Conformity with the voluntary production adjustments remains high, 136% in the month of August. However, the JMMC reemphasized the core principles underpinning the DoC, namely, equity, fairness and transparency, and urged all participating countries to intensify their efforts in pursuit of full and timely conformity with their voluntary production adjustments.

World oil demand in 2019 is expected to grow by 1.02 mb/d, which is 0.08 mb/d lower than last month’s projection. The drop can be attributed to weaker-than-expected data in 1H19 from various global demand centres and slower economic growth projections for the remainder of the year. Both OECD and non-OECD demand growth forecasts were revised lower, by 0.03 mb/d and 0.05 mb/d, respectively. In 2020, world oil demand is projected to increase by 1.08 mb/d.

U.S. EIA - Crude oil production from the major US onshore regions is forecast to increase 74,000 b/d month-over-month in September from 8,769 to 8,843 thousand barrels/day, gas production to increase 469 million cubic feet/day from 81,893 to 82,362 million cubic feet/day .

Brent crude futures, the international benchmark, rose as much as 19.5% to $71.95 per barrel, WTI futures climbed as much as 15.5% to $63.34

Для исполнения подобных планов потребуются немалые инвестиции в выработку электроэнергии, которые, как отметил Александр Новак, уже на сегодня фактически превысили суммарные инвестиции в добычу углеводородов.

Министерский комитет отметил, что уровень соблюдения участниками добровольных обязательств по корректировке объемов добычи остается на высоком уровне и составил в августе 136%.

“Развитие сотрудничества России и ОАЭ по линии энергетики обладает колоссальным потенциалом. В числе перспективных направлений взаимодействия между компаниями из России и ОАЭ мы видим организацию торговых операций по сжиженному природному газу, а также совместные проекты в области добычи и трейдинга”, - сказал Александр Новак.

Dollar-denominated bonds issued by Saudi Arabia’s government and state oil company Saudi Aramco tumbled to multi-week lows on Monday after a weekend attack on Saudi Arabia’s oil facilities shut about 5% of global output.

Средняя цена на нефть Urals за период мониторинга с 15 августа по 14 сентября 2019 года составила $59,51548 за баррель

Over the first eight months of 2019, total crude throughput at refineries across China was 5.9% higher year on year at 424.16 million mt, or 12.79 million b/d,

Saudi Aramco will see its production halved, with a 5.7mn barrel per day drop in output due to the attack.

Let’s see which companies are still undervalued and which ones are out of my radar. Some of them reached their fair value and some other stopped to satisfy my parameters.

U.S. Rig Count is down 12 rigs from last week to 886, with oil rigs down 5 to 733, gas rigs down 7 to 153, and miscellaneous rigs unchanged at 0. Canada Rig Count is down 13 rigs from last week to 134, with oil rigs down 9 to 93 and gas rigs down 4 to 41.

Yemen’s Iran-aligned Houthi group said it attacked two plants at the heart of Saudi Arabia’s oil industry on Saturday, knocking out more than half the Kingdom’s output, in a move expected to send oil prices soaring and increase tensions in the Middle East.

Brent rose 40 cents, or 0.6%, to $62.78 a barrel , WTI were up 37 cents, or 0.6%, to $57.77 a barrel.