BP - The 2019 edition of BP’s Energy Outlook, published today, explores the key uncertainties that could impact the shape of global energy markets out to 2040. The greatest uncertainties over this period involve the need for more energy to support continued global economic growth and rising prosperity, together with the need for a more rapid transition to a lower-carbon future.

REUTERS - Oil prices rose on Wednesday as producer club OPEC said it had cut supply deeply in January and as U.S. sanctions hit Venezuela’s oil exports.

WNN - Nuclear energy can help the European Union achieve a sustainable and low-carbon future while providing people with reliable and affordable electricity, Foratom - the European nuclear trade body - says in a new position paper.

PLATTS - "We have taken several measures to overhaul the hydrocarbon policy framework to ensure energy security for the country, while pursuing the green path to progress," petroleum minister Dharmendra Pradhan said.

WNN - A lack of available domestically produced nuclear fuel and delays in constructing and commissioning nuclear power plants, including first-of-a-kind plants and the Prototype Fast Breeder Reactor (PFBR), meant that India failed to meet its nuclear generation targets under the governmental plans over the decade to 2017.

IMF - The Dutch economy has performed very well in recent years. Growth is estimated at 2.6 percent in the 2018, owing to strong domestic demand and robust net exports.

REUTERS - U.S. West Texas Intermediate (WTI) crude futures were at $52.09 per barrel at 0347 GMT, down 63 cents, or 1.2 percent, from their last settlement. International Brent crude oil futures were down 49 cents, or 0.8 percent, at $61.61 a barrel.

PLATTS - "Imports of Russian crude oil and LNG do not go through any chokepoints such as the Strait of Hormuz. Therefore they are important for the diversification of Japan's energy import sources, and I hope that Russia will play an even larger role. I would like to continue working to expand our cooperation," Seko said.

IMF - the global economy will grow by 3.5 percent this year, 0.2 percentage points below what we expected in October. And risks are up, given escalating trade tensions and tightening financial conditions.

BHGE - U.S. Rig Count is up 4 rigs from last week to 1,049 rigs, with oil rigs up 7 to 854 and gas rigs down 3 to 195. Canada Rig Count is down 3 rigs from last week to 240, with oil rigs down 1 to 158 and gas rigs down 2 to 82.

REUTERS - U.S. West Texas Intermediate (WTI) crude futures stood at $52.17 per barrel by 0755 GMT, down 47 cents, or 0.9 percent, from their last settlement. International Brent crude oil futures were down by 48 cents, or 0.8 percent, at $61.15 per barrel.

PLATTS - OPEC pumped the fewest barrels since March 2015 in January, with crude output plunging to 30.86 million b/d, a fall of 970,000 b/d from December as new supply quotas went into force, according to an S&P Global Platts survey of industry officials, analysts and shipping data.

EIA - Total estimated consumption by the power, industrial, and residential/commercial sectors and total estimated natural gas exports—by pipeline and as feedstock to liquefied natural gas (LNG) facilities—reached 145.9 billion cubic feet (Bcf) on January 30, compared with the previous record of 143.9 Bcf set in 2018.

EIA - Recently announced U.S. sanctions directed at Venezuela’s energy sector and state oil company, Petróleos de Venezuela, S.A. (PDVSA), will essentially eliminate U.S. imports of Venezuelan crude oil as the full effects of the sanctions emerge. However, the U.S. Energy Information Administration (EIA) does not anticipate any significant decrease in U.S. refinery runs as a result of these sanctions.

PLATTS - LNG exports from Australia's east coast rose 9% month on month to 1.93 million mt in January, buoyed by strong sales to China and Japan, data from the Gladstone Ports Corporation showed Thursday.