- OPEC has said via Twitter that a Wall Street Journal (WSJ) published on October 2 – which mentioned that Saudi Arabia expected Oil prices could fall to $50 per barrel if OPEC members fail to uphold their production cuts – was “inaccurate and misleading”.
- Russia’s own data show its crude production in September fell just below its monthly target under the OPEC deal, according to people familiar with figures from the country’s Energy Ministry. Russia allegedly produced 8.97 million barrels a day last month, Reuters reports.
- The US Energy Information Administration (EIA) reported a surprise build of 3.889 million barrels on Wednesday against an expected drawdown of 1.25 million barrels.
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