The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $55.5 billion in May, up $4.3 billion from $51.2 billion in April, revised.

India predicted on Thursday that economic growth in the current fiscal year could rise to 7 percent from 6.8 percent for the year that ended March 31, which was the slowest pace in five years.

Pakistan is facing significant economic challenges on the back of large fiscal and financial needs and weak and unbalanced growth. In this context, the authorities’ program aims to tackle long-standing policy and structural weaknesses, restore macroeconomic stability, catalyze significant international financial support, and promote strong and sustainable growth.

the Gazprom Group signed a five-year contract to purchase natural gas from Turkmengas (for the period through June 30, 2024).

TC Energy Corporation (TSX:TRP) (NYSE:TRP) (TC Energy) announced that it has entered into an agreement to sell its U.S. midstream assets held by its subsidiary, Columbia Midstream Group, to UGI Energy Services, LLC, a subsidiary of UGI Corporation (NYSE: UGI), for approximately US$1.275 billion (Cdn$1.7 billion). The transaction is expected to close in the third quarter of 2019 subject to closing adjustments and customary regulatory approvals.

The worldwide rig count for June 2019 was 2,221, up 39 from the 2,182 counted in May 2019, and up 69 from the 2,152 counted in June 2018.

U.S. Rig Count is down 4 rigs from last week to 963, with oil rigs down 5 to 788, gas rigs up 1 to 174, and miscellaneous rigs unchanged at 1. Canada Rig Count is down 4 rigs from last week to 120, with oil rigs down 4 to 80 and gas rigs unchanged at 40.

Brent crude futures LCOc1 for September delivery were trading up 12 cents, or 0.2%, at $62.52 a barrel, U.S. crude futures for August CLc1 were up 16 cents, or 0.3%, at $56.41 a barrel.

Участники заседания рассмотрели последние события на нефтяном рынке и краткосрочный прогноз его развития. Учитывая сохранение значительной неопределенности и возможные последствия для мирового нефтяного рынка, участники 6-го Министерского заседания стран ОПЕК и не ОПЕК настоящим принимают решение продлить на 9 месяцев с 1 июля 2019 года по 31 марта 2020 года действие решения о добровольной корректировке объемов добычи, принятого 7 декабря 2018 года по итогам 5-го Министерского заседания стран ОПЕК и не ОПЕК.

“Хартия сотрудничества стран-производителей нефти должна стать фундаментом нашей будущей кооперации. Благодаря такой диалоговой платформе мы сможем не только на постоянной основе продолжить отслеживать ситуацию на нефтяных рынках, но и при необходимости оперативно реагировать на возникающие перекосы, в регулярном режиме обсуждать как на министерском, так и экспертом уровнях актуальные вопросы развития отрасли”, - подчеркнул Министр энергетики Российской Федерации и сопредседатель заседания Александр Новак.

Russian daily oil output rose in June to 11.15 million barrels per day (bpd), up from 11.11 million bpd in May, still below the amount agreed in a global deal to cut production, Energy Ministry data showed on Tuesday.

Tariffs, imposed by the US under Section 301 of the Trade Act of 1974, as well as retaliatory tariffs imposed by China on US imports, have already harmed the US oil and gas industry, according to testimony Padilla recently gave to the US Trade Representative's Section 301 committee

Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $296.4 billion (preliminary) in 2018. Expenditures were up 8.7 percent from $272.8 billion (revised) in 2017

The June shipments included 3.39 million b/d from Gulf terminals, 105,000 b/d from Kirkuk through the Ceyhan terminal and 25,000 b/d of heavy Qayara oil transported by truck to the southern port of Um Qasr.

PDVSA and its joint ventures exported 1.1 million barrels per day (bpd) of crude and refined products last month, a 26% increase over May. Chinese buyers took 59% of the shipments, followed by India with 18% and Singapore with 10%, the documents showed.