PetroChina, China's biggest listed oil company by assets, expected the supply and demand for global oil market would gradually become balanced in 2017 and international oil prices would "recover," the company said late Wednesday in a profits warning for the 2016 annual result.

In the second half of 2016, we reduced annualized costs by nearly $700 million, exceeding our initial goal by almost 40%, paid down $1 billion in debt, repurchased more than $750 million in shares, accelerated innovation with nearly 70 new product introductions, and built new sales channels for our products and technology.

The Tapi pipeline is projected to export up to 33bn m3 of natural gas a year from Turkmenistan to Afghanistan, Pakistan and India over 30 years. It was earlier scheduled to be operational in 2019 but, because of delays in achieving financial closure, the pipeline's first gas flows from Turkmenistan are now scheduled for 2020. The much delayed project was formally inaugurated on December 13, 2015.

Halliburton Company (NYSE:HAL) announced a loss from continuing operations of $149 million, or $0.17 per diluted share, for the fourth quarter of 2016.

«Встреча на уровне министров показала, что страны очень конструктивно относятся друг к другу. Мы даже не ожидали, что соглашение будет так исполняться. Действия стран превзошли наши ожидания. Многие, например Саудовская Аравия, Алжир, Кувейт, превысили свои плановые цифры»,

«Россия впервые участвует в такой координации и сокращает добычу искусственным способом, а не естественным, когда это происходит, например, в рамках программы развития компании. Это добавляет сложности, но наши компании привержены выполнению договоренностей и очень позитивно относятся к соглашению»,

"We urge the United States to respect the facts, speak and act cautiously to avoid harming the peace and stability of the South China Sea,"

EIA expects the Henry Hub natural gas spot price to average $3.55 per million British thermal units (MMBtu) in 2017 and $3.73/MMBtu in 2018, both higher than the 2016 average of $2.51/MMBtu. Higher prices in 2017 and 2018 reflect natural gas consumption and exports exceeding supply and imports, leading to lower average inventory levels.

Brent crude LCOc1, the international benchmark for oil prices, was trading at $55.42 per barrel at 0441 GMT, down 7 cents from its last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 fell 11 cents to $53.11 a barrel.

Министр энергетики России Александр Новак ожидает, что цена на нефть в 2017 году установится на уровне от $50 до $60 за баррель.

Под сопредседательством Министра энергетики Российской Федерации Александра Новака и Министра нефти Кувейта Иссама Аль-Марзука состоялось заседание Мониторингового комитета стран ОПЕК и не входящих в ОПЕК государств по отслеживанию выполнения обязательств по скоординированному сокращению добычи нефти.

All the countries are observing the agreement on cutting the output, Russia's Minister of Energy Alexander Novak told a news conference on Sunday.

Saudi Energy Minister Khalid al-Falih said OPEC’s 13 nations and 11 producers outside the cartel had made collective cuts totaling 1.5 million barrels a day since agreements were struck in late November and early December. Oil prices have risen nearly 20% since those deals were made, despite widespread skepticism over whether OPEC and other producers would follow through.

India’s double-digit LNG import growth took a breather in the month of December, falling 2.9% on year, according to oil ministry’s Petroleum Planning and Analysis Cell.

The tanker is the first of a new class of icebreaking LNG carriers that will open an export route from Siberia to the Pacific — reducing Russia’s dependence on selling gas through pipelines to Europe.