“Iran is the biggest guarantor of energy stability and security in the region while the US is the biggest de-stabilizing force in the world’s energy sector.”

Iran said on Sunday it will shortly boost its uranium enrichment above a cap set by a landmark 2015 nuclear deal, prompting a warning ‘to be careful’ from U.S. President Donald Trump, who has pressured Tehran to renegotiate the pact.

Equinor ASA (OSE: EQNR, NYSE EQNR) has agreed with Lundin Petroleum AB to divest a 16 percent shareholding in Lundin Petroleum for a direct interest of 2.6 percent in the Johan Sverdrup field and a cash consideration of around USD 650 million.

China has lifted restrictions on foreign investment in its conventional oil and gas upstream and city gas distribution sectors, in an attempt to boost resource development, and setting the stage to break the monopoly of national oil companies.

“Что особо важно: мы договорились постоянно мониторить ситуацию. Если появятся какие-либо угрозы для рынка, мы в любой момент можем собраться и решить, что необходимо делать. При угрозе дефицита, к примеру, мы можем вынести решение об увеличении производства”, - подчеркнул Александр Новак.

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.

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.

In view of the current fundamentals and the consensus view on the outlook for the remainder of 2019, the Conference decided to extend the voluntary production adjustments agreed at the 175th Meeting of the OPEC Conference for an additional period of nine months from 01 July 2019 to 31 March 2020.

Once again, Iran has been exempted from the OPEC output cut deal, Zangeneh told the reporters.

OPEC and its allies led by Russia have been reducing oil output since 2017 to prevent prices from sliding amid soaring production from the United States, which has become the world’s top producer this year ahead of Russia and Saudi Arabia.

Russian President Vladimir Putin struck a deal with Saudi Crown Prince Mohammed Bin Salman to extend the OPEC+ agreement at current production levels for the rest of this year and potentially into early 2020.

In April 2019, for the 24th consecutive month, dry natural gas production increased year to year for the month. The preliminary level for dry natural gas production in April 2019 was 2,708 billion cubic feet (Bcf), or 90.3 Bcf/d. This level was 9.8 Bcf/d (12.2%) higher than the April 2018 level of 80.4 Bcf/d.

Based on a study of 40 US shale oil companies, looking at cash flow from operating activities, only four companies reported a positive cash flow balance in the first quarter of 2019.

U.S. Rig Count is unchanged from from last week at 967, with oil rigs up 4 to 793, gas rigs down 4 to 173, and miscellaneous rigs unchanged at 1. Canada Rig Count is up 5 rigs from last week to 124, with oil rigs up 4 to 84 and gas rigs up 1 to 40.