On the Multi Commodity Exchange, crude oil for delivery in November traded higher by Rs 20, or 0.7 per cent, at Rs 2,866 per barrel in 4,278 lots.
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Brent crude was up 12 cents, or 0.3%, at $40.58 a barrel by 0039 GMT, having dropped more than 3% overnight. U.S. oil was up 13 cents, or 03%, at $38.69 a barrel, after also declining more than 3% on Monday.
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Speaking in an online interview at CERWeek's India Energy Conference, Pouyanne said that retail fuel demand in Europe was "good" and almost at pre-pandemic levels in the third quarter of the year.
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Renaissance Capital estimated that in total, the finance ministry plans to source 6 trillion roubles ($78 billion) in tax revenues from the oil and gas sector in 2021, or 32% of its total 2021 budget revenues under a Urals oil price assumption of $45.3 per barrel.
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The plan is anchored by Wirth's $11.8 billion purchase this month of U.S.-based Noble Energy, which holds a stake of about 40% in the aptly-named Leviathan gas field in the Mediterranean Sea, off the coast of Israel.
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Brent crude was down by 53 cents, or 1.3%, at $41.24 by 0052 GMT. U.S. West Texas Intermediate (WTI) dropped 53 cents, or 1.3%, to $39.32, having fallen more than a dollar shortly after the start of trading.
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Brent crude was off 1 cent at $42.45 a barrel by 0040 GMT having risen 1.7% on Thursday, while U.S. oil was 2 cents lower at $40.62, following a 1.5% gain in the previous session.
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Brent crude futures retreated 21 cents, or 0.5%, to $41.52 a barrel after sliding 3.3% on Wednesday.
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Brent crude futures for December delivery were at $42.66 a barrel, down 50 cents, or 1.16%, as of 1027 GMT, while December U.S. West Texas Intermediate (WTI) crude futures slipped 56 cents, or 1.34%, to $41.14.
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Brent crude futures for December delivery were at $42.94 a barrel, down 22 cents, or 0.5%, as of 0035 GMT, while December U.S. West Texas Intermediate (WTI) crude futures slipped 23 cents, or 0.7%, to $41.47 a barrel.
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