Yemen’s Iran-aligned Houthi group said it attacked two plants at the heart of Saudi Arabia’s oil industry on Saturday, knocking out more than half the Kingdom’s output, in a move expected to send oil prices soaring and increase tensions in the Middle East.

Brent rose 40 cents, or 0.6%, to $62.78 a barrel , WTI were up 37 cents, or 0.6%, to $57.77 a barrel.

Brent crude oil spot prices averaged $59 per barrel (b) in August, down $5/b from July and $13/b lower than the average from August of last year. EIA forecasts Brent spot prices will average $60/b in the fourth quarter of 2019 and $62/b in 2020. EIA forecasts that West Texas Intermediate (WTI) prices will average $5.50/b less than Brent prices in 2020.

«Мы высоко ценим сложившийся диалог между Россией и Саудовской Аравией и уверены, что нужно продолжать наше взаимодействие. Мы нацелены на развитие двустороннего сотрудничества»

OPEC oil output averaged 29.71 million b/d in August, up 230,000 from July as production increases in Saudi Arabia, the UAE, Nigeria and Iraq offset declines in Venezuela and Libya,

Iraqi crude production rose to 4.65 million b/d in August, from 4.62 million b/d in July, the country's State Oil Marketing Organization said Monday, meaning the country pumped 140,000 b/d more than its OPEC quota of 4.51 million b/d.

Brent was up 67 cents or 1.07% at $63.26 a barrel, WTI were up 63 cents, or 1.09%, at $58.48 a barrel.

Brent was up 6 cents at $61.01 a barrel, WTI was up 5 cents at $56.35 a barrel.

Brent was up 17 cents at $60.87 a barrel, U.S. West Texas Intermediate (WTI) crude rose 1 cent to $56.27.

Brent was up $1.55, or 2.66%, at $59.81 a barrel, West Texas Intermediate futures CLc1 gained $1.56, or 2.66%, to $55.50 a barrel.

Brent was down 47 cents at $58.19 a barrel, WTI was down 65 cents, or 1.19%, at $54.45 a barrel

“OPEC can no longer ignore Russia because of its importance as an oil exporter and its economy,” said Elina Ribakova, deputy chief economist at the Institute of International Finance in Washington. “The Russians will continue doing just enough to engage with the Saudis on oil production.”

Средняя цена нефти марки Urals по итогам января – августа 2019 года составила $ 64,54 за баррель.

Brent crude slipped 22 cents, or 0.4%, to $59.03 a barrel, while WTI was down 2 cents at $55.083 at barrel.

In June 2019, for the 26th consecutive month, dry natural gas production increased year to year for the month. The preliminary level for dry natural gas production in June 2019 was 2,735 billion cubic feet (Bcf), or 91.2 Bcf/d. This level was 9.4 Bcf/d (11.5%) higher than the June 2018 level of 81.8 Bcf/d.