NuScale Power and Enfission, LLC are to work together to explore the use of Enfission's next-generation nuclear fuel technology in NuScale's small modular reactors (SMRs) under a newly announced memorandum of understanding (MoU).

The region needs more peace and stability to ensure the flow of oil supplies, Mohammad Sanusi Barkindo, Secretary-General of the Organisation of the Petroleum Exporting Countries, OPEC, has said, noting that, "Any tension that occurs in the region affects the whole world."

Eni and Sonatrach have signed agreements to renew the gas supply contract to import Algerian gas into Italy until 2027 (plus two further optional years) also defining the transportation arrangements through the pipeline crossing the Mediterranean Sea.

Russia’s Deputy Prime Minister Dmitry Kozak said on Thursday Russian oil pipeline monopoly Transneft would provide compensation to all parties that could prove real damages from contaminated oil.

July ICE Brent crude futures were up 35 cents/b (0.48%) from Thursday's settle to $72.97/b, while the NYMEX June light sweet crude contract gained 41 cents/b (0.65%) at $63.28/b.

BHGE - U.S. Rig Count is down 1 rig from last week to 987, with oil rigs down 3 to 802, gas rigs up 2 to 185, and miscellaneous rigs unchanged at 0. Canada Rig Count is unchanged from last week at 63, with oil rigs unchanged at 22 and gas rigs unchanged at 41.

OPEC+ would take action to offset losses of Iranian supply if market fundamentals justified it. However, no policy changes will be made until the next full OPEC+ meeting in Vienna, in June.

«Нашей задачей было промониторить ситуацию и сделать оценки на второе полугодие. Мы проанализировали исполнение Соглашения за четыре месяца, и анализ показывает, что оно исполняется на очень высоком уровне - в среднем с начала года на 120%. Россия выполняет свои обязательства в полном объеме, в мае мы несколько перевыполняем обязательства», - отметил Министр.

ОПЕК+ - Участники заседания подтвердили свою готовность обеспечить устойчивое равновесие и стабильность на нефтяном рынке за счет поддержания основных показателей на необходимом уровне.

«Сотрудничество с Алжиром в сфере энергетики в целом поступательно развивается. Алжир является одним из наших важнейших партнеров России в регионе Северной Африки", - отметил Александр Новак.

«За последние два года нам удалось создать прочную основу для взаимодействия стран ОПЕК и не-ОПЕК. Сейчас нами активно прорабатывается подписание Хартии сотрудничества ведущих стран-производителей нефти, которая может стать фундаментом для последующих этапов нашей кооперации. Россия заинтересована в том, чтобы разрабатываемый в настоящее время проект этого документа был воплощен в жизнь», - подчеркнул Александр Новак.

U.S. crude oil production sustained a record-tying 12.1 million barrels per day (mb/d) in April while total petroleum demand was the highest for the month since 2007 at 20.2 million barrels per day.

Libya is currently pumping almost 1.3 million b/d, National Oil Corporation Chairman Mustafa Sanalla told reporters. While production and exports have so far been unaffected by the recent escalation in fighting between the self-styled Libyan National Army, forces loyal to the UN-backed government and other militia groups, the violence threatens to destroy oil fields and export infrastructure, he said.

Crudes are being priced at Dated Brent discounts between $15/b and $17/b, FOB, according to a PDVSA report.

Brent crude was up by 90 cents, or 1.3%, at $73.11 a barrel, U.S. West Texas Intermediate crude was up 71 cents, or 1.1% higher, at $63.47 a barrel.

Iran has sent abroad between 250,000 bpd and 500,000 bpd of oil so far in May, according to two industry sources who track the flows. Data from Refinitiv Eikon put crude shipments at about 250,000 bpd and exports of crude and condensate, a light oil, at about 400,000 bpd.

По предварительной оценке Росстата, индекс физического объема ВВП в 1 квартале 2019 года составил 0,5 % г/г, что несколько ниже оценки Минэкономразвития РФ (0,8 % г/г).

We will not talk about hydrocarbon energy - it is expensive, uses limited fuel supplies (oil, gas, coal) and pollutes the environment very much. We consider only three types of electricity generation - nuclear, solar and oxygen.

Today the world production of heat, mechanical and electrical energy exceeds 50 trillion. kW / h per year or 5.7 billion kWh per hour. At the same time, more than 80% of the production of all types of energy comes from the burning of fossil fuels - hydrocarbon energy.

The technology of obtaining energy using biogas is simple and cheap. Of course, it also pollutes the environment, but its main problem is the impossibility of generating energy on an industrial scale. This technology is applicable in agriculture on farms, but it is not possible to power a factory, a city or a village from it.