The OPEC+ agreement, along with declines in production elsewhere, including the United States, brought global supply lower than the level of global demand for the first time since mid-2019.

U.S. commercial crude oil inventories decreased by 1.6 million barrels to 494.4 million barrels,

There has been international condemnation of Turkey's gas exploration offshore Cyprus,

Brent rose 23 cents or 0.6% to $41.95, WTI was up 13 cents or 0.3% at $39.93 a barrel.

The importance of the East Mediterranean's gas importance came to the fore in 2015 with ENI's discovery of the 30 Tcf supergiant Zohr field, helping bring the North African country back to self-sufficiency in gas in 2018.

Brent edged 3 cents, or 0.1%, lower to $41.41 a barrel, WTI slipped 4 cents, or 0.1%, to $39.27 a barrel.

the U.S. total drilling for the year will definitely be the lowest since before 1940.

Brent was down 33 cents, or 0.8%, at $42.82 a barrel, WTI was down 38 cents, or 0.9%, to $40.73 a barrel.

2021 world oil demand is now forecast to grow by 6.6 mb/d, some 0.4 mb/d lower compared with the previous month’s assessment to average 96.9 mb/d.

Egypt's gas fortunes turned around in 2015 when Italy's Eni discovered the 30 Tcf supergiant Zohr field in the Mediterranean, helping bring the North African country back to self-sufficiency in gas.

U.S. Rig Count is up 1 from last week to 255, Canada Rig Count is up 12 from last week to 64

Brent was up 18 cents at $43.48 a barrel , WTI rose 17 cents to $41.14.

«Во всем мире спрос на газ растет. Он продолжит оставаться основным источником энергии. В этом смысле «Северный поток-2» - это тот проект, который позволит создать инфраструктуру на много лет вперед», - сообщил Министр.

The Committee reviewed the crude oil production data for August 2020 and welcomed the positive performance in overall conformity for participating OPEC and non-OPEC countries of the DoC, which was recorded at 102% in August 2020, including Mexico as per the secondary sources.

Energy minister Alexander Novak said Russia "greatly values cooperation with OPEC," and that while overall compliance with the cuts is high, "I would like to urge everyone to view this very seriously and stick to the high level of conformity we were able to achieve."