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Following the Saudi statement, Moscow also announced it would continue its additional voluntary supply cut of 300,000 bpd from its crude oil and petroleum product exports until the end of December.
Saudi Arabia confirmed on Sunday it would continue with its additional voluntary cut of 1 million barrels per day (bpd) in December to keep output around 9 million bpd, a ministry of energy source said.
Asian winter power demand attracting HSFO cargoes.
Minyak mentah berjangka Brent untuk pengiriman November melemah 44 sen atau 0,6 persen ke US$79,09 per barel, setelah mencapai level tertinggi sejak Oktober 2018 di US$80,75 per barel.
Penurunan harga TBS ini disebabkan oleh faktor internal dan faktor eksternal. Faktor internal turunnya harga TBS periode ini disebabkan oleh terjadinya kenaikan dan penurunan harga jual CPO dan harga kernel dari beberapa perusahaan yang menjadi sumber data.