The Company increased its gas supplies to Turkey (+98.1 per cent), Germany (+19.6 per cent), Italy (+18.3 per cent), Romania (+247.1 per cent), Serbia (+92.9 per cent), Bulgaria (+48.2 per cent), Poland (+7.3 per cent), Greece (+13.7 per cent), Slovenia (+53.3 per cent), and Finland (+10.8 per cent).

Russia has said that Nord Stream 2 is ready to begin commercial operations pending regulatory approval and that gas flows through the pipeline would help ease the current high European gas prices, which remain at sustained highs on winter supply concerns.

World oil demand growth in 2021 is revised lower by around 0.16 mb/d, compared to last month’s assessment, to stand at 5.7 mb/d.

U.S. commercial crude oil inventories increased by 1.0 million barrels from the previous week to 435.1 million barrels.

In 2020, Algeria exported 8.7 bcm of natural gas via pipelines to Spain, accounting for about a quarter of the country's total gas imports, and 1.3 bcm to Portugal.

European gas prices have remained high through October and November, in part due to lower-than-expected imports from Russia and low levels of EU storage, especially in Gazprom-owned sites such as Rehden in Germany and Haidach in Austria.

This year, demand for petroleum, both in the United States and globally, has largely returned to the pre-pandemic levels in 2019. Demand has grown faster than supply, reducing inventories and contributing to higher prices for crude oil and petroleum products.

"About 50% of the incremental global natural gas demand will come from Asia by 2035, with China and India as the main engines to boost the development of the LNG market," Luo said.

Despite a brief Covid-related output dip, US LNG exports rose 31% in 2020 to hit an all-time high of 2.4 trillion cubic feet (Tcf).

To ensure domestic oil products supplies by preventing a significant drop in throughput, Chinese refineries had to draw crude inventory in October.

U.S. commercial crude oil inventories increased by 3.3 million barrels from the previous week to 434.1 million barrels.

China's overall trucked LNG price averaged Yuan 7,813/mt across the entire country Nov. 1, up 14% from Oct. 25 and 32% higher than early October, data from Shanghai Petroleum and Gas Exchange showed.

According to preliminary data, Gazprom produced 422.6 billion cubic meters of gas in January–October of 2021, which is 15.8 per cent (or 57.7 billion cubic meters) more than in the same period of last year.

Gazprom and Moldovagaz extended the contract for Russian gas supplies to consumers in the Republic of Moldova from November 1, 2021, for a period of five years on mutually beneficial terms.

Iraq's OPEC+ quota in October was 4.149 million b/d, up from 4.105 million b/d in September.