The Trump-Xi meeting in South Korea failed to impact oil markets, focusing on fentanyl over crude oil. OPEC+ is expected to modestly increase production by 137,000 b/d. Saudi Arabia may cut prices to multi-month lows. China and US suspend port fees. India continues to buy Russian oil. Gunvor to acquire Lukoil’s foreign assets. Mozambique challenges TotalEnergies’ LNG project budget. China’s teapots increase refinery runs. Nigeria approves a 15% fuel import tax. Greenland oil drilling potential estimated at 13 billion barrels. Brazil partners with Colombia for gas production. Henry Hub gas prices surge on growing LNG exports. Qatar signs 17-year LNG agreement with India. Kuwait sells extra crude to Asia after refinery outage. Copper hits record high before easing on stronger dollar.

Read more at Yahoo Finance: Oil Prices Unmoved by Trump-Xi Meeting