Over January-September, Russian gas flows into Europe -- excluding the countries of the former Soviet Union in line with Gazprom's own sales data -- totaled 96.65 Bcm, down 22.2% year on year.

Iraq, OPEC's second-largest oil producer saw exports edge up to 3.063 million b/d in September from 3.023 million b/d in August, which was the lowest export rate since March 2015, data showed.

UAE, the OPEC producer pumped 2.693 million b/d in August, 103,000 b/d above its quota of 2.590 million b/d under the OPEC + supply accord, and a rise of 293,000 b/d from what the country reported in July, when its cap was 2.446 million b/d.

India's LNG demand for power generation has been robust this year as power plants looked to capitalize on record low LNG prices, helping boost margins at prevailing electricity prices.

Brent was up $1.20, or 3.1%, to $40.47 a barrel, WTI was $1.26, or 3.4%, higher at $38.31 a barrel.

The S&P/ASX 200 index .AXJO closed 2.6% higher at 5,941.6 points, starting the week on a firm note after a 2.9% drop last week.

U.S. Rig Count is up 5 from last week to 266, Canada Rig Count is up 4 from last week to 75

Brent was down $1.12, or 2.7%, at $39.81 a barrel, WTI was down $1.12, or 2.9%, at $37.60.

Средняя цена на нефть марки Urals в январе-сентябре 2020 года сложилась в размере $40,84 за баррель, в январе-сентябре 2019 года - $64,15 за баррель.

The United States grew to become the world’s largest oil producer at nearly 13 million barrels per day (bpd), led by shale companies.

Negative power prices have swept across Europe in the first nine months of 2020, with excess power in the market resulting in consumers being paid rather than charged to use electricity,

"If carbon pricing allows those renewables to have enough revenue because the value of emissions will now be compensated in the energy markets, there is no longer a need for above-market contracts from the states,"

Brent fell 17, or 0.4%, to $42.13 a barrel, WTI were down 22 cents, or 0.6%, at $40.

OPEC and 10 allies, including Russia, are in the midst of a historic production cut accord aimed at helping the oil market recover from the COVID-19 pandemic. The curbs initially started at 9.7 million b/d for May-July, before tapering to 7.7 million b/d from August through the end of the year.

U.S. commercial crude oil inventories decreased by 2.0 million barrels to 492.4 million barrels