US energy companies cut eight oil rigs last week, to 729, in the biggest reduction since May 2016
Saudi Arabian Crown Prince Mohammed bin Salman last week backed extending production cuts by the Opec
Iraq's Kurdistan briefly shut down some 350,000 barrels per day (bpd) of production from major fields Bai Hassan and Avana due to security concerns
Oil prices rose as Saudi Arabia announced it would further curtail oil exports,
US refinery utilization was expected to rise 3.6 percentage points from 83.2 percent of total capacity in the week ended Sept. 15
The hurricane knocked out power to nearly 4 million homes and businesses in Florida
US crude futures were down 59 cents, or 1.19 per cent, at $48.99 per barrel
Crude futures had been lower in early trade before the jobs report spurred buying
NYMEX crude for September delivery fell 20 cents to $45.57 a barrel
China imported 8.55 million bpd of oil in the H1 of 2017, up 13.8% on the same period in 2016
Russia says ready to consider revising output deal parameters
The dollar fell 0.1% against a basket of six major currencies
Rising US oil output, mostly from shale drillers, contributing to ineffectiveness of Opec-led cuts
Crude prices have fallen about 12 per cent since May 25
On the other hand, production in the US has also jumped by 10% over the past year to 9.33 mn bpd
Crude inventories decreased by 1.7 million barrels
Crude prices have fallen by more than 10% since late May, pulled down by a supply glut
Saudi Arabia, the world's top oil exporter, to cut production by 1.8 million barrels per day
Crude prices continued on their downward spiral following Opec's decision to extend output cuts
Petronet says no impact on Qatar LNG