Saudi Arabia is China's top crude supplier with most of the country's refineries designed to crack Middle East crudes.

U.S. Rig Count is up 2 from last week to 771, Canada Rig Count is down 6 from last week to 210.

Brent slipped 12 cents to trade at $92.26 a barrel, WTI were down by 11 cents to $84.40 a barrel.

U.S. commercial crude oil inventories decreased by 1.7 million barrels to 437.4 million barrels.

Brent rose $1.33, or 1.4%, to $93.74 a barrel, WTI rose $1.43, or 1.7%, to $86.98 per barrel.

На встрече стороны обсудили сотрудничество в сфере поставок нефти, газа и нефтепродуктов, в атомной энергетике, а также проектах по добыче полезных ископаемых.

Средняя цена на нефть Urals за период мониторинга с 15 сентября 2022 года по 14 октября 2022 года составила $70,2 за баррель, или $512,6 за тонну.

Taking into account the recent developments within the Oil Markets,it is safe to say that we are within the murky waters with very troubled vessels to act as a shield.

Preliminary production figures for September 2022 show an average daily production of 1 832 000 barrels of oil, NGL and condensate.

Brent rose 22 cents, or 0.2%, to $90.25 a barrel, WTI was at $83.50 a barrel.

The bloc’s eighth round of sanctions state that if a tanker owner transports Russian crude above an agreed price threshold, their ship would be prohibited from getting EU services needed to ship the commodity, such as insurance, “in the future.”

The UAE has expressed support for the statement by the Ministry of Foreign Affairs of the Kingdom of Saudi Arabia regarding reviewing the status of oil markets and reducing production, noting that the decision was collective and based on the vote of OPEC+.

Brent eased by 7 cents, or 0.08%, to $91.55 a barrel, WTI were down 12 cents, or 0.14%, at $85.34.

Стороны обсудили сотрудничество в сфере нефти, газа и электроэнергетики.

В частности, в ходе встречи стороны рассмотрели вопросы по дальнейшей реализации проекта «Пакистанский поток», перспективы взаимодействия в нефтегазовом сектор, подготовку к Межправительственной Российско-Пакистанской комиссии в начале 2023 года.