Brent crude was down 46 cents, or 0.8%, at $60.84 a barrel at 0639 GMT, after rising 4.7% on Tuesday, the biggest percentage gain since December. U.S. oil was down 62 cents, or 1.1%, at $56.48 a barrel, having risen 4% the previous session, the most in just over a month.

For the first seven months of 2019, Chinese crude throughput rose 5.6% from a year earlier to 369.73 million tonnes, or 12.73 million bpd, the NBS reported.

Oil, gas and petrochemical projects, valued at more than US $859 billion, are either underway or planned in the Middle East and North Africa, MENA, of these US $283 billion are projects are being implemented, as the region gets ready to meet the forecast increases in demand for energy over the next two decades.

Coal currently makes up around 60% of the country’s energy mix versus about 5% from geothermal power, according to data from state utility company PT Perusahaan Listrik Negara (PLN).

Iberdrola will receive 1.63 billion pounds ($2 billion) for the 40% stake

Australia will give A$500 million ($339 million) to Pacific island nations for renewable energy projects and to help them prepare for the impact of climate change

Brent crude futures were down 20 cents or 0.3% from the previous settlement at $58.29, WTI futures were at $54.69 per barrel

«Учитывая растущий спрос на природный газ на индийском рынке и перспективы развития новых СПГ-проектов, взаимодействие между Группой «Газпром» и индийскими партнерами в области торговли СПГ приобретает стратегический характер. Компания «НОВАТЭК» заинтересована в привлечении индийских партнеров к проекту Арктик СПГ-2, а также заключении контрактов на поставку СПГ с завода Арктик СПГ-2», - подчеркнул заместитель Министра.

Russia’s Novatek is interested in supplying liquefied natural gas (LNG) from its Arctic LNG-2 project to Indian companies, Russian Deputy Energy Minister Anton Inyutsyn was quoted as saying by the ministry’s website on Monday.

"Russian imports are expected to rise month on month in August," it said. "A significant amount of ESP sales for August delivery for both northwest Europe and Central and Eastern Europe is expected to counteract the effect of reduced contractual nominations."