That boosted Russia's share in the world's third largest importer and consumer to nearly 41% last month, the data showed.

Brent slid 40 cents, or 0.5%, to $84.84 a barrel, WTI were at $80.34 a barrel, down 39 cents, or 0.5%.

Changes including allowing full foreign ownership of renewable energy projects have already helped secure a pipeline of 99 gigawatts of wind and solar developments.

Brent rose 2 cents to $85.35 a barrel, WTI was down 6 cents to $81.51 per barrel.

The Worldwide Rig Count for May was 1,675, down 51 from the 1,726 counted in April 2024, and down 107,from the 1,782 counted in May 2023.

Brent lost 14 cents, or 0.17%, to $82.46 a barrel, WTI fell 16 cents, or 0.2%, to hit $78.34.

Согласно прогнозам ОПЕК+, спрос на нефть в 2024 году вырастет на 2,2 млн баррелей в сутки (б/с), до 102 млн б/с. «В перспективе до 2030 года, а это всего 6 лет, сегодняшние 102 млн б/с могут превратиться в 110 млн б/с или даже 115 млн б/с», – отметил Александр Новак.

India, the world's third biggest oil importer and consumer, emerged as the biggest buyer of Russian sea-borne oil, snapping up barrels sold at a discount as Western companies halted purchases after Moscow's invasion of Ukraine in 2022.

In the conclusion of the St.Petersburg International Economic Forum,it is clear and evident that Russia has its hands firmly on the global economic growth steering wheel.Their calibration on the global compass remains top notch and success is all for the taking.

Brent were up 4 cents at $77.56 a barrel, WTI were flat at $73.25 a barrel.

Участники ОПЕК+ приняли решение продлить действующие в 2024 году целевые уровни по добыче нефти на весь 2025 год. При этом принято решение о частичном поэтапном восстановлении добровольных сокращений добычи начиная с октября 2024.

Extend the level of overall crude oil production for OPEC and non-OPEC Participating Countries in the DoC as per the attached table starting 1 January 2025 until 31 December 2025.

Brent ose 21 cents to $83.31 a barrel, WTI were at $78.90 a barrel.

As part of the OPEC+ agreement and voluntary reductions taken by a number of countries, including the Russian Federation, production restrictions were extended to the second quarter of 2024.

Brent were down 60 cents, or 0.7%, to $82.28 a barrel, WTI slipped 64 cents, or 0.8%, to $78.02.