Russia's international reserves rose to USD520 billion in July 2019, the highest level since the global financial crisis, and will increase further to USD537 billion in 2019 and USD591 billion by 2021 supported by continued current account surpluses (5.2% of GDP in 2019 easing to 2.5% in 2021) and the sterilisation of above-budgeted oil revenues. Reserve coverage will rise to a robust 13.6 months of CXP by end-2019 and remain close to this level in 2020-2021, at more than double the forecast 'BBB' median. The international liquidity ratio (466% in 2019) is the highest in the 'BBB' rating category.

The Chinese economy is facing external headwinds and an uncertain environment. GDP growth slowed to 6.6 percent in 2018, driven by necessary financial regulatory reforms and softening external demand. Growth is projected to moderate to 6.2 percent in 2019 as the planned policy stimulus partially offsets the negative impact from the US tariff hike on US$ 200 billion of Chinese exports. Headline inflation rose due to rising food prices and is expected to remain around 2½ percent.

Brent crude futures were at $57.80 a barrel by 0854 GMT, up 42 cents from their previous settlement. West Texas Intermediate (WTI) futures were at $52.80 per barrel, up 26 cents.

Aramco signed a letter of intent to take a 20% stake in Reliance’s oil-to-chemicals business in one of the largest ever foreign investments in India, Reliance announced.

Occidental Petroleum Corporation ("Occidental" or "the Company") (NYSE: OXY) today announced the successful completion of its acquisition of Anadarko Petroleum Corporation ("Anadarko") (NYSE: APC) in a transaction valued at $55 billion, including the assumption of Anadarko’s debt.

The new cost estimate of $60 billion for the refinery was given to Saudi Arabia’s energy minister Khalid al-Falih at a meeting with Indian Oil Minister Dharmendra Pradhan last month in New Delhi, said the four sources familiar with the talks between the two ministers.

МИНПРОМТОРГ РОССИИ - Российские компании выразили интерес к реализации в Индонезии инфраструктурных и энергетических проектов, а также к увеличению товарооборота между странами. По итогам форума сторонами был подписан меморандум о взаимопонимании.

МИНФИН РОССИИ - Ожидаемый объем дополнительных нефтегазовых доходов федерального бюджета, связанный с превышением фактически сложившейся цены на нефть над базовым уровнем, прогнозируется в августе 2019 года в размере +237,0 млрд руб.

МИНФИН РОССИИ - По состоянию на 1 августа 2019 г. объем ФНБ составил 7 867 695,5 млн. рублей (7,2% ВВП), что эквивалентно 124 137,1 млн. долл. США,

Россия высоко ценит сложившийся с Саудовской Аравией диалог и считает необходимым продолжать столь интенсивное взаимодействие, отметил Александр Новак в рамках встречи.

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $55.2 billion in June, down $0.2 billion from $55.3 billion in May, revised.

Exxon Mobil Corporation announced estimated second quarter 2019 earnings of $3.1 billion, or $0.73 per share assuming dilution, compared with $4 billion a year earlier.

Exxon Mobil Corporation announced estimated second quarter 2019 earnings of $3.1 billion, or $0.73 per share assuming dilution, compared with $4 billion a year earlier.

Accounting net income excluding non-recurring factors was US$ 1.3 billion and operating cash flow reached US$ 5.2 billion. Advances in pre-salt exploration, with lower lifting cost (US$ 6/boe) and better quality of oil, allowed adjusted EBITDA per barrel of oil equivalent (boe) in the exploration & production (E&P) business to reach US$ 33.50 in 2Q19 against US$ 29.50 last year, despite the drop in average Brent oil prices from US$ 71.0 to US$ 68.8.

ADNOC Distribution today reported that its first-half 2019 net profit increased by 4.3 percent, to AED1.173 billion, compared with the same period last year.