October 2020

monthly Brent spot prices will average $42/b during the fourth quarter of 2020 and will rise to an average of $47/b in 2021.

MSCI’s broadest index of Asia-Pacific shares outside Japan crept 0.4% higher to a fresh two-week peak, led by a 1.3% gain in Australia where an expansionary budget lifted stocks.

The U.S. goods and services deficit was $67.1 billion in August, up $3.7 billion from $63.4 billion in July, revised.

From the year-ago month, U.S. coal exports declined 41.3%. Over the eight months, exports were 44.6 million st, down 31% year on year.

Amendments to the agreement include phased reductions of US imports of uranium from Russia as well as the periodic updating of the import quotas.

The system consists of four parabolic trough mirrors that concentrate solar radiation on a linear receiver. It includes two photovoltaic-thermal modules, each with a length of 1.2 meters.

Brent were up 38 cents, or 0.9% at $41.67 a barrel, WTI were trading 34 cents higher, or 0.9%, at $39.56 a barrel.

Driven by unprecedented low fuel prices, gas power production increased by 7.1% during the first seven months from last year, while coal dipped dramatically by 27.5%.

Over January-September, Russian gas flows into Europe -- excluding the countries of the former Soviet Union in line with Gazprom's own sales data -- totaled 96.65 Bcm, down 22.2% year on year.

Iraq, OPEC's second-largest oil producer saw exports edge up to 3.063 million b/d in September from 3.023 million b/d in August, which was the lowest export rate since March 2015, data showed.