July 2020

Brent was down by 73 cents, or 1.7%, at $41.62, WTI fell 83 cents, or 2.1%, at $38.79 a barrel

U.S. commercial crude oil increased by 5.7 million barrels from the previous week to 539.2 million barrels.

The intervention of the United States, the G-20 and other leading producing countries was vital in securing April’s historic production deal to rebalance and stabilize oil markets reeling from the pandemic.

Global LNG trade surged 13% year on year in 2019 to 354.7 million mt

In 2019, the Asia-Pacific coal market increased by 6.1% to $751.8B, rising for the third consecutive year after four years of decline.

Shares in China fell 0.72% from a five-year high

Saudi Arabia’s Capital Market Authority (CMA) plans to launch a derivatives exchange in the latest move to modernize the Kingdom’s financial landscape.

Brent up 5 cents, or 0.12%, to $43.34, WTI dipped 14 cents, or 0.3%, to $40.76,

Global oil inventories to generally draw through the end of 2021 as global oil demand continues to recover.

The project, Mozambique LNG, is one of several being developed in the country’s extreme north following one of the largest gas finds in a decade off its coast.