The Australian government has presented a plan to boost gas supply and reduce energy prices,

net natural gas exports to continue increasing in the coming months primarily because of increasing U.S. LNG exports.

The delivery-price of trucked LNG in eastern China's Yangtze river delta, which is well supplied by LNG receiving terminals, rose to around Yuan 2,693/mt, or Yuan 1.95/cu m, in August, up by 10% from July,

Turkey's state-owned TPAO has drilled a handful of wells offshore Cyprus in the past year, and a seismic vessel has spent the past month surveying a large area in disputed waters between Cyprus and the Greek island of Crete.

Crude oil production from the major US onshore regions is forecast to decrease 68,000 b/d month-over-month in September from 7,708 to 7,640 thousand barrels/day, gas production to decrease 428 million cubic feet/day from 81,026 to 80,598 million cubic feet/day .

In 2019, 80% of U.S. domestic energy production was from fossil fuels, and 80% of domestic energy consumption originated from fossil fuels.

Shell’s new cost-cutting review, known internally as Project Reshape and expected to be completed this year, will affect its three main divisions and any savings will come on top of a $4 billion target set in the wake of the COVID-19 crisis.

“The Baltic Sea pipeline is above all in the interests of Germany and western Europe as we want to achieve the energy transformation,”

U.S. Rig Count is down 2 from last week to 254, Canada Rig Count is unchanged from last week at 52

EIA forecasts that consumption of petroleum and liquid fuels globally will average 93.1 million b/d for all of 2020, down 8.3 million b/d from 2019, before increasing by 6.5 million b/d in 2021.