India is likely to obtain 63% of its installed power capacity from non-fossil fuel sources (including hydro) by 2029-30, according to the Central Electricity Authority (CEA). This would significantly exceed the country’s Paris agreement target of a 40% share of installed power capacity from non-fossil fuel sources by 2030.

Uzbekistan has decided it now wants to build four nuclear power units and not just two as previously stated, Alisher Sultanov, the country's energy minister, said in an interview with news agency Kun.uz this week.

Russia's growth is projected at 1.2 percent in 2019, reflecting a weak first quarter estimate, lower oil prices and the impact of the higher VAT rate on private consumption.

Saudi Arabia's real non-oil growth is expected to strengthen to 2.9 percent in 2019 as government spending and confidence increase, but real GDP growth is projected to slow to 1.9 percent as real oil growth slows to 0.7 percent with the implementation of the OPEC+ agreement.

Industrial production was unchanged in June, as increases for both manufacturing and mining offset a decline for utilities. For the second quarter as a whole, industrial production declined at an annual rate of 1.2 percent, its second consecutive quarterly decrease.

The Alfanar Group, one of Saudi Arabia’s largest industrial conglomerates, has announced that it will set up a renewable energy office in the UK, through its subsidiary ‘Alfanar Energy UK Ltd.’ The new subsidiary will be headquartered in London, tapping into the UK’s highly skilled workforce and creating up to 30 jobs.

U.S. Rig Count is down 4 rigs from last week to 954, with oil rigs down 5 to 779, gas rigs up 2 to 174, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 1 rig from last week to 118, with oil rigs down 2 to 83 and gas rigs up 3 to 35.

U.S. Rig Count is down 5 rigs from last week to 958, with oil rigs down 4 to 784, gas rigs down 2 to 172, and miscellaneous rigs up 1 to 2. U.S. Rig Count is down 5 rigs from last week to 958, with oil rigs down 4 to 784, gas rigs down 2 to 172, and miscellaneous rigs up 1 to 2.

Brent for September settlement rose 38 cents, or 0.6%, to $66.90 a barrel on the ICE Futures Europe Exchange. Prices are up 4.2% this week. The global benchmark crude traded at a $6.32 premium to WTI for the same month.

Энергетическое сотрудничество России и ОАЭ активно развивается и обладает колоссальным потенциалом, отметил Александр Новак.

Владимир Путин отметил положительную тенденцию по торговому обороту двух стран. “С января по апрель 2019 года российско-боливийский товарооборот увеличился в 2,6 раза”, - сказал он. По словам Президента России, такой рост объясняется, в том числе, планомерным увеличением инвестиций российских компаний в экономику Боливии.

ADNOC Group CEO Dr. Sultan Al Jaber met with Russian Energy Minister Alexander Novak in Moscow as ADNOC looks to expand its partnership and investment base.

In 2019, the global oil demand growth forecast remains at 1.14 mb/d, with expectations for global oil demand to reach 99.87 mb/d. In 2020, the initial forecast indicates growth of around 1.14 mb/d y-o-y, as global oil demand is anticipated to surpass the 100 mb/d threshold on an annual basis, to average 101.01 mb/d for the year.

The Organisation of the Petroleum Exporting Countries on Monday said that oil and gas remained part of key solutions in combating climate change. Secretary-General of the organisation, Mr Mohammad Barkindo, stated this in Vienna while speaking against the backdrop of mass mobilisation of civil society campaigns against the oil industry.

Russian gas sales on Gazprom Export's Electronic Sales Platform (ESP) surged to another new record high on Wednesday, with a colossal 406 million cu m sold in the latest auction.