The price of OPEC basket of thirteen crudes stood at $118.97 a barrel

U.S. Rig Count is up 7 from last week to 740, Canada Rig Count is up 15 from last week to 156.

Brent was up $1.13, or 0.9%, to $120.94 a barrel, WTI gained $1.03, or 0.9%, to $118.62.

The price of OPEC basket of thirteen crudes stood at $119.24 a barrel

Prince Abdulaziz bin Salman met Deputy Prime Minister Alexander Novak on Thursday at the St. Petersburg International Economic Forum, a flagship conference that almost all Western officials and business executives are avoiding this year following Russia’s invasion of Ukraine.

Brent were down 45 cents, or 0.4%, to $118.06 a barrel , WTI fell 44 cents to $114.87, also off 0.4%.

"We see that we have a fairly significant increase in June compared to May, up around 600,000 b/d," Novak said on the sidelines of the St Petersburg International Economic Forum,

Средняя цена на нефть Urals за период мониторинга с 15 мая 2022 года по 14 июня 2022 года составила $87,491 за баррель, или $638,7 за тонну.

According to preliminary data, Gazprom produced 226 billion cubic meters of gas from January 1 through June 15, 2022. This is a decrease of 6.4 per cent (or 15.5 billion cubic meters) versus the same period of last year.

U.S. commercial crude oil inventories increased by 2.0 million barrels to 418.7 million barrels.

Brent were down $1.27, or 1%, at $119.90 a barrel, WTI fell $1.44, or 1.2%, to $117.49 a barrel.

The price of OPEC basket of thirteen crudes stood at $123.73 a barrel

For 2022, world oil demand growth is broadly unchanged to stand at 3.4 mb/d.

Brent rose $1.05, or 0.9%, to $123.32 a barrel, WTI rose 96 cents, or 0.8% to $121.89 a barrel.

The price of OPEC basket of thirteen crudes stood at $120.66 a barrel