China natural gas production should increase by 7% to 186 bcm in 2020.

Brent rose 17 cents, or 0.3%, to $51.37 a barrel. WTI increased 10 cents, or 0.2%, to $48.22.

U.S. commercial crude oil inventories decreased by 0.6 million barrels to 499.5 million barrels.

China Oil & Gas Pipeline Network Corp. is part of an effort by President Xi Jinping’s government to consolidate the nation’s major pipelines and other midstream facilities into a single firm, intended to boost competition among drillers and downstream oil and gas sellers. The entity officially started operations in October.

U.S. Rig Count is up 2 from last week to 348, Canada Rig Count is down 20 from last week to 82

Brent were down 38 cents, or 0.8%, to $49.70 a barrel . WTI fell 40 cents, or 0.9%, to $46.62 a barrel.

"Экономические отношения между Россией и Ираном не только не утратили прежней динамики, но и приобрели ещё более активный и содержательный характер"

"Iran and Russia have always had close and growing cooperation in the field of oil and energy, and this cooperation will continue,"

Iranian Oil Minister Bijan Namdar Zanganeh said his country welcomes the Russian companies’ investment making in its oil sector

Shale producers were hit hard after borrowing to expand production and slashed spending and output to cut losses.

Gazprom's overall amount of investments for 2021: RUB 902.413 billion. This budget will provide for a full coverage of Gazprom's liabilities without a deficit.

Brent were down 88 cents, or 1.7% to $50.03 a barrel. WTI fell 92 cents, or 1.9%, to $47.05 a barrel.

"The OPEC+ deal has been with us for almost nine months and will continue until April 2022, but it can be extended until the end of 2022," Prince Abdulaziz said, adding that market skeptics and speculators will remain "on their toes".

Brent was down $2.06, or 3.9%, to $50.20 a barrel. WTI was down $1.95, or 4%, to $47.15 a barrel.

"Today, my friend and colleague and I discussed cooperation in the OPEC+ multilateral format, and joint action and coordination in the international market.