Crude oil production from the major US onshore regions is forecast to decrease 56,000 b/d month-over-month in July from 7,546 to 7,490 thousand barrels/day, gas production to decrease 712 million cubic feet/day from 80,266 to 79,554 million cubic feet/day .

The fact that we are seeing 20% to 30% capital cost cuts this year quite radically means that we will face huge volatility in the future, because these are supplies that will not be coming on time when demand will recover.

PAO NOVATEK (“NOVATEK” and/or the “Company”) reported today preliminary operating data for the second quarter and first half 2020.

U.S. Rig Count is down 5 rigs from last week to 258, Canada Rig Count is up 8 rigs from last week to 26

U.S. oil and gas extraction businesses shed 1,200 jobs last month.

The worldwide rig count for June 2020 was 1,073, down 103 from the 1,176 counted in May 2020, and down 1,148 from the 2,221 counted in June 2019.

U.S. Rig Count is down 2 rigs from last week to 263, Canada Rig Count is up 5 rigs from last week to 18

About 20% of U.S. energy consumption in 2019 came from sources other than fossil fuels

The potential is very high. China's demand for gas will grow at a very high pace. Last year, gas consumption in China grew by almost 10 per cent, thus exceeding 300 billion cubic meters. In 15 years, the demand for gas in the country may double.

Shell, the world’s largest fuel retailer, said it expected a 40% drop in sales in the second quarter from a year earlier to about 4 million barrels per day (bpd), although that is more than its earlier prediction of a drop to 3.5 million bpd.

This shows that the agencies consider Gazprom's creditworthiness to be excellent even amid the instability at energy markets.

U.S. Rig Count is down 1 rigs from last week to 265, Canada Rig Count is down 4 rigs from last week to 13

China plans to increase the share of renewables (including hydro) in the power mix to 28.2% in 2020.

Sentyurin met with his OPEC counterpart Mohammed Barkindo by teleconference June 22 for the inaugural technical meeting of the OPEC-GECF Energy Dialogue.

U.S. Rig Count is down 13 rigs from last week to 266, Canada Rig Count is down 4 rigs from last week to 17