HE Mohammad Sanusi Barkindo, Secretary General of OPEC, and his GECF counterpart, HE Yury Sentyurin, signed the MoU in Moscow on the sidelines of Russian Energy Week.

“Rosneft has recently adjusted all the new contracts for export supplies to euros. We’ve been notified,” a trader at a company regularly buying from Rosneft told Reuters.

The Board of BP announced that, after a 40-year career with BP and over nine years as group chief executive, Bob Dudley, 64, has decided to step down as group chief executive and from the BP Board following delivery of the company’s 2019 full year results on 4 February 2020 and will retire on 31 March 2020.

India's annual trade surplus with the US has averaged about $20 billion in the past four years. The US this year has withdrawn preferential treatment on some Indian exports to the US, stepping up the pressure on New Delhi, while arguing that India has not provided equitable and reasonable access to its markets.

U.S. Rig Count is down 8 rigs from last week to 860, with oil rigs down 6 to 713, gas rigs down 2 to 146, and miscellaneous rigs unchanged at 1. Canada Rig Count is up 8 rigs from last week to 127, with oil rigs up 6 to 88 and gas rigs up 2 to 39.

Представитель Минэнерго сообщила, что сегодня в топливно-энергетическом балансе России более 60% приходится на долю безуглеродных или низкоуглеродных источников энергии. В части электроэнергетического баланса 75% выработки электроэнергии уже осуществляется на источниках с низкой удельной эмиссией парниковых газов, в том числе на атомных и гидроэлектростанциях. «По сути, топливно-энергетический и электроэнергетические балансы нашей страны уже сегодня соответствуют логике низкоуглеродного будущего», - заключила Анастасия Бондаренко.

Turkish President Tayyip Erdogan said on Friday it was impossible for Turkey to stop buying oil and natural gas from Iran, despite the threat of U.S. sanctions, and added that trade between the two countries would continue, according to broadcaster NTV.

«Мы активно взаимодействуем в многостороннем формате, в том числе в рамках усилий по стабилизации рынка нефти, а также по линии Форума стран-экспортеров газа. Российские компании ТЭК имеют многолетнюю историю успешного взаимодействия с венесуэльскими партнерами» - добавил Министр.

the U.S. Energy Information Administration (EIA) projects that world energy consumption will grow by nearly 50% between 2018 and 2050. Most of this growth comes from countries that are not in the Organization for Economic Cooperation and Development (OECD), and this growth is focused in regions where strong economic growth is driving demand, particularly in Asia.

Preliminary production figures for August 2019 show an average daily production of 1 647 000 barrels of oil, NGL and condensate, which is a decrease of 67 000 barrels per day compared to July.

Минприроды России произвело оценку запасов полезных ископаемых в натуральном и стоимостном измерениях по итогам 2018 года и их изменений относительно результатов оценки по итогам 2017 года.

Total U.S. petroleum demand of 21.5 mb/d was highest for any month since August 2005; Improved infrastructure helped increase supply and lower prices; Highest U.S. petroleum exports (8.1 mb/d) for the month of August; and Total inventories increased year-on-year for the ninth consecutive month.

U.S. Rig Count is down 18 rigs from last week to 868, with oil rigs down 14 to 719, gas rigs down 5 to 148, and miscellaneous rigs up 1 to 1. Canada Rig Count is down 15 rigs from last week to 119, with oil rigs down 11 to 82 and gas rigs down 4 to 37.

Brent crude oil daily average prices were 9% lower in second-quarter 2019 than in second-quarter 2018 and averaged $68 per barrel

Petronas Profit After Tax (PAT) rose 9.0 per cent to RM28.9 billion, from RM26.6 billion in the corresponding period last year. The improved results were delivered on the back of higher revenue, but the increase was partially offset by higher product costs.