In the situation that has obtained in recent months on energy markets, it has become clear that one of the foundations of stability of the modern global world is, in the first instance, reliable energy supply, which cannot be provided without observing a reasonable balance of energy sources and an absence of discrimination against traditional sectors of the fuel and energy complex.

"In the current scenario, [the] demand for oil has outpaced production growth as economies slowly rebound from the worst of the pandemic, leaving the market with a small buffer to mitigate an oil supply shock," Singh said.

The partnership between the two countries has led to the joint work on several agreements and Memorandum of Understanding in several areas, including: The Economy, Climate Change and Houbara Conservation, Industries and Advanced Technologies, Low Carbon Hydrogen Developments and Investments, Food Security, Financial Services, and Issuance of India-UAE Joint Stamps.

Brent fell 65 cents, or 0.7%, to $92.32 a barrel, WTI shed 71 cents, or 0.7%, to $91.05 a barrel.

Russia and Brazil already have ties in the nuclear energy field with a memorandum of understanding signed in 2017 by Rosatom and Brazil’s Electrobras and Electonuclear to promote cooperation in nuclear power.

U.S. commercial crude oil inventories increased by 1.1 million barrels from the previous week to 411.5 million barrels.

Brent was down $1.26, or 1.3%, at $93.55 a barrel, WTI was down $1.34, or 1.4%, at $92.32.

В вопросах взаимодействия в сфере электроэнергетики стороны отметили большой потенциал для дальнейшего сотрудничества в нефтегазовом секторе и в области возобновляемых источников энергии.

Франция остаётся историческим и стратегическим партнёром России в Европе, где энергетика играет одну из ключевых связующих ролей, отметил Александр Новак.

U.S. crude oil production will increase to 12.0 million b/d in 2022, up 760,000 b/d from 2021.

Brent traded at $93.90 a barrel, WTI was at $92.71 a barrel.

Средняя цена на нефть Urals за период мониторинга с 15 января 2022 года по 14 февраля 2022 года составила $91,70738 за баррель или $669,5 за тонну.

Urals CIF Rotterdam was assessed at Dated Brent minus $3.645/b on Feb. 15, recovering somewhat from near term lows but still around the lowest level since the pandemic-led demand collapse of summer 2020

Brent fell $2.65, or 2.8%, to $93.83 a barrel, WTI dropped $2.82, or 3%, to $92.64 a barrel.

Brent was down 12 cents, or 0.1%, at $94.32 a barrel, WTI rose 1 cent, or less than 0.1%, to $93.11 a barrel.