In the fourth quarter of 2019 LUKOIL Group's average hydrocarbon production excluding the West Qurna-2 project was 2,388 thousand boe per day

Brent crude was at $56.44 a barrel, down 18 cents, or 0.3%, WTI crude rose 10 cents to $51.66 a barrel,

Brent were 68 cents higher at $58.97 a barrel, WTI were up by 70 cents to $52.84 a barrel

Saudi Arabia over-complied with its quota of 10.31 million b/d last year under the old agreement with the 23-member OPEC/non-OPEC coalition, collectively known as OPEC+, as the country made up for laggards Iraq and Nigeria, which flouted their quotas for most of last year.

Минэнерго России ведет планомерную работу с профильными ведомствами стран ЕАЭС по линии энергетики, добавил Александр Новак по итогам заседания.

«Мы имеем прочные экономические связи и многолетние договоренности в части поставок и транзита угля, газа, нефти и нефтепродуктов, а также передачи электроэнергии. Электроэнергетические системы наших стран работают в синхронном режиме, что существенно повышает их надежность и экономические показатели ”, - сказал глава Минэнерго России.

“Совместно с коллегами из Армении ведем работу по формированию общих рынков газа, нефти, нефтепродуктов и электроэнергии ЕАЭС. Россия осуществляет стабильные поставки в Республику ряда энергоресурсов, в том числе и газа на уровне порядка 2 млрд кубометров ежегодно”, - подчеркнул Александр Новак.

“Совместно с коллегами из Армении ведем работу по формированию общих рынков газа, нефти, нефтепродуктов и электроэнергии ЕАЭС. Россия осуществляет стабильные поставки в Республику ряда энергоресурсов, в том числе и газа на уровне порядка 2 млрд кубометров ежегодно”, - подчеркнул Александр Новак.

The preliminary level for dry natural gas production in November 2019 was 2,896 billion cubic feet (Bcf), or 96.5 Bcf/d. This level was 7.4 Bcf/d (8.3%) higher than the November 2018 level of 89.2 Bcf/d.

Iraq's federal exports averaged 3.3 million b/d, compared with 3.43 million b/d in December, the oil ministry said in a statement on Saturday. The January figure is 420,000 b/d lower than the all-time high of 3.726 million b/d reached in December 2018.

"The strength of Shell’s strategy and portfolio has enabled delivery of competitive cash flow performance in 2019 despite challenging macroeconomic conditions in refining and chemicals, as well as lower oil and gas prices. We generated $47 billion in cash flow from operating activities excluding working capital movements and distributed over $25 billion in dividends and share buybacks to our shareholders.

ExxonMobil Earns $14.3 Billion in 2019; $5.7 Billion in Fourth Quarter

Chevron Corporation (NYSE: CVX) reported a loss of $6.6 billion ($(3.51) per share - diluted) for fourth quarter 2019,

Equilon Enterprises LLC d/b/a Shell Oil Products US (Shell), a subsidiary of Royal Dutch Shell plc announced today that it has formally closed on the sale of Shell’s Martinez Refinery in California to PBF Holding Company LLC (PBF), a subsidiary of PBF Energy, Inc., in exchange for $1.2 billion which includes the refinery and inventory.

U.S. Rig Count is down 4 rigs from last week to 790, Canada Rig Count is up 3 rig from last week at 247