the U.S. total drilling for the year will definitely be the lowest since before 1940.

Brent was down 33 cents, or 0.8%, at $42.82 a barrel, WTI was down 38 cents, or 0.9%, to $40.73 a barrel.

2021 world oil demand is now forecast to grow by 6.6 mb/d, some 0.4 mb/d lower compared with the previous month’s assessment to average 96.9 mb/d.

U.S. Rig Count is up 1 from last week to 255, Canada Rig Count is up 12 from last week to 64

Brent was up 18 cents at $43.48 a barrel , WTI rose 17 cents to $41.14.

The Committee reviewed the crude oil production data for August 2020 and welcomed the positive performance in overall conformity for participating OPEC and non-OPEC countries of the DoC, which was recorded at 102% in August 2020, including Mexico as per the secondary sources.

Energy minister Alexander Novak said Russia "greatly values cooperation with OPEC," and that while overall compliance with the cuts is high, "I would like to urge everyone to view this very seriously and stick to the high level of conformity we were able to achieve."

Brent was down 22 cents, or 0.5%, to $42.00 a barrel , WTI fell 28 cents, or 0.7%, to $39.88 a barrel.

ADNOC plans a 30% cut in October term volumes for all of its crude grades

Brent rose 85 cents, or 2.1%, to $41.38 a barrel, WTI rose 92 cents, or 2.4%, to $39.20.

Brent was up 44 cents, or 1.1%, at $40.05 a barrel, WTI were up 52 cents, or 1.4%, at $37.78 a barrel.

Crude oil production from the major US onshore regions is forecast to decrease 68,000 b/d month-over-month in September from 7,708 to 7,640 thousand barrels/day, gas production to decrease 428 million cubic feet/day from 81,026 to 80,598 million cubic feet/day .

In 2019, 80% of U.S. domestic energy production was from fossil fuels, and 80% of domestic energy consumption originated from fossil fuels.

China's crude oil throughput hit an all-time high of 14.14 million b/d in June before edging down 0.4% to 14.08 million b/d in July.

ADNOC launched this placement due to significant investor demand for ADNOC Distribution stock and has delivered the largest block placement of a publicly listed GCC company to date.