“If the world does not take a strong and firm action to deter Iran, we will see further escalations that will threaten world interests,” Prince Mohammed, known as MbS, said through a translator. “Oil supplies will be disrupted and oil prices will jump to unimaginably high numbers that we haven’t seen in our lifetimes.”

These three levers, each with their own potential to disrupt the market and offer new growth opportunities to the companies that leverage them, are often discussed in the energy industry: Digital technology, climate change, and dealing with risk

Mr Zlochevsky, the owner of Burisma, Ukraine’s largest private gas company which acquired several of its extraction licences while he was in government, had lost a political patron when Mr Yanukovich was evicted from office. Weeks later the energy tycoon sought help elsewhere. Burisma made a surprise appointment to its board: Hunter Biden, younger son of then-US vice-president Joe Biden.

Germany and the UAE see that there is a great value in close consultations on foreign and security policy, Annen said. "We also want to deepen our cooperation on trade and investment, in particular on exchanging state-of the-art technologies and enabling small and medium-sized companies to succeed in our respective markets," the minister explained.

Saudi Arabia will start offering loans for renewable energy projects and manufacturers of renewable-energy components as the kingdom seeks to diversify its economy away from crude oil.

U.S. Rig Count is down 8 rigs from last week to 860, with oil rigs down 6 to 713, gas rigs down 2 to 146, and miscellaneous rigs unchanged at 1. Canada Rig Count is up 8 rigs from last week to 127, with oil rigs up 6 to 88 and gas rigs up 2 to 39.

Brent fell 6 cents to $62.68 a barrel, WTI rose 18 cents to $56.59 a barrel

Представитель Минэнерго сообщила, что сегодня в топливно-энергетическом балансе России более 60% приходится на долю безуглеродных или низкоуглеродных источников энергии. В части электроэнергетического баланса 75% выработки электроэнергии уже осуществляется на источниках с низкой удельной эмиссией парниковых газов, в том числе на атомных и гидроэлектростанциях. «По сути, топливно-энергетический и электроэнергетические балансы нашей страны уже сегодня соответствуют логике низкоуглеродного будущего», - заключила Анастасия Бондаренко.

Treasury imposed sanctions on Moscow-based Maritime Assistance LLC, which it called a front company for Russian shipping company, Sovfracht, which has been subject to US sanctions since September 2016 for operating in Crimea. Russia annexed Crimea from Ukraine in March 2014, a move which is not recognized by most of the international community.

Turkish President Tayyip Erdogan said on Friday it was impossible for Turkey to stop buying oil and natural gas from Iran, despite the threat of U.S. sanctions, and added that trade between the two countries would continue, according to broadcaster NTV.

“This year, 2019 already broke the highest amount of (final investment decisions) for the first time ever, $50 billion,” he told the annual LNG Producer-Consumer conference in Tokyo.

South Korea’s state-run Korea Gas Corp. signed a deal to import an additional US$9.6 billion worth of liquefied natural gas (LNG) from the United States for up to 18 years, in line with efforts to expand ties with the world’s top economy in the energy segment, Seoul’s trade ministry said

Ukraine's growth is held back by a weak business environment—with shortcomings in the legal framework, pervasive corruption, and large parts of the economy dominated by inefficient state-owned enterprises or by oligarchs—deterring competition and investment.

Novatek already has a Yamal LNG plant running at annual capacity of 16.5 million tonnes of super-cooled gas. It plans to start another project, Arctic LNG 2, in 2023.

Real gross domestic product (GDP) increased at an annual rate of 2.0 percent in the second quarter of 2019, according to the "third" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 3.1 percent.