PLATTS - OPEC has painted a bearish picture for 2019, with demand for its crude oil expected to fall due to weak demand growth and a sharp rise in output from producers outside the group.
REUTERS - OPEC Secretary-General Mohammad Barkindo said the exporting group was not in the business of fixing oil prices, when asked on Monday to comment on a U.S. House committee passing a bill targeting OPEC oil supply cuts.
JAPANTODAY - the Japanese government has shifted toward coal, with the construction of 50 new coal-fired power stations planned across the country since 2012.
PLATTS - Europe is likely to be a prime destination for US LNG cargoes well into the next decade as shipping costs make Europe preferable to Asia as a destination for US exporters, Massimo Mantovani, head of gas and LNG marketing at Italy's Eni, said Monday.
WNN - Nuclear energy can help the European Union achieve a sustainable and low-carbon future while providing people with reliable and affordable electricity, Foratom - the European nuclear trade body - says in a new position paper.
PLATTS - "We have taken several measures to overhaul the hydrocarbon policy framework to ensure energy security for the country, while pursuing the green path to progress," petroleum minister Dharmendra Pradhan said.
WNN - A lack of available domestically produced nuclear fuel and delays in constructing and commissioning nuclear power plants, including first-of-a-kind plants and the Prototype Fast Breeder Reactor (PFBR), meant that India failed to meet its nuclear generation targets under the governmental plans over the decade to 2017.
IMF - The Dutch economy has performed very well in recent years. Growth is estimated at 2.6 percent in the 2018, owing to strong domestic demand and robust net exports.
REUTERS - U.S. West Texas Intermediate (WTI) crude futures were at $52.09 per barrel at 0347 GMT, down 63 cents, or 1.2 percent, from their last settlement. International Brent crude oil futures were down 49 cents, or 0.8 percent, at $61.61 a barrel.
PLATTS - "Imports of Russian crude oil and LNG do not go through any chokepoints such as the Strait of Hormuz. Therefore they are important for the diversification of Japan's energy import sources, and I hope that Russia will play an even larger role. I would like to continue working to expand our cooperation," Seko said.
REUTERS - Nord Stream 2 has divided the EU, with German opposition to the new draft rules stalling discussions since it was proposed by the EU executive in November 2017.
REUTERS - The pipeline project, which is majority owned by Russian energy giant Gazprom, plans to tap lenders this year, a spokesman for Nord Stream 2 told Reuters. He did not comment on the risk of new sanctions.
REUTERS - Global ratings agency Moody’s Investor Service raised Russia’s rating to investment grade on Friday, saying the policies enacted in recent years will strengthen the country’s already robust public finances.
IMF - the global economy will grow by 3.5 percent this year, 0.2 percentage points below what we expected in October. And risks are up, given escalating trade tensions and tightening financial conditions.
ЦБ РФ - Совет директоров Банка России 8 февраля 2019 года принял решение сохранить ключевую ставку на уровне 7,75% годовых. Годовая инфляция в январе 2019 года соответствовала нижней границе ожиданий Банка России. Инфляционные ожидания населения и предприятий несколько выросли. Вклад повышения НДС в годовые темпы роста потребительских цен в январе был умеренным. С учетом принятого решения Банк России прогнозирует годовую инфляцию в интервале 5,0–5,5% по итогам 2019 года с возвращением к 4% в первой половине 2020 года.