Oil

Reduced Saudi oil imports tend to reflect in lower weekly U.S. inventories.

US crude production reached another record last week. at 11.7 million barrels per day.

The Saudi tactic to send reduced volumes to the States succeeded last year.

While OPEC considers withholding supply. U.S. crude oil production reached another record last week.

OPEC last sought to drive out shale producers by flooding the market with oil in 2014.

The flows resumed on Friday at a modest level of around 50.000-60.000 barrels per day.

Rosneft will work on increasing its market share if oil prices drop.

Iran is the third-largest producer of the oil cartel OPEC. providing more than 2 percent of global oil output.

Crude production from members of the Organization rose by 127.000 barrels a day in October.

The rig count is an indicator that U.S. crude production will increase further.