Natural gas and LNG is set to remain Petrochina's strategic business after it had agreed to transfer gas pipeline, storage facilities and LNG terminals to China Oil & Gas Piping Network Corp.,

Iraq is under US pressure to wean itself off Iranian electricity and gas imports, needed due to power shortages and flaring of associated gas, which is also bound by production limits due to the country's attempted adherence to OPEC+ production cuts.

Norway's preliminary production figures for July 2020 show an average daily production of 2 062 000 barrels of oil, NGL and condensate.

On an average daily basis, the CNOOC oil and gas production volume was up 5.5% from 1.34 million boe/d in the same period of last year.

Crude oil production from the major US onshore regions is forecast to decrease 19,000 b/d month-over-month in August from 7,577 to 7,558 thousand barrels/day, gas production to decrease 421 million cubic feet/day from 79,684 to 79,263 million cubic feet/day .

The U.S. total industrial production rose 3.0 percent in July after increasing 5.7 percent in June

In 2019, Iraq’s crude oil production averaged 4.7 mb/d.

Production of crude oil decreased in the United States in May 2020 by 1.99 million barrels per day (b/d)

Russia agreed to cut crude production over May to July by 2.5 million b/d from a baseline of 11 million b/d to 8.5 mil b/d under the OPEC+ agreement.

The U.S. preliminary level for dry natural gas production in May 2020 was 2,713 billion cubic feet (Bcf), or 87.5 Bcf/d.