Brent futures rose 50 cents to $49.11 a barrel, having closed 26 cents up previously to snap a four-day slide.

«Газпром» больше не интересуется участием в проекте освоения месторождения «Левиафан» на шельфе Израиля, сообщил «Ведомостям» представитель компании.

Now, under the economic plan known as Vision 2030 promoted by the king’s powerful son, Deputy Crown Prince Mohammed bin Salman, the government is signaling it wants to wean the kingdom’s economy off oil revenue, lessening the need to manage prices.

“But when you sign agreements and create the impression that it’s going to be implemented when no one’s identified the trillions of dollars that it’s going to cost, it’s just not clear that’s going to deliver.”

Speaking from his high-rise office in the capital, Doha, Mohammed bin Saleh al-Sada said a minimum price of $65 a barrel is "badly needed at the moment." He cautioned that the security of future supplies is as risk because of the price slump that has squeezed oil producers since 2014.

"If collectively we find a way to stay within the 2 degree (Celsius limit), we will still need significant investment in oil and gas. I am not talking about a few millions, I am talking about up to a trillion dollars every year that industry has to invest just to stay within 2 degrees in oil and gas," Ben van Beurden said at the company's annual shareholder meeting in The Hague.

For the United States and Russia, total petroleum and natural gas hydrocarbon production, in energy content terms, is almost evenly split between petroleum and natural gas. Saudi Arabia's production, on the other hand, heavily favors petroleum. Total petroleum production is made up of several different types of liquid fuels, including crude oil and lease condensate, tight oil, extra-heavy oil, and bitumen. In addition, various processes produce natural gas plant liquids (NGPL), biofuels, and refinery processing gain, among other possible liquid fuels.

"Currently, Iran's crude oil exports, excluding gas condensates, have reached 2 million barrels per day (bpd)," Javadi said. "Iran's crude oil export capacity will reach 2.2 million barrels by the middle of summer."

India said Monday it will invest up to $500 million in a deal to develop a strategic port in Iran and both countries planned a number of projects they say are worth hundreds of millions of dollars.

Established in 1998, Petropars was founded to contribute toward the development of Iran’s vast energy resources. It specializes as a developer of exploration, exploitation and production in upstream projects.

BP has the lowest amount of pre-FID (final investment decision) resource, which leads to the weakest future growth rates.

CNPC and Mozambique’s national oil and gas company ENH have signed a cooperation framework agreement under which the two sides will reinforce cooperation in oil and gas exploration and production, and natural gas processing and marketing.

Brent futures LCOc1 were down 18 cents at $48.54 a barrel as of 0421 GMT, after ending the previous session 9 cents down. U.S. crude futures CLc1 fell 26 cents to $48.15 a barrel, having settled down 41 cents in the previous session.

Министр энергетики отметил, что страны АСЕАН являются одними из наиболее быстро растущих в мире по темпам роста объемов потребления энергии. «Сегодня в этом регионе потребляется вдвое меньше энергии, чем в среднем по миру, при этом с 1990 г. энергопотребление выросло в 2,5 раза», - отметил Александр Новак. По его словам, эта тенденция открывает для России «окно возможностей», связанных с поставками энергоресурсов, технологий и оборудования.

China's crude oil imports from Russia surged 52.4 percent in April from a year earlier to reach a record 1.17 million barrels per day (bpd), customs data showed on Monday, ahead of the previous record of 1.13 million bpd in December.