The countries signed an $8.3 billion economic cooperation pact that included a $6 billion deal between Saudi Aramco and the Korean company S-Oil to build an oil refinery and downstream petrochemical facilities in South Korea.

Mexican state oil company Pemex [PEMX.UL] signed an $8 billion syndicated loan with more than 20 banks to renew credit lines and refinance liabilities, President Andres Manuel Lopez Obrador said on Thursday.

Brent crude was down 11 cents at $66.38 by 1321 GMT. U.S. West Texas Intermediate crude fell 26 cents to $59.12.

“Imposing tariffs on the remainder of U.S. imports from China will put undue strain on the supply chains of the natural gas and oil industry that enable the delivery of reliable and affordable energy to American families and businesses,” said Dr. Aaron Padilla, API’s Senior Advisor for International Policy.

China imported 1.08 million mt, or 255,065 b/d, of crude oil from Iran in May, down 66.7% from the five-year high of 3.24 million mt in April as the US' sanction waivers for Iranian oil expired on May 2.

Front-month Brent crude futures were up 84 cents at $65.89 per barrel by 0948 GMT. WTI crude futures were at $58.91 per barrel, up $1.08 from their last settlement.

Imports from Russia came in at 6.36 million tonnes in May, or 1.50 million barrels per day (bpd), data from the General Administration of Customs showed on Tuesday.

Over January-May, China imported 2.7 million mt of LNG from Malaysia, up 32% year on year, the customs data showed.

“What’s happening in the Gulf is definitely a concern,” Amin Nasser, president and chief executive of Aramco, told Reuters in an interview in Seoul.

The Scandinavian nation’s parliament voted on Wednesday to instruct its $1 trillion fund to pull an estimated more than $13 billion from oil, gas and coal extracting companies and move up to $20 billion into renewable-energy projects and companies, representing around 2% of the fund.

Brent crude futures were down 12 cents at $64.74, U.S. crude futures were up 3 cents at $57.93 a barrel.

«Но в перспективе нескольких десятилетий доля углеводородных источников останется достаточно высокой. Сегодня она достигает 87%, если этот показатель и снизится к 2040 году, то всего до 72-75%», - сообщил глава Минэнерго России.

U.S. President Donald Trump said on Monday that other countries, including China and Japan, should protect their own oil tankers in the Middle East.

В энергетической сфере Россия и Азербайджан активно сотрудничают и в многостороннем формате: в рамках Электроэнергетического Совета СНГ и в формате ОПЕК+.

Brent crude futures rose 0.7% to $65.66 per barrel, near Friday’s three-week high of $65.76, while U.S. crude futures were up 1.1% at $58.07, standing at its highest in over three weeks.