2020

PAO NOVATEK (“NOVATEK” and/or the “Company”) reported today preliminary operating data for the second quarter and first half 2020.

U.S. Rig Count is down 5 rigs from last week to 258, Canada Rig Count is up 8 rigs from last week to 26

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,