High and rising inequalities of opportunities and outcomes pose risks to global growth, economic stability and social cohesion and to the achievement of the Sustainable Development Goals more generally

At 427.8 million bbl, US crude oil inventories are at the 5-year average for this time of year

The world’s nuclear plants continue to perform excellently. Growth is strong, with more than 20 new reactors scheduled to be connected before the end of 2020. For the industry to reach the Harmony goal of supplying at least 25% of the world’s electricity before 2050, much greater commitment from policymakers will be required.

U.S. Real gross domestic product (GDP) increased at an annual rate of 2.0 percent in the second quarter of 2019, according to the "second" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 3.1 percent.

Profit attributable to owners of PJSC Gazprom amounted to RUB 836,497 million for the six months ended June 30, 2019 which is by RUB 205,693 million, or 33%, more than for the same period of the prior year.

Net profit attributable to owners of the Petrochina was RMB28,423 million, up 3.6% year-on-year.

Brent crude futures LCOc1 climbed 59 cents, or 1.0%, to $60.10 a barrel by 0652 GMT. West Texas Intermediate (WTI) crude futures CLc1 gained 70 cents, or 1.3%, to $55.63 a barrel.

Feedgas flows to US LNG export terminals reached a new record of 6.5 Bcf/d on Friday, subject to revisions, amid robust demand in Latin America and positive netback spreads that are expected to strengthen into October,

China's crude oil imports from Iran rose 4.7% month on month to 926,119 b/d in July, while the US ranked as the eighth largest crude supplier as shipments surged to a 13-month high of 362,364 b/d,

Coal use in the U.S. electric power sector has decreased as overall electricity demand has remained relatively flat and other fuels—particularly natural gas and renewables—have gained market share.

The Bab el-Mandeb Strait is a sea route chokepoint between the Horn of Africa and the Middle East, connecting the Red Sea to the Gulf of Aden and Arabian Sea. Most exports of petroleum and natural gas from the Persian Gulf that transit the Suez Canal or the SUMED Pipeline pass through both the Bab el-Mandeb and the Strait of Hormuz.

Brent was up 38 cents, or 0.64%, at $59.72 a barrel, WTI was up 54 cents, or 1%, at $54.71 a barrel.

Nigeria's oil production hovered around 2.2 million b/d in the first week of August, compared with around 1.92 million b/d a year ago.

Germany imported 20.0% more gas in the first half of 2019 than a year earlier and its import bill rose by 14.8%, official data showed.

Moody's Investors Service (Moody's) affirmed the Ba2 corporate family rating of Petroleo Brasileiro S.A. - PETROBRAS (Petrobras). Simultaneously, Moody's raised the company's baseline credit assessment (BCA) to ba2 from ba3. The actions were triggered by the company's continued success in improving its credit metrics and liquidity position. The rating outlook is stable.