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.

Brent rose 81 cents, or 0.88%, to $92.44 a barrel, WTI was at $86.33 a barrel.

U.S. Rig Count is up 7 from last week to 769, Canada Rig Count is up 1 from last week to 216.

U.S. commercial crude oil inventories increased by 9.9 million barrels to 439.1 million barrels.

Brent rose 49 cents, or 0.5%, to $92.94 a barrel , WTI was up 37 cents, or 0.4%, at $87.64 a barrel.

Global oil demand for 2022 is now expected to grow by about 2.6 mb/d.

The Brent crude oil spot price averages $93 per barrel (b) in the fourth quarter of 2022 (4Q22) and $95/b in 2023.

Brent were down 2 cents, or 0.02%, to $94.27 a barrel, WTI was at $89.14 a barrel, down 21 cents, or 0.24%.

European authorities are on high alert for any signs of sabotage on energy infrastructure since the destruction of the Nord Stream gas pipelines last month.

Brent was down $1.63, or 1.7%, to $94.56 a barrel, WTI dropped $1.82, or 2%, to $89.31.

The OPEC+ alliance, co-chaired by Russia and Saudi Arabia, last week agreed to cut its production by 2 million barrels a day, the biggest reduction since 2020.