Oil prices cooled on Wednesday as Saudi Arabia said full oil production would be restored by month’s end while caution ahead of an expected U.S. interest rate cut kept wider financial markets in tight ranges.

An Iranian tanker at the centre of a confrontation between Washington and Tehran is no longer recorded as heading for Turkey, Refinitiv Eikon shipping data showed on Monday, having switched to a Turkish destination at the weekend.

The incident with oil pollution in the Druzhba pipeline, in particular, affected Rosneft’s plans to reduce net debt in the second quarter of 2019, the oil company’s First Vice President Pavel Fedorov said during a conference call on Wednesday.

The Arc7 ice-class LNG tanker “Vladimir Rusanov” owned by Russian independent gas producer Novatek, transited the ice-covered part of the Northern Sea Route in only six days, setting a new record for independent passage via the route without ice-breaking support with cargo on board, Novatek said in a press release.

Russia was producing 10.52 mln barrels of oil per day in April 2019 and was ahead of Saudi Arabia by 7.35%, the state statistics service Rosstat reported on Tuesday.

Clearing export Druzhba oil pipeline will take at least 8 months, only after that it can reach its usual capacity.

Russia is ready to continue with its natural gas transit via the territory of Ukraine after 2019 based on economically profitable conditions and a just decision of court disputes.

Tatneft started receiving claims from European partners in connection with contamination of the Druzhba oil pipeline, chief executive of the oil producer Nail Maganov told reporters on Friday.