Brent was down 69 cents, or 1.1%, at $61.82, WTI was 63 cents, or 1.1%, lower at $56.61 a barrel

Speaking in the southern province of Yazd on Sunday, Dr. Rouhani said that the field’s reserves were estimated to contain 53 billion barrels of oil in place.

China has been relying heavily on Saudi Arabia and Russia for its refinery feedstock requirements over the recent years, with both producers constantly switching between them the top supplier position to Asia's biggest energy consumer.

Trader estimates for cargoes loading from Iran bound for China in November generally ranged between seven and 10. Some said the number was lower at six to seven, while one source said it did not exceed nine.

Energy demand in Africa grows twice as fast as the global average, and Africa’s vast renewables resources and falling technology costs drive double-digit growth in deployment of utility-scale and distributed solar photovoltaics (PV), and other renewables, across the continent.

U.S. Rig Count is down 5 rigs from last week to 817, Canada Rig Count is down 2 rigs from last week to 140,

Brent was down 44 cents, or 0.7%, at $61.85 a barrel, WTI was down 50 cents, or 0.9%, at $56.65 a barrel.

Saudi Aramco signed crude oil sales agreements for 2020 with five Chinese customers, increasing total volume by 151,000 barrels per day compared to their 2019 supply contracts.

The EBRD expects Turkey’s economy to start growing again in the second half of 2019, although a mild contraction is expected for the year as a whole.

Ukraine's GDP growth is set to stay at 3.3 per cent in 2019 (a repeat of the 2018 result) and will accelerate slightly to 3.5 per cent in 2020.

The worldwide rig count for October 2019 was 2,123, down 18 from the 2,141 counted in September 2019, and down 148 from the 2,271 counted in October 2018.

Saudi Aramco’s vision is to be the world’s pre-eminent integrated energy and chemicals company.

Brent stood at $62.58 a barrel , WTI fell 30 cents, or 0.5%, to $56.93 per barrel,

Global demand for energy is forecast to increase from nearly 286 million barrels of oil equivalent a day (mboe/d) in 2018 to more than 357 mboe/d in 2040, with average growth of about 1% p.a. In this period, energy demand in non-OECD countries is expected to increase by almost 75 mboe/d, while demand in the OECD is estimated to drop by around 3 mboe/d.

OPEC’s production of crude oil and other liquids is expected to decline to 32.8 million barrels per day (bpd) by 2024,