July 2018

REUTERS - “The project will definitely be financed. It is important for Gazprom and Russia currently has a high liquidity in euros,” Paul Corcoran, the Nord Stream 2 CFO, told Welt am Sonntag in an interview.

IMF - The near-term outlook for the U.S. economy is one of strong growth and job creation. Unemployment is near levels not seen in 50 years, and growth is set to accelerate, aided by a fiscal stimulus, a recovery of private investment, and supportive financial conditions. These positive outturns have supported, and been reinforced by, a favorable external environment. The balance of evidence suggests that the U.S. economy is beyond full employment.

IEA - “Nuclear power is continuing to play an important role in electricity security along with other conventional generating technologies,” said IEA Executive Director Dr Fatih Birol in his opening remarks. “Despite this, with current policies there is little prospect for significant growth for nuclear power in developed economies on the horizon – although there are new efforts to spur innovations that could change this picture.”

WNN - A new basic energy plan that sets goals for Japan's energy mix to 2030 and presents scenarios to 2050 was today approved by the Cabinet. Under the plan, nuclear will remain a key energy source, accounting for 20-22% of the country's electricity generation up to 2030.

IAEA - "Austria has demonstrated its commitment to nuclear and radiation safety by inviting, for the first time, an international peer review for its regulatory oversight of radiological and nuclear facilities and activities," said team leader Mika Markkanen, Principal Adviser, Regulation Practices Regulation at the Finnish Radiation and Nuclear Safety Authority (STUK).

IAEA - H.E. Ambassador Hamad Alkaabi, UAE’s Permanent Representative at the IAEA, said: “The UAE is rapidly moving forward with the development of its peaceful nuclear energy sector. The successful conclusion of the Phase 3 INIR mission is a testament to the UAE’s commitment to upholding the highest international standards of safety, security, and transparency as we approach the commissioning of the nation’s first nuclear energy plant."

REUTERS - Benchmark Brent crude oil LCOc1 fell $1.24 a barrel to a low of $77.99 before recovering to $78.40, down 83 cents, by 0735 GMT. U.S. light crude CLc1 was 50 cents lower at $73.65.

ПРАЙМ - Россия готова нарастить свою добычу нефти более чем на 200 тысяч баррелей в сутки, если это будет нужно для достижения общей цели ОПЕК+ по увеличению добычи в 1 миллион баррелей, сообщил журналистам министр энергетики РФ Александр Новак.

REUTERS - Kuwait will raise oil output by 85,000 barrels per day (bpd)starting on Sunday, part of an agreement between OPEC and non-OPEC producers to increase production by one million bpd, Energy Minister Bakhit al-Rashidi told a local newspaper on Saturday.

REUTERS - Libya’s oil production has been reduced to 315,000 barrels per day (bpd) as storage tanks at Hariga and Zueitina ports fill up due to eastern officials blocking exports, two Libyan oil sources said