Iraq will continue to trim its output in October through December as per the OPEC+ agreement,

Iraq oil exports fell to 2.597 million b/d in August from 2.763 million b/d in July, the oil ministry said in a statement.

The preliminary level for U.S. dry natural gas production in June 2020 was 2,650 billion cubic feet (Bcf), or 88.3 Bcf/d.

LNG demand should see the largest seasonal ramp up ever from 27 million mt in August to 37 million mt in December.

Iraq's Ministry of Oil has announced finalised oil exports for July of 85,663,290 barrels, giving an average for the month of 2.763 million barrels per day (bpd),

U.S. commercial crude oil inventories decreased by 4.7 million barrels to 507.8 million barrels,

India spent 1.58 trillion rupees ($21.28 billion) on importing 247 million tonnes of coal,

China's importers likely reduced imports of lower-priced spot LNG cargoes in July, and made room for receiving the higher-priced contracted cargoes

Iraq is under US pressure to wean itself off Iranian electricity and gas imports,

The US' crude oil imports to China were last highest in January 2018 when inflows hit 2.01 million mt, or 474,450 b/d.

“Although the market remains uncertain, we saw encouraging signs in July with gradual rebalancing of oil supply and demand,” API Chief Economist Dean Forman said. “Increases in U.S. refinery throughput and capacity utilization in July – coupled with inventories receding from record highs – has reinforced expectations for the continued demand recovery.”

Turkey’s natural gas imports in the January-June period of this year dropped by 3.5% to 22.5 billion cubic meters (bcm). Out of this amount, Turkey imported 12.1 bcm via pipeline and 10.3 bcm as liquefied natural gas (LNG).

Peer-to-peer energy (P2P) trading is the buying and selling of energy between two or more grid-connected parties.

Saudi Arabia pumped 7.484 million b/d in June, the lowest since December 2002, and down from 8.486 million b/d in May.

U.S. commercial crude oil inventories decreased by 1.6 million barrels to 512.5 million barrels,