However, over the past two years, global investment in renewable energy has been on the decline. Global investment in renewable energy peaked in 2017 at $326.3 billion, and in 2018 fell by 11.5% to $288.9 billion,

A project to demonstrate the production of hydrogen in integrated energy systems at US nuclear power plants is one of three selected by the US Department of Energy (DOE) to receive a share of USD15 million in its latest announcement of project selectees.

U.S. Rig Count is down 12 rigs from last week to 886, with oil rigs down 5 to 733, gas rigs down 7 to 153, and miscellaneous rigs unchanged at 0. Canada Rig Count is down 13 rigs from last week to 134, with oil rigs down 9 to 93 and gas rigs down 4 to 41.

Brent rose 40 cents, or 0.6%, to $62.78 a barrel , WTI were up 37 cents, or 0.6%, to $57.77 a barrel.

Brent crude oil spot prices averaged $59 per barrel (b) in August, down $5/b from July and $13/b lower than the average from August of last year. EIA forecasts Brent spot prices will average $60/b in the fourth quarter of 2019 and $62/b in 2020. EIA forecasts that West Texas Intermediate (WTI) prices will average $5.50/b less than Brent prices in 2020.

«Мы высоко ценим сложившийся диалог между Россией и Саудовской Аравией и уверены, что нужно продолжать наше взаимодействие. Мы нацелены на развитие двустороннего сотрудничества»

«Мы живем во время стремительных технологических перемен. Развитие мирового энергетического рынка сопровождается ускоренным развитием технологий. Интерес энергетической отрасли к технологиям подтверждает и тот факт, что объем сделок по финансированию стартапов крупнейших нефтегазовых компаний в 2017 году был максимальным за всю историю», - рассказал Антон Инюцын в своем докладе.

OPEC oil output averaged 29.71 million b/d in August, up 230,000 from July as production increases in Saudi Arabia, the UAE, Nigeria and Iraq offset declines in Venezuela and Libya,

Iraqi crude production rose to 4.65 million b/d in August, from 4.62 million b/d in July, the country's State Oil Marketing Organization said Monday, meaning the country pumped 140,000 b/d more than its OPEC quota of 4.51 million b/d.

Brazil has announced the rules for an auction of oil drilling rights worth $26bn, setting the stage for Latin America’s top crude producer to become an even bigger player in the global market.