Coking coal imports from Russia jumped to 2.5 million tons in September, from about 900,000 tons in the same month last year and 1.9 million tons in August, according to Chinese customs data.

Saudi Arabia is China's top crude supplier with most of the country's refineries designed to crack Middle East crudes.

U.S. commercial crude oil inventories decreased by 1.7 million barrels to 437.4 million barrels.

"If we continue to meet our savings target of at least 20% in Germany, if three LNG terminals start operating at the beginning of next year at the latest, and if the expected winter-related decline in imports and the rise in currently low exports remain moderate, then we can get through the winter without a national gas emergency," he said in a statement.

"The operation of TurkStream is now fully secured in the long term following the Dutch decision," foreign minister Peter Szijjarto was quoted as saying by Hungarian government spokesman Zoltan Kovacs.

Taking into account the recent developments within the Oil Markets,it is safe to say that we are within the murky waters with very troubled vessels to act as a shield.

According to preliminary data, Gazprom produced 327.4 billion cubic meters of gas from January 1 through October 15, 2022. This is a decrease of 18 per cent (or 72 billion cubic meters) versus the same period of last year.

U.S. commercial crude oil inventories increased by 9.9 million barrels to 439.1 million barrels.

Global oil demand for 2022 is now expected to grow by about 2.6 mb/d.

Traders are on edge with Russian President Vladimir Putin saying any energy infrastructure in the world is at risk after the Nord Stream explosions, which he said benefited the US, Ukraine and Poland.

European authorities are on high alert for any signs of sabotage on energy infrastructure since the destruction of the Nord Stream gas pipelines last month.

EU energy ministers gathering in Prague on Wednesday will consider that model, which has already been adopted by Spain and Portugal, allowing consumers to avoid the worst of the price surges.

The contract awards are part of President Biden’s announcement on March 31, 2022, to release as much as 180 million barrels of crude oil to address the significant global supply disruption caused by Putin’s war on Ukraine,

Benchmark Dutch front-month futures dropped as much as 7.8% to 144 euros per megawatt-hour, the lowest intraday since July 1.

Europe's gas price benchmark, the TTF month-ahead contract, traded Oct. 7 below Eur160/MWh, more than 50% lower than peaks seen in late August.