U.S. Rig Count is down 3 from last week to 762, Canada Rig Count is up 2 from last week to 215.

Brent were down 25 cents, or 0.26%, to $94.17 a barrel, WTI were down 25 cents at $88.20 a barrel.

The head of Germany's Federal Network Agency, which would be in charge of gas rationing in the event of a supply emergency, repeated his warning a week ago that consumption was too high.

Excluding Russia's share of Kazakhstan's CPC Blend exports, Russian crude exports averaged 2.99 million b/d in the month, down 290,000 b/d on the August levels and lowest since September 2021 when global oil demand was still recovering from pandemic lockdowns

According to KEPCO, the cost for producing 1 kWh using LNG amounts to KRW170 (US$11c), compared with about KRW96 (US$7c) for coal.

To take the group private, the French government will spend €9.7bn, including transaction costs.

U.S. commercial crude oil inventories decreased by 01.4 million barrels to 429.2 million barrels.

Brent edged down 8 cents to $93.29 per barrel, WTI slid 15 cents to $87.61 per barrel.

Adjust downward the overall production by 2 mb/d from the August 2022 required production levels, starting November 2022 for OPEC and non-OPEC Participating Countries

China’s crude oil imports peaked in late 2020 and early 2021 before decreasing as a result of lower domestic demand and higher global crude oil prices.

European countries should guard against distorting the common market with billions in state support and must maintain a level playing field

Germany is rushing to minimize the impact of surging energy costs after Russia curtailed supplies of natural gas in retaliation for sanctions imposed after its invasion.

Russia and Brazil already have ties in the nuclear energy field with an MoU signed in 2017 by Rosatom and Brazil’s Electrobras and Electonuclear to promote cooperation in nuclear power.

RoPower Nuclear will take steps towards deploying the first NuScale VOYGR-6 (462MWe) power plant in Romania this decade.

Brent was down 23 cents, or 0.3%, at $91.57 a barrel, WTI fell 32 cents, or 0.4%, to $86.20 a barrel.