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.

Saudi Aramco signed crude oil sales agreements for 2020 with five Chinese customers, increasing total volume by 151,000 barrels per day compared to their 2019 supply contracts.

Saudi Aramco is joining the World Bank Initiative: ‘Zero Routine Flaring by 2030’. Saudi Aramco has a strong focus on flaring reduction, which remained at less than 1% of its total raw gas production in the first half of 2019.

TVEL Fuel Company of Rosatom has signed the contract for nuclear fuel supply to the future power units 3 and 4 of Xudapu NPP with China Nuclear Energy Industry Corporation, CNNP Liaoning Nuclear Power and CNNP Suneng Nuclear Power acting as the customers (all the companies are subsidiaries of China National Nuclear Corporation, CNNC).

Renewable energy resources have accounted for 46% of Turkey's electricity generation so far this year, Energy and Natural Resources Minister Fatih Dönmez said Tuesday.

The EBRD expects Turkey’s economy to start growing again in the second half of 2019, although a mild contraction is expected for the year as a whole.

Mexico's economy growth is expected to accelerate modestly in the near-term, reaching 0.4 percent in 2019, as macroeconomic policies become less contractionary. It is projected to recover to 1.3 percent in 2020 on the back of strengthening consumption and despite continued weakness in investment.