BLOOMBERG - Natural gas will probably emerge as the main fossil fuel “winner” as it balances renewables in power generation and is used as a substitute for oil in petrochemicals. Long-term gas demand is set to increase by 15 percent, or by 750 billion cubic meters, compared to business as usual,

BLOOMBERG - The fund shocked markets around the world in November when it asked for permission to divest oil and gas companies to reduce financial risk, arguing Norway as a whole is already heavily exposed to oil as western Europe’s biggest petroleum producer. At the time of the proposal, the fund held about $40 billion of shares in oil giants such as Exxon Mobil Corp. and Royal Dutch Shell Plc.

BAKER HUGHES A GE - U.S. Rig Count is up 1 rig from last week to 1,046, with oil rigs unchanged at 844, gas rigs up 1 to 200, and miscellaneous rigs unchanged at 2. Canada Rig Count is up 4 rigs from last week to 83, with oil rigs up 6 to 38 and gas rigs down 2 to 45.

МИНЭНЕРГО РОССИИ - Стороны обсудили состояние и перспективы взаимодействия в энергетической сфере как по линии поставок энергоресурсов и реализации инфраструктурных объектов, так и сотрудничества на уровне коммерческих предприятий. «Целый ряд германских энергетических концернов активно и успешно ведет свою деятельность с российскими партнерами», - сказал Александр Новак.

МИНЭНЕРГО РОССИИ - Двусторонний диалог в таком формате возобновился спустя пять лет. При этом сотрудничество в области ТЭК играет значимую роль в торгово-экономических отношениях России и Нидерландов. Совместно реализуются значимые для обеих стран энергетические проекты - «Турецкий поток», «Сахалин – 2», «Северный поток 2», «Балтийский СПГ», «Каспийский трубопроводный консорциум», проект разработки Салымских месторождений, проект локализации производства ветроэнергетических установок в России.

EIA - Crude oil production from the major US onshore regions is forecast to increase 144,000 b/d month-over-month in June from 7,034 to 7,178 thousand barrels/day , gas production to increase 1,092 million cubic feet/day from 67,027 to 68,119 million cubic feet/day .

NPD - Preliminary production figures for April 2018 show an average daily production of 1 868 000 barrels of oil, NGL and condensate, which is a decrease of 34 000 barrels per day compared to March.

ROSNEFT - Financial results for 1Q 2018 - Revenue growth by 22% to RUB 1.72 trln in 1Q 2018 - EBITDA increase by 15.6% up to RUB 385 bln in 1Q 2018 - Net income jumps by more than by 7 times to RUB 81 bln - Considerable improvement in free cash flow to RUB 142 bln - Short-term financial liabilities cut by 49%

PLATTS - Trump's plan to leave the Iran nuclear deal and reimpose sanctions could have major impacts for global oil, natural gas, metals and petrochemical markets.

AOG - The Abu Dhabi National Oil Company (ADNOC) has unveiled plans to invest $45bn alongside partners, over the next five years, to become a leading global downstream player.

OGJ - Bahrain plans to raise $1 billion for energy investments in a fund the government calls unique among Gulf Cooperation Council countries.

PENEWS - Blackstone Group LP is planning a first close this quarter on more than half of the roughly $4.5 billion it seeks for its third energy fund, according to a person familiar with the matter. The New York firm is raising the pool three years after it sealed $4.5 billion for its previous energy fund, people said.

AOG - Shell Gas & Power Developments has signed a memorandum of understanding (MoU) with Oman’s government to cover proposed energy development projects in Oman. The agreement covers upstream gas exploration and development, gas-to-liquids (GTL), liquefied natural gas (LNG) and renewable energies.

BAKER HUGHES A GE - U.S. Rig Count is up 13 rigs from last week to 1,045, with oil rigs up 10 to 844, gas rigs up 3 to 199, and miscellaneous rigs unchanged at 2. Canada Rig Count is down 7 rigs from last week to 79, with oil rigs down 5 to 32 and gas rigs down 2 to 47.

EIA - Brent crude oil spot prices averaged $72 per barrel (b) in April, an increase of $6/b from the March level and the first time monthly Brent crude oil prices have averaged more than $70/b since November 2014. EIA forecasts Brent spot prices will average $71/b in 2018 and $66/b in 2019, which are $7/b and $3/b higher, respectively, than in the April