Iran started pouring concrete on Sunday at its second nuclear power plant, a key step in building the facility with Russian help in the southern port of Bushehr, state television reported.

Speaking in the southern province of Yazd on Sunday, Dr. Rouhani said that the field’s reserves were estimated to contain 53 billion barrels of oil in place.

China has been relying heavily on Saudi Arabia and Russia for its refinery feedstock requirements over the recent years, with both producers constantly switching between them the top supplier position to Asia's biggest energy consumer.

Trader estimates for cargoes loading from Iran bound for China in November generally ranged between seven and 10. Some said the number was lower at six to seven, while one source said it did not exceed nine.

“Increased global and regional temperatures patterns, changes in precipitation amounts and seasonal distribution, a sea level rise, and changing characteristics of various extreme events such as increasing frequency, intensity, duration or even spatial extent of heat waves, droughts and storms, are forecast by most global and regional climate models,” said Loreta Stankeviciute, an IAEA energy systems analyst.

Energy demand in Africa grows twice as fast as the global average, and Africa’s vast renewables resources and falling technology costs drive double-digit growth in deployment of utility-scale and distributed solar photovoltaics (PV), and other renewables, across the continent.

Following a challenging period, the economy is recovering. Non-oil growth could exceed 1 percent in 2019 and pick up to around 3 percent next year, the fastest since 2016, on the back of Expo 2020 and fiscal stimulus. Overall GDP growth would register 2.5 percent in 2020.

U.S. Rig Count is down 5 rigs from last week to 817, Canada Rig Count is down 2 rigs from last week to 140,

Brent was down 44 cents, or 0.7%, at $61.85 a barrel, WTI was down 50 cents, or 0.9%, at $56.65 a barrel.

«Потребление и выработка электроэнергии в стране поступательно увеличивается. За последние 7 лет рост составил 6%. По итогам этого года выработка электроэнергии ожидается на уровне 1 102 млрд. кВтч, электропотребление - 1 081 млрд. кВтч. Установленная мощность электрических станций по итогам года составит порядка 253,6 ГВт – прирост за 7 лет 30 ГВт», - сказал Министр.

Alexey Miller pointed out that a number of strategic issues need to be resolved prior to the signing of a new transit contract.

Poland sees Nord Stream 2, which would double Russia’s gas export capacity via the Baltic Sea, as a threat to Europe’s energy security and argues it will strengthen Gazprom’s already dominant position on the market.

China, the world’s top oil importer, brought in 45.51 million tonnes of crude last month, equivalent to 10.72 million barrels per day (bpd), according to data released by the General Administration of Customs.

China imported 276.24 million mt of coal over January-October, up 9.6% year on year and closing in on its 2018 full year import volume of 281 million mt, preliminary General Administration of Customs data released Friday showed.

China and France today reaffirmed their commitment to the Paris Agreement and called for worldwide action on combating climate change and halting the loss of biodiversity.