Weekly US crude oil exports averaged 3.16 million b/d for the week ended on June 19

South Korean refiners imported 7.407 million barrels of US crude in May, compared with 11.516 million barrels a year earlier,

Amid a drop in demand and oil prices, in the first quarter the value of Saudi Arabia’s oil exports plunged by 21.9% year on year to $40 billion, corresponding to a decline of about $11 billion,

Стороны обсудили двустороннее взаимодействие России и Венгрии в отраслях ТЭК.

A mild winter and COVID-19 mitigation efforts have led to declining global natural gas demand and high natural gas storage inventories in Europe and Asia, reducing the need for LNG imports.

The consortium will collectively acquire a 49% stake in ADNOC Gas Pipeline Assets LLC (ADNOC Gas Pipelines), a newly formed subsidiary of ADNOC with lease rights to 38 pipelines covering a total of 982.3 kilometers, with ADNOC holding the 51% majority stake.

"I can briefly confirm that we continue to work on this project and expect that its construction will be completed at the end of 2020 or the beginning of 2021,"

The government of Mozambique has offered a US$2.25bn state guarantee to the US$20bn Mozambique LNG project

Россия на данный момент выполнила соглашение о сокращении добычи на 96%. Для нас это огромный объем, сейчас мы ежедневно добываем на два миллиона баррелей меньше. Для нас это настоящее испытание.

The slide in crude prices and recovery in economic activity late March had encouraged Chinese buyers to pile their shopping carts with all kinds of cheap crude,

World oil demand is projected to decrease by 9.1 mb/d in 2020, unchanged from the previous month’s assessment. The COVID-19 pandemic has negatively affected global economic activities, eliminating global oil demand growth potential and leading to a y-o-y decline of 6.4 mb/d in 1Q20 and by 17.3 mb/d y-o-y in 2Q20.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.2 million barrels from the previous week. At 539.3 million barrels, U.S. crude oil inventories are about 15% above the five year average for this time of year.

Nord Stream 2 has asked -- as a precautionary measure -- for an amendment to its Danish pipelaying permit to allow the potential use of pipelay ships that use anchors for positioning.

Saudi Arabia exported nearly 11 million barrels of oil per day, a record, and the US about 8.6 million barrels.

Oil demand in 2020 is expected to fall by 8.1 mb/d, the largest in history, before recovering by 5.7 mb/d in 2021.