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

China needs to foster new drivers of growth to address productivity challenges, intensify reforms and promote greater innovation in the economy, according to a new report jointly released by China’s Development Research Center of the State Council (DRC), China’s Ministry of Finance and the World Bank Group (WBG).

The U.S. Energy Information Administration (EIA) expects that U.S. wind capacity additions in both 2019 and in 2020 will be near the annual record level of additions set in 2012.

The Mohammed bin Rashid Al Maktoum Solar Park is the world’s largest single-site project to generate renewable energy. It will have a capacity of 5,000 megawatts (MW) by 2030 with investments of AED 50 billion. It is based on the independent power producer (IPP) model. This model contributed to world record prices for solar energy projects. According to a study published by Japan's Nikkei Asian Review, the UAE's interest in renewable energy production has contributed to its global cost reduction. Through its projects, the solar park will accelerate the shift towards adopting and using solar energy.

The U.S. current account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, narrowed by $8.0 billion, or 5.9 percent, to $128.2 billion in the second quarter of 2019, according to statistics from the U.S. Bureau of Economic Analysis (BEA). The revised first quarter deficit was $136.2 billion.

Azerbaijan's economy is continuing to recover from a banking crisis and recession. Real GDP growth reached 1.4 percent in 2018 and 2.4 percent in the first half of 2019, supported by increases in natural gas production and activity in the services sector.

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.

Brent gained $1.44 to $65.04 a barrel, WTI was up 89 cents at $59 a barrel.

в ходе разговора Владимир Путин и Мухаммед Бен Сальман Аль Сауд обсудили ситуацию на глобальном рынке углеводородов, в том числе ход реализации договоренностей в формате ОПЕК+, а также выразили обоюдный настрой на продолжение тесной координации в целях дальнейшей стабилизации мировых цен на нефть

Saudi Arabia on Wednesday announced it has joined the International Maritime Security Construct to secure the Mideast's waterways.