In 2019, natural gas spot prices at the national benchmark Henry Hub in Louisiana averaged $2.57 per million British thermal units (MMBtu), about 60 cents per MMBtu lower than in 2018 and the lowest annual average price since 2016.

The Norwegian Petroleum Directorate projects that the overall production of oil and gas in 2024 will be close to the record year 2004 – among other things due to Sverdrup and because the Johan Castberg field in the Barents Sea is scheduled to come on stream in 2022.

Russia is poised to officially open its TurkStream natural gas pipeline on Wednesday, further diversifying export routes to Europe amid a backlash from the U.S.

Capital expenditures were $75 billion in third-quarter 2019, 9% lower than in third-quarter 2018.

China's LNG growth rate has almost halved to 27pc for 2018-19 and the signs are that growth is continuing to decelerate.

The preliminary level for dry natural gas production in October 2019 was 2,952 billion cubic feet (Bcf), or 95.2 Bcf/d.

Foreign direct investments (FDI) into Oman jumped to $30.26bn (RO11.65bn) in Q2 2019, up 13.3% from the same period in 2018, when it got $26.7bn (RO10.29bn) in FDI, according to the National Centre for Statistics and Information. Investment into manufacturing reached $4.15bn (RO1.6bn) in Q2 2019,

U.S. Rig Count is down 9 rigs from last week to 796, Canada Rig Count is down 14 rigs from last week to 85

Last week, Russia and Ukraine announced the terms of a new gas transit deal under which Moscow will supply Europe for at least five years via its former Soviet neighbor and pay a $2.9 billion settlement to Kiev to end a legal dispute.

The project, expected to start up in 2024, will increase Nigeria's LNG output capacity by 35% from current levels of 22.5 million mt per year to over 30 million mt per year, NLNG said.