая торговля энергоресурсами должна быть деполитизирована и свободна от односторонних ограничений или решений, направленных против свободного рынка», – сказал Николай Шульгинов.

Стороны рассмотрели вопросы подготовки к заседанию Межправительственной комиссии Россия – Иран, а также вопросы взаимодействия в нефтегазовой сфере, в том числе по поставкам нефти и нефтепродуктов.