Brent were down 3 cents at $63.36, WTI fell 9 cents to $58.34 a barrel.

overall real GDP growth in the GCC is estimated to drop to 0.8% this year compared with 2% last year.

Renewable energy sources alone are not capable of fully decarbonising the economy, but they can complement nuclear energy in achieving this goal. The nuclear industry, led by World Nuclear Association, has set the Harmony goal for nuclear energy to provide 25% of global electricity by 2050. This will require trebling nuclear generation from its present level.

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $47.2 billion in October, down $3.9 billion from $51.1 billion in September,

The market capitalization of five of the top 10 U.S. coal companies was sliced by more than half from early January to mid-November 2019.

Brent were up 44 cents, or 0.7%, at $61.26, WTI were up by 38 cents, or 0.7%, at $56.48.

To limit global temperature rise to the necessary 1.5 degrees by the end of this century, we must reduce emissions by 45 per cent from 2010 levels by 2030, and we must achieve climate neutrality by 2050.

The relaxing of curbs on coal power, combined with shrinking investment in solar and wind energy, have caused further alarm over carbon dioxide emissions in China.

They believe relentless US oil production growth will slow rapidly next year.

In the first nine months of 2019, US thermal exports were more than 10 million mt below the year-ago period's total, and vessel tracking data show October exports are expected to come in close to September levels.

The Saudi economy recorded its biggest increase in new work in more than four years in November according to a report from IHS Markit.

In total, the Saudi government plans to sell 0.5% of Aramco to individual investors and the remainder to domestic institutions and international firms registered in the kingdom, known as qualified foreign investors.

Russia, a key non-OPEC ally, has so far opposed deeper cuts or a longer extension. But Moscow has often taken a tough stance before every meeting before approving the policy. Sources said Saudi Arabia was working on convincing Russia.

Brent rose $1.20 to $61.69 a barrel, WTI crude added $1.05 to $56.22.

Russia agreed to reduce its output by 228,000 bpd to about 11.18 million bpd in 2019 as part of cuts by the group of producers, known as OPEC+, which agreed to cut their combined output by 1.2 million bpd or 1.2% of global demand.