The U.S. crude benchmark rose 2.9% to settle at $49.37 a barrel on the New York Mercantile Exchange, while the global Brent contract gained 3% to end at $50.65 a barrel on the ICE Futures Europe. Both contracts were rebounding after a six-day losing streak.

The California-based fund manager, which is among the largest shareholders of natural resources groups including BP Plc, Total SA, Glencore Plc and Chevron Corp. through dozens of funds, believes that $50 a barrel isn’t high enough to stimulate the increase in supply needed to meet future oil demand.

“Now is our chance, and we have a window of three or four years to act,” before the balance of supply and demand might change, said Ken Koyama, a managing director and senior economist at Japan’s Institute of Energy Economics, which advises the Japanese government on energy policy.

Since January, nearly $2 billion has been raised by Canadian non-oilsands producers on equity markets, but most of it has been geared to paying down debt or funding acquisitions, not for drilling new wells

"Рыночные инструменты работают. Общее недоинвестирование — порядка 550 миллиардов долларов за последние 3 года. Это огромный уход инвестиций. Мы видим даже риски того, что через несколько лет возникнет недостаток нефти из-за недоинвестирования и растущего спроса", - отметил Министр энергетики.

Стоимость добычи нефти в России – $2 за баррель. Увеличить добычу нефти в 2015 г. удалось благодаря новым проектам, которые были запущены с поддержкой государства. В России уникальная ресурсная база, отметил Сечин. Это позволит удержать добычу стабильной до 2035 г.

Gazprom's accumulated after-tax dividends will total USD 6.9 billion by 2045. Over the next 25 years, gas deliveries via Nord Stream 2 would be 2–2.7 times more economically efficient than the ones via Ukraine's GTS, which translates into USD 45–78 billion.

Russia’s oil industry is “very resilient,” BP Plc CEO Bob Dudley said in St. Petersburg on Thursday. The nation’s resources are competitively priced and floating the currency has been helpful for costs, he said while announcing a new exploration joint-venture with Rosneft.

U.S. Rig Count is up 10 rigs from last week to 424, with oil rigs up 9 to 337, gas rigs up 1 to 86, and miscellaneous rigs unchanged at 1. Canadian Rig Count is up 4 rigs from last week to 69, with oil rigs down 1 to 28, gas rigs up 4 to 40, and miscellaneous rigs up 1 to 1.

Brent crude futures' front-month contract LCOc1 settled up$1.98, or 4.2 percent, at $49.17 a barrel. The front-month in U.S. crude's West Texas Intermediate (WTI) futures CLc1 rose $1.77, or 3.8 percent, to settle at $47.98. It fell $1.80 in the previous session.

Crude oil prices rallied to a 2016 high above $51/bbl in June, stoked by continuing outages in Nigeria and Canada as well as a steady decline in US oil production. May marked the third straight month of average price rises in Brent and WTI futures.

The oil and gas industry will cut $1 trillion from planned spending on exploration and development because of the slump in prices, leading to slower growth in production.

We need tax policies that encourage investment in America’s abundant energy resources. It is because of our industry’s investments that the U.S. is the number one producer of oil and natural gas in the world while leading other countries in lowering carbon and other emissions. The industry also invests billions in low- and zero-emissions technologies to continue to drive down greenhouse gas emissions. This model has proven that we can protect the environment, grow our economy, and save consumers on average $1300 in energy costs per year.

В 2015 г., по данным МЭА, потребление газа в Китае выросло всего на 4% год к году – самый низкий показатель за 15 лет. Спрос на газ в Китае, прогнозирует МЭА, увеличится со 190 млрд куб. м в 2015 г. до 320 млрд куб. м в 2021 г. (в среднем на 9% в год).

Iran is regaining market share at a faster pace than analysts had projected since sanctions were lifted in January, helped by securing more tankers through a temporary shipping insurance fix.