July 2020

Brent was up 25 cents or 0.6% at $42.28 a barrel, WTI rose 25 cents, or 0.6%, to $40.07 a barrel

There are different forecasts looking at between 95 and 97 MMbd by year-end

Iraq oil exports fell to an average of 2.816 million b/d, in line with projections made in June by Oil Minister Ihsan Ismaael

U.S. commercial crude oil inventories decreased by 7.2 million barrels from the previous week.

About 20% of U.S. energy consumption in 2019 came from sources other than fossil fuels

India wants to raise the share of natural gas in its energy mix from to 15% by 2030 from 6.2% now and is scouting for affordable gas for its price-sensitive customers.

SFEN recommends that France includes the project to construct a series of three pairs of reactors in its post-COVID recovery plan and confirms the launch of the project at the end of the investigation in mid-2021. It also says the European Union should include new nuclear in the Green Deal and associated plans for financial mechanisms.

The government intends to make German power generation free of hard coal by 2033.

The pan-European STOXX 600 rose 0.9%

China's Shanghai Composite Index gained 2.1% to 3,090.57.