Brent was up by 86 cents or 1% at $83.60 a barrel, WTI gained 89 cents or 1.1% to $82.16.

Reconfirm the production adjustment plan and the monthly production adjustment mechanism approved at the 19th OPEC and non-OPEC Ministerial Meeting and the decision to adjust upward the monthly overall production by 0.4 mb/d for the month of December 2021, as per the attached schedule.

To ensure domestic oil products supplies by preventing a significant drop in throughput, Chinese refineries had to draw crude inventory in October.

The Worldwide Rig Count for October was 1,504, up 56 from the 1,448 counted in September 2021,and up 488 from the 1,016 counted in October 2020.

U.S. commercial crude oil inventories increased by 3.3 million barrels from the previous week to 434.1 million barrels.

U.S. Rig Count is up 6 from last week to 550, Canada Rig Count is down 6 from last week to 160.

Brent fell $1.03, or 1.2%, to $83.69 a barrel, WTI umbled $1.30, or 1.6%, to $82.61 a barrel.

Brent gained 20 cents, or 0.2%, to $84.91 a barrel, WTI climbed 14 cents, or 0.2%, to $84.19.

Coal (including lignite) still dominates the energy mix with 60% in 2020, but its share is decreasing rapidly (-11% points since 2010).

Iraq's OPEC+ quota in October was 4.149 million b/d, up from 4.105 million b/d in September.

Exxon Mobil Corporation announced estimated third-quarter 2021 earnings of $6.8 billion, or $1.57 per share assuming dilution.

Brent dropped 46 cents, or 0.6%, to $83.26 a barrel, WTI slid 64 cents, or 0.8%, to $82.93.

Средняя цена на нефть марки Urals в январе-октябре 2021 года сложилась в размере $67,51 за баррель

“Together, OPEC and GECF can count on their respective competencies to ensure that the global economy heals after the devastation of coronavirus and that a reliable and secure energy supply serves humanity like never before,”

The Saudi Arabian Oil Company (“Aramco” or “the Company”) announced its third quarter financial results, recording a 158% year-on-year (YoY) increase in net income to $30.4 billion and declaring a dividend of $18.8 billion to be paid in the fourth quarter.