Conformity with the voluntary production adjustments remains high, 136% in the month of August. However, the JMMC reemphasized the core principles underpinning the DoC, namely, equity, fairness and transparency, and urged all participating countries to intensify their efforts in pursuit of full and timely conformity with their voluntary production adjustments.

World oil demand in 2019 is expected to grow by 1.02 mb/d, which is 0.08 mb/d lower than last month’s projection. The drop can be attributed to weaker-than-expected data in 1H19 from various global demand centres and slower economic growth projections for the remainder of the year. Both OECD and non-OECD demand growth forecasts were revised lower, by 0.03 mb/d and 0.05 mb/d, respectively. In 2020, world oil demand is projected to increase by 1.08 mb/d.

U.S. EIA - Crude oil production from the major US onshore regions is forecast to increase 74,000 b/d month-over-month in September from 8,769 to 8,843 thousand barrels/day, gas production to increase 469 million cubic feet/day from 81,893 to 82,362 million cubic feet/day .

Al Mazrouei cited the recent visit by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to Indonesia, during which a number of business and investment cooperation agreements in areas of energy and infrastructure worth $10 billion were signed .

the Indian government wants state-run companies to build massive clean energy parks at a cost of around $2 billion each.

Emirates Water and Electricity Company (Ewec) has revealed that construction work on the 2,000MW solar plant in Al Dhafra region is under way, with the photovoltaic (PV) power project expected to be operational in the first quarter of 2022 taking Abu Dhabi’s solar capacity to 3,200MW.

The use of nuclear science and technology for peaceful purposes is to become more widespread in Southeast Asia following the signing of Practical Arrangements between the International Atomic Energy Agency (IAEA) and the Association of Southeast Asian Nations (ASEAN).

Brent crude futures, the international benchmark, rose as much as 19.5% to $71.95 per barrel, WTI futures climbed as much as 15.5% to $63.34

Для исполнения подобных планов потребуются немалые инвестиции в выработку электроэнергии, которые, как отметил Александр Новак, уже на сегодня фактически превысили суммарные инвестиции в добычу углеводородов.

Министерский комитет отметил, что уровень соблюдения участниками добровольных обязательств по корректировке объемов добычи остается на высоком уровне и составил в августе 136%.