Reconfirm the production adjustment plan and the monthly production adjustment mechanism approved at the 19th OPEC and non-OPEC Ministerial Meeting and the decision to adjust upward the monthly overall production by 0.432 mb/d for the month of June 2022, as per the attached schedule.

Brent was up 36 cents, or 0.3%, at $110.50 a barrel, WTI rose 4 cents, or less than 0.1%, to $107.85.

The price of OPEC basket of thirteen crudes stood at $110.83 a barrel on Wednesday,

Five OPEC+ delegates said the group was set to agree to increase its June output target by 432,000 barrels per day, in line with its existing plan to unwind output curbs made during the worst of the COVID-19 pandemic in 2020.

U.S. commercial crude oil inventories increased by 1.3 million barrels to 415.7 million barrels.

Brent rose $2.94, or 2.8%, to $107.91 a barrel, WTI rose $3.02, or 3%, to $105.43 a barrel.

The price of OPEC basket of thirteen crudes stood at $109.80 a barrel on Tuesday

Urals has been trading at record-lows in recent weeks, with some deals being done at discount of almost $40/b to the Platts Dated Brent crude oil benchmark.

U.S. Rig Count is up 3 from last week to 698 , Canada Rig Count is down 6 from last week to 95.

Brent rose 88 cents, or 0.8%, to $108.47 a barrel, WTI gained 55 cents, or 0.5%, to $105.91 a barrel.

ExxonMobil holds a 30% stake in Sakhalin 1. Other partners include Rosneft with 20%, Japan's Sodeco with 30% and India's ONGC Videsh with 20%.

U.S. commercial crude oil inventories increased by 0.7 million barrels to 414.4 million barrels.

Brent were up 17 cents, or 0.2%, at $105.49 a barrel, WTI gained 26 cents, or 0.3%, to $102.28.

The price of OPEC basket of thirteen crudes stood at $105.33 a barrel on Wednesday,

Gas distributors in Germany, Austria, Hungary and Slovakia are planning to open rouble accounts at Gazprombank in Switzerland in order to satisfy a Russian requirement for payments in its own currency