“I should like to invite all the countries directly affected by the developments in the Persian Gulf and the Strait of Hormuz to the Coalition for Hope meaning Hormuz Peace Endeavor,” stated President Rouhani.

«Мы активно взаимодействуем в многостороннем формате, в том числе в рамках усилий по стабилизации рынка нефти, а также по линии Форума стран-экспортеров газа. Российские компании ТЭК имеют многолетнюю историю успешного взаимодействия с венесуэльскими партнерами» - добавил Министр.

At 419.5 million barrels, U.S. crude oil inventories are at the five year average for this time of year

Analysts have said the Trump administration remains unlikely to sanction a major Chinese entity, even as imports of Iranian crude continue, due to the impact on the global economy if the trade dispute between the two nations drags on.

Brent were down $1.05 cents at $62.05 a barrel, WTI dropped to $56.47 a barrel, down 82 cents.

the U.S. Energy Information Administration (EIA) projects that world energy consumption will grow by nearly 50% between 2018 and 2050. Most of this growth comes from countries that are not in the Organization for Economic Cooperation and Development (OECD), and this growth is focused in regions where strong economic growth is driving demand, particularly in Asia.

To circumvent U.S. banking and financial sanctions, Iran’s rulers have built up a network of traders, companies, exchange offices, and money collectors in different countries,

Though trade between Venezuela and Cuba has not ceased amid sanctions, the flow of PDVSA’s oil has been insufficient to keep the Communist-ruled island well-supplied. Cubans have faced long lines at gas stations and for public transportation amid lack of vessels to receive imports.

Brent dropped 58 cents to $64.19 a barrel, WTI were at $58.15, down 49 cents.

Preliminary production figures for August 2019 show an average daily production of 1 647 000 barrels of oil, NGL and condensate, which is a decrease of 67 000 barrels per day compared to July.

Brent crude fell 30 cents to $63.98 a barrel, WTI was down 38 cents to $57.71.

Минприроды России произвело оценку запасов полезных ископаемых в натуральном и стоимостном измерениях по итогам 2018 года и их изменений относительно результатов оценки по итогам 2017 года.

Total U.S. petroleum demand of 21.5 mb/d was highest for any month since August 2005; Improved infrastructure helped increase supply and lower prices; Highest U.S. petroleum exports (8.1 mb/d) for the month of August; and Total inventories increased year-on-year for the ninth consecutive month.

Минприроды России произвело оценку запасов полезных ископаемых в натуральном и стоимостном измерениях по итогам 2018 года и их изменений относительно результатов оценки по итогам 2017 года.

U.S. Rig Count is down 18 rigs from last week to 868, with oil rigs down 14 to 719, gas rigs down 5 to 148, and miscellaneous rigs up 1 to 1. Canada Rig Count is down 15 rigs from last week to 119, with oil rigs down 11 to 82 and gas rigs down 4 to 37.