Russia returned as the top supplier to China's independent refineries in January -- overtaking Malaysia -- with arrivals amounting to 2.77 million mt, up 45.7% from the previous month.

During 2021, twenty five of the region's leading banks collectively provided $55 billion to energy companies planning to expand oil and gas production,

U.S. Rig Count is up 22 from last week to 635, Canada Rig Count is up 1 from last week to 219.

Brent fell 58 cents, or 0.6%, to $90.83 a barrel, WTI declined 45 cents, or 0.5%, to $89.43 a barrel.

In 2022, oil demand growth is expected at 4.2 mb/d unchanged from last month, with OECD and non-OECD projected to grow by 1.8 mb/d and 2.3 mb/d, respectively.

В ходе переговоров обсуждались ключевые проекты и текущее развитие отношений государств в топливно-энергетической сфере, в том числе в части добычи и транспортировки нефти и природного газа.

Brent rose 34 cents, or 0.4%, to $91.89 a barrel, WTI was at $90.17 a barrel, up 51 cents, or 0.6%.

U.S. commercial crude oil inventories decreased by 4.8 million barrels from the previous week to 410.4 million barrels.

Brent down 8 cents, or 0.1%, to $90.70 a barrel, WTI was at $89.18 a barrel, down 18 cents, or 0.2%.

This dynamic leads to rising global oil inventories from 2Q22 through the end of 2023, and the Brent spot price will fall to an average of $87/b in 2Q22 and $75/b in 4Q22. The Brent price will average $68/b for all of 2023.

We are targeting our production capacity to become 13.4, 13.5 million barrels a day by 2027.

Brent was down 73 cents, or 0.8%, at $91.96 a barrel, WTI fell 52 cents, or 0.6%, at $90.80.

During the visit of the delegation headed by the President of the Russian Federation Vladimir Putin to Beijing (PRC), negotiations were held between PJSC Rosneft Oil Company and China National Petroleum Corporation (CNPC) and the Agreement was signed on the supply of 100 million tons of oil to China through Kazakhstan for 10 years.

Brent was down 2 cents at $93.25 a barrel, WTI fell 47 cents, or 0.5%, to $91.84 a barrel.

State-run oil giant Rosneft signed a 10-year supply deal with China's CNPC for supplies of 100 million mt, or 200,821 b/d, of crude. Russia's Gazprom signed a 10 Bcm/year gas supply deal with CNPC which will see Gazprom's pipeline supplies to China reach 48 Bcm.