The US on Tuesday imposed sanctions on Rosneft Trading SA, the Geneva-based subsidiary of the Russian state oil company, for supporting Venezuela's oil sector by continuing to trade with sanctions-hit PDVSA

The sanctions announced by the U.S. Treasury Department against Rosneft’s subsidiary RTSA and its Chairman are illegal, unjustified, and an act of legal abuse.

The $50-billion award was originally made in 2014 by The Hague Permanent Court of Arbitration after a claim was brought by three former shareholders in Yukos – Veteran Petroleum, Yukos Universal Ltd, and Hulley Enterprises Ltd.

Brent was at $57.27 a barrel, WTI rose 3 cents to $52.08 a barrel,

U.S. Rig Count is unchanged from last week at 790, Canada Rig Count is down 2 rigs from last week to 255,

Brent were up 13 cents at $56.47 a barrel, WTI were 14 cents higher at $51.56 a barrel.

Министр энергетики Российской Федерации Александр Новак встретился с Министром энергетики Республики Казахстан Нурланом Ногаевым

The coronavirus epidemic in China has had a marginal impact on energy markets and is unlikely to dramatically affect oil prices even if Chinese demand falls by 500,000 barrels per day, U.S. Energy Secretary Dan Brouillette told

TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) announced net income attributable to common shares for fourth quarter 2019 of $1.1 billion or $1.18 per share compared to net income of $1.1 billion or $1.19 per share for the same period in 2018.

Brent was up $1.12, or 2.1%, at $55.13 per barrel, WTI rose 74 cents, or 1.5%, to $50.68 a barrel.

Средняя цена на нефть марки Urals в январе 2020 года сложилась в размере $ 61,67 за баррель, в январе 2019 года - $ 59,85 за баррель.

OPEC members and allied oil producers, the so-called OPEC+, have agreed to cut their crude oil production by an additional 500,000 bbl/d until their next meeting in early March 2020.

EIA forecasts Brent prices will average $61/b in 2020; with prices averaging $58/b during the first half of the year and $64/b during the second half of the year. EIA forecasts the average Brent prices will rise to an average of $68/b in 2021.

Rosneft's hydrocarbons production in 2019 was more or less steady year on year at around 5.8 million b/d of oil equivalent

US imports of unfinished oils from Russia averaged 472,000 b/d in November, the most since May 2013, when the same amount of unfinished oils was imported from Russia.