Due to the COVID-19 pandemic, Serbia’s real GDP is projected to contract by 3 percent in 2020 and is expected recover next year with growth at 6 percent.

ROSNEFT Net income in 2Q 2020 amounted to RUB 43 bln

ROSNEFT 1H 2020 LIQUIDS PRODUCTION AMOUNTED TO 4.34 MMBPD UNDER NEW OPEC+ AGREEMENT

Since the start of COVID-19 pandemic, LUKOIL has been undertaking necessary measures to rule out the direct impact of the pandemic on the Group's operating activity,

Brent rose 6 cents, or, 0.1% to $45.70 a barrel, WTI fell 8 cents or 0.2% to $43.31 a barrel.

U.S. commercial crude oil inventories decreased by 4.7 million barrels to 507.8 million barrels,

China's importers likely reduced imports of lower-priced spot LNG cargoes in July, and made room for receiving the higher-priced contracted cargoes

Profits at China’s industrial firms grew 19.6% on-year to 589.5 billion yuan ($85.58 billion),

Nuclear power currently provides the second largest amount of low carbon electricity in the world (slightly behind hydro) and stands ready to do so much more.

Brent rose 2 cents to $45.88 a barrel , WTI fell 3 cents to $43.32.

Nuclear reactors generated a total 2657 TWh of electricity in 2019, up from 2563 TWh in 2018

The US' crude oil imports to China were last highest in January 2018 when inflows hit 2.01 million mt, or 474,450 b/d.

The U.S. economy slipped into recession in February. Gross domestic product contracted in the second quarter at its steepest pace in at least 73 years.

“Although the market remains uncertain, we saw encouraging signs in July with gradual rebalancing of oil supply and demand,” API Chief Economist Dean Forman said. “Increases in U.S. refinery throughput and capacity utilization in July – coupled with inventories receding from record highs – has reinforced expectations for the continued demand recovery.”

The German economy contracted at its steepest rate on record in the second quarter and the government is desperate to mitigate the effects of the pandemic as much as possible,