The Sharjah Chamber of Commerce and Industry, SCCI, will be organising the UAE – Russia Forum, from 3rd to 6th September in Russia.

The U.K., France and Germany have called for restraint in the South China Sea amid reports that Chinese and Vietnamese vessels are facing off in the disputed waters over competing territorial claims.

Egypt’s Ministry of Planning said the total investments targeted for the electricity sector during the fiscal year 19-2020 was estimated at 111.9 billion pounds ($6.8 billion), equivalent to 9.6 percent of the total investments.

Nigeria lost about 22 million barrels of its crude oil production to theft in the first half of this year, Nigerian National Petroleum Corp. said

DOE is currently working with the Department of Defense to demonstrate and deploy microreactors as early as 2023. These smaller, transportable, factory-built systems can boost resiliency and reliability of energy at remote military locations.

Egypt’s Ministry of Planning said the total investments targeted for the electricity sector during the fiscal year 19-2020 was estimated at 111.9 billion pounds ($6.8 billion), equivalent to 9.6 percent of the total investments.

The Swiss government has announced it will cut its greenhouse gas emissions to a net-zero level by 2050. According to Swiss government statistics, about 60% of Switzerland's electricity generation comes from renewable sources, most of it from hydro (56.6%). Nuclear contributes about 37.6% and about 2.5% comes from fossil fuels.

U.S. Rig Count is down 12 rigs from last week to 904, with oil rigs down 12 to 742, gas rigs unchanged at 162, and miscellaneous rigs unchanged at 0. Canada Rig Count is up 11 rigs from last week to 150, with oil rigs up 10 to 105 and gas rigs up 1 to 45.

Brent was down by 23 cents, or 0.4%, at $60.85 a barrel, WTI fell 40 cents, or 0.7%, to $56.31 a barrel.

Александр Новак отметил, что энергетическое взаимодействие с Индией отличается самодостаточностью и отвечает интересам обеих стран. При этом важную роль в двустороннем развитии отношений играет деятельность Рабочей группы по сотрудничеству в области энергетики и энергоэффективности в рамках Российско-Индийской межправкомиссии, 22-е заседание которой прошло в апреле этого года.

Россия и Китай обязуются содействовать созданию наиболее благоприятных условий для непрерывного роста двусторонней торговли и инвестиций посредством сотрудничества в финансовой и налоговой сферах.

Министр сообщил, что на сегодняшний день в проект Стратегии включены шесть направлений: совершенствование торгово-инвестиционного режима и договорно-правовой базы, реализация потенциала в финансовой сфере, развитие транспортно-логистической инфраструктуры, диверсификация энергетического сотрудничества, сотрудничество в агропромышленной сфере, наука и инновации.

High and rising inequalities of opportunities and outcomes pose risks to global growth, economic stability and social cohesion and to the achievement of the Sustainable Development Goals more generally

“The Nord Stream 2 company has clearly informed us that it is sticking to the schedule and the budget, and we have no reason to revise the plan in any way today,” he said when asked if a launch at the end of 2019 or early 2020 was realistic.

At 427.8 million bbl, US crude oil inventories are at the 5-year average for this time of year