The companies could be at risk of U.S. sanctions under existing law if they do not stop work.

State-owned Qatar Petroleum is planning a to increase LNG production by 43% to 110 million mt/year by 2025, up from 77 million mt/year currently.

Brent climbed 22 cents, or 0.4%, to $55.88 a barrel. WTI gained 25 cents, or 0.5%, to $52.50 a barrel.

Government-owned Abu Dhabi National Oil Co. set Murban crude at a premium of 75 cents a barrel to the regional benchmark,

Over the past six weeks, the growth in US industrial gas demand has been fueled in large part by industries in the Northeast, Texas and the Southeast, which together account for over 60% of US industrial gas consumption.

The current trend suggests that Asia will remain the top destination for US LNG for months to come, following robust deliveries to the continent in 2020.

Brent were down 78 cents, or 1.4%, at $55.21 a barrel. WTI slipped 52 cents, or 1%, to $51.72 a barrel.

Средняя цена на нефть марки Urals в январе-декабре 2020 года сложилась в размере $41,73 за баррель, в январе-декабре 2019 года - $63,59 за баррель.

«В феврале, а также в марте Россия будет увеличивать добычу по 65 тыс. баррелей в сутки, суммарно это 130 тыс. баррелей к январскому уровню. Россия ответственно относится к сделке, мы выполняем её условия близко к 100% и полностью соответствуем тому, что заложено в соглашении, с учетом постепенного увеличения спроса», – отметил вице-премьер.

"The quick change in the market dynamics has taken Indian LNG buyers by surprise. A lot of Indian buyers can't afford to pay these prices. We will see demand destruction across various sectors,"

U.S. Rig Count is up 9 from last week to 360, Canada Rig Count is up 58 from last week to 117.

Brent climbed 83 cents, or 1.5%, to $55.21 a barrel. WTI gained 66 cents, or 1.3%, to $51.49.

Europe’s Euro STOXX 600 opened up 0.7%, with Frankfurt’s index up 0.8% after German industrial output and exports rose in November.

U.S. commercial crude oil inventories decreased by 8.0 million barrels to 485.5 million barrels.

Iraq had a 3.804 million b/d quota for December under the OPEC+ deal.