Schlumberger Announces Third-Quarter 2019 Results Worldwide revenue of $8.5 billion increased 3% sequentially GAAP loss per share, including charges of $8.65 per share, was $8.22 Cash flow from operations was $1.7 billion and free cash flow was $1.1 billion

U.S. Rig Count is down 21 rigs from last week to 830, Canada Rig Count is up 4 rigs from last week to 147

Brent was down 18 cents, or 0.3%, at $61.49, WTI was down 21 cents, or 0.4%, at $56.02.

In the first half of 2019, the United States exported 5.47 million barrels per day (b/d) of petroleum products, an increase of 19,000 b/d (0.3%) from the first half of 2018 and the slowest year-over-year growth rate for any half year in 13 years.

City gas demand is likely to experience rapid growth over the next 10-15 years, driven by consumption growth from heating and the public sector. This growth will be supported by China's growing urbanization and urban gasification, which are expected to exceed 70% within the next decade, up from 59.7% and 50.9% at the end of 2018, respectively.

In June 2019, the Chinese government introduced a subsidy program that established new incentives for production of natural gas from tight formations and extended existing subsidies for production from shale and coalbed methane resources. This subsidy is scheduled to be in effect through 2023. In addition to the changes in the subsidy program, the government allowed foreign companies to operate independently in the country’s oil and natural gas upstream sector.

After threatening last week to increase the US tariff on imports of Turkish steel to 50%, President Donald Trump said Wednesday he had instructed the Department of the Treasury to lift all sanctions imposed on Turkey in light of a pause in the latter country's military operations in northeastern Syria -- but some saw the initial threat as hollow and of no major impact on Turkey-US steel trade flows.

Globally, nuclear power is a leading source of clean electricity today - second only to hydro - but many nuclear power plants in advanced economies are facing retirement as they approach the end of their original 40-year design lifetime, Birol said. Without additional lifetime extensions or new projects, nuclear capacity in advanced economies - primarily in the USA, the EU and Japan - would decline by two-thirds by 2040, substantially as a result of political issues and inadequate market design, he added.

the world’s total renewable-based power capacity will grow by 50% between 2019 and 2024. This increase of 1,200 gigawatts – equivalent to the current total power capacity of the United States

Brent were down 25 cents, or 0.43%, to $59.45 a barrel , WTI for December delivery fell 32 cents, or 0.59%, to $54.16 per barrel

The impact of the dual TurkStream (TS) natural gas pipeline will be significant in changing the region's gas flow patterns

Europe looks set for more LNG imports in the near term as the TTF and NBP prompt months are due to retain premiums to the JKM spot price amid the rising charter costs to Japan and South Korea, traders say.

Global growth remains subdued, reflecting the softening pace of investment and trade. Downside risks persist due to continued policy uncertainty, trade tensions, financial volatility, and rising debt.

The bonds have rallied to their highest since April 2018 as money managers turn more sanguine about the state oil firm following a $7.5 billion bond sale to refinance its debt, potentially staving off another ratings downgrade. Pemex’s dollar-denominated bonds maturing in 2027 jumped 14% from their November low to 105.4 cents on the dollar, climbing for an eighth consecutive day on Tuesday.

Brent crude LCOc1 was down 57 cents at $58.85 a barrel, WTI crude oil CLc1 declined 39 cents to $53.39 a barrel.