May 2019

Gazprom's sales of Russian gas dropped 10% in the first quarter, analysis of quarterly results showed, as sales from storage dipped compared with 2018.

Russia’s Deputy Prime Minister Dmitry Kozak said on Thursday Russian oil pipeline monopoly Transneft would provide compensation to all parties that could prove real damages from contaminated oil.

An Iranian official said the exports of natural gas to Iraq are growing steadily and are expected to hit 40 million cubic meters a day in summer.

Eni and Sonatrach have signed agreements to renew the gas supply contract to import Algerian gas into Italy until 2027 (plus two further optional years) also defining the transportation arrangements through the pipeline crossing the Mediterranean Sea.

Renewables accounted for 9.2% of India’s total power generation in fiscal 2018/19, shows data by the Central Electricity Authority (CEA).

NuScale Power and Enfission, LLC are to work together to explore the use of Enfission's next-generation nuclear fuel technology in NuScale's small modular reactors (SMRs) under a newly announced memorandum of understanding (MoU).

Industrial production fell 0.5 percent in April, and the rates of change for previous months were revised down on net. Output is now reported to have declined 1.9 percent at an annual rate in the first quarter.

In 2018, GDP growth picked up moderately to 5 percent as adverse weather impacted agriculture and bottlenecks in energy and water slowed economic growth, despite strong investment growth.

Pakistan is facing a challenging economic environment, with lackluster growth, elevated inflation, high indebtedness, and a weak external position. This reflects the legacy of uneven and procyclical economic policies in recent years aiming to boost growth, but at the expense of rising vulnerabilities and lingering structural and institutional weaknesses.

Brent crude futures were at $71.06 a barrel at 0646 GMT, down 18 cents, or 0.3%, from their last close. Brent ended 1.4% higher on Tuesday. U.S. West Texas Intermediate (WTI) crude futures were at $61.33 per barrel, down 45 cents, or 0.7%, from their previous settlement. WTI closed up 1.2% in the previous session.