The new analysis finds that, on average, the levelised cost of electricity from the coal fleet is less than the levelised cost of new natural gas combined cycle (NGCC), new wind and new solar.

Cyprus will earn an estimated $9.3 bln over 18 years from exploiting its Aphrodite gas field under a renegotiated contract with Shell, US-based Noble and Israel?s Delek, the energy minister said

The United States has strongly criticised Nord Stream 2, a 11 billion euro ($12.4 billion) project to build a gas pipeline from Russia to Germany, which opponents fear will undermine Ukraine’s gas transit revenues and increase the EU’s reliance on Russian gas.

Brent futures were down 42 cents, or 0.7%, at $61.55 a barrel by 0552 GMT. U.S. West Texas Intermediate (WTI) crude was down by 48 cents, or 0.9%, at $53 a barrel.

This was up 8.7% month on month from April imports of 1.62 million mt, and 20.9% higher from a year earlier. About 94.5% of the Russian imports were ESPO blend, with just one cargo of 96,000-mt of Sokol.

During a joint news conference with US President Donald Trump today, British Prime Minister Theresa May stressed the importance of the USA-UK special relationship in dealing with Iran, but added that "we [the UK] stand by the nuclear deal".

Venezuela's exports of crude oil and refined products fell 17% in May from the previous month to 874,500 barrels per day

Owners and operators of US civilian nuclear power reactors purchased a total of 40 million pounds U3O8 equivalent (U3O8e) (15,386 tU) of deliveries during 2018, according to the latest uranium marketing report from the US Energy Information Administration (EIA). Nearly 10% of that was US-origin uranium.

Front-month Brent crude futures were at $60.96 at 0844 GMT, down $1.03 or 1.7% below Friday’s close. Prices had dropped by more than 3% on Friday, with May recording the biggest monthly loss in six months. U.S. West Texas Intermediate (WTI) crude futures were at $52.98 per barrel, down 52 cents, or 1%.

The State Oil Company of Azerbaijan Republic (SOCAR) is due to purchase crude oil from Iraq next month to process at the SOCAR Turkey Aegean Refinery (STAR) inaugurated in October 2018 in Izmir.

The German energy transition continues to gather pace, reaching a record 47 per cent of total electricity produced in the first five months of 2019, putting it well ahead of its target for 2025, which requires it to meet between 40 and 45 per cent of total electricity consumption from renewables.

Total world crude oil production increased sharply in 2018 by 1.213 million barrels/day (mb/d), or 1.6%, as compared to 2017, to reach 75.78 mb/d, marking a historical high and the highest annual growth since 2015.

Overall GDP growth is projected to reach 2.6 percent in 2019 from 2.2 percent in 2018, underpinned by a recovery in the hydrocarbon output and still robust growth of the non-hydrocarbon sector.

Growth is expected to reach 1.3 percent this year and stabilize at around 1.5 percent in the medium term, predicated on a recovery of domestic and external demand and on gains from recent reforms.

Shell is on track to deliver on its 2020 commitments; now increases organic free cash flow outlook to around $35 billion for 2025 at $60 per barrel (real terms, 2016)