The introduction of oxygen energy technologies will allow 3-5 times reduce the price of heat and electricity, which will expand the use of the benefits of electricity to virtually all people on Earth, regardless of their economic condition and their removal from the traditional onnyh energy sources.

"We want to bring inventories down to a more normal levels," Falih said. "We need to stay the course and do that in the weeks and months to come."

"Work to increase production to full capacity will continue, and in early June Kashagan should reach production levels of 370,000-400,000 b/d due to the work carried out during the maintenance," it said.

Following its 14th Meeting, which took place on 19 May 2019, in Jeddah, the Kingdom of Saudi Arabia, the Joint Ministerial Monitoring Committee (JMMC) has reaffirmed its commitment to achieving a balanced market and working towards oil market stability on a sustainable basis with solid fundamentals.

Russia sees a range of options that would allow OPEC+ to continue output cooperation until year-end, from easing the limits to ending the extreme throttling-back that has seen some countries exceed original cutback targets.

In line with plans to localise the production of renewable energy in Saudi Arabia as part of its Vision 2030 economic diversification push, seven photovoltaic solar power projects with a capacity of 1.52 GW and worth $1.51bn (SAR5.6bn) were launched on the side-lines of the recently concluded Saudi Elenex exhibition.

“Мы отметили, что странам Соглашения необходимо вернуться к полному исполнению сделки для гарантии того, что стабильность рынка сохранится. Конкретные параметры, в которых мы будем действовать во второй половине 2019 года, будут определены в Вене в течение месяца. Мы рассматриваем разные опции, в том числе послабление квот по сокращению добычи. Естественно, при соответствующих сигналах от рынка”,

Заместитель Министра энергетики Российской Федерации Павел Сорокин провел переговоры с Генеральным секретарем Министерства иностранных дел Республики Конго Сиприаном Сильвестром Маминой, а также с генеральным директором Конголезской национальной нефтяной компании (SNPC) Мэксаном Раулем Омингой.

“По итогам 2018 года доля российского газа в потреблении газа Европой достигла более, чем 35%, а в импорте - 46%, то есть это почти половина. При этом Евросоюз остается основным потребителем газа из России - доля стран Евросоюза в поставках "Газпромом" в прошлом году достигла уже более 86%, что говорит о нашей существенной взаимозависимости, и о том, что мы должны действовать достаточно скоординировано", - заметил замглавы Минэнерго России.

Brent crude futures, the international benchmark for oil prices, were at $72.31 per barrel at 1030 GMT, up 34 cents, or 0.5 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were up 42 cents, or 0.7 percent, at $63.52 per barrel.

NOVATEK announced that its joint venture Arctic LNG 2 and TechnipFMC signed a contract on engineering, procurement, supply, construction and commissioning of an integrated liquefied natural gas facility with annual liquefaction capacity of 19.8 million tons under the Arctic LNG 2 project. The contract terms provide for the launch of the first train of the project in 2023.

Real GDP growth is projected to decline to 1.5 percent in 2019, partly reflecting a disappointing first quarter and more subdued global growth.

Real GDP growth reached 5.2 percent in 2018, and is expected to remain at 5.2 percent in 2019, driven by robust domestic demand growth and supported by recovering bank credit.

Despite significant progress in recent years, the world is falling short of meeting the global energy targets set in the United Nations Sustainable Development Goals (SDG) for 2030.

On the May 16, 2019, in Moscow, the roadmap for establishing Russian-Rwanda cooperation in the peaceful uses of atomic energy was signed.

Sempra Energy (NYSE:SRE) and Saudi Aramco announced their respective subsidiaries, Sempra LNG and Aramco Services Company, have signed a heads of agreement (HOA). The HOA anticipates the negotiation and finalization of a definitive 20-year liquefied natural gas (LNG) sale-and-purchase agreement (SPA) for 5 million tonnes per annum (Mtpa) of LNG offtake from Phase 1 of the Port Arthur LNG export project under development.

Brent crude futures were down 39 cents, or 0.5 percent, at $71.79 at barrel. WTI crude futures for July delivery were down 59 cents, or 0.9 percent, at $62.54.

the meeting participants discussed the ongoing exports of Russian gas to Austria, noting that gas exports to the country continue to grow in 2019 and the pace is accelerating. According to preliminary data, gas supplies went up by 20.5 per cent in January-April 2019 compared to the same period of 2018, while the May 1–20 period of this year showed a 44 per cent increase.

NPD - Preliminary production figures for April 2019 show an average daily production of 1 729 000 barrels of oil, NGL and condensate, which is a decrease of 24 000 barrels per day compared to March.

NOVATEK announced that its joint venture Arctic LNG 2 and TechnipFMC signed a contract on engineering, procurement, supply, construction and commissioning of an integrated liquefied natural gas facility with annual liquefaction capacity of 19.8 million tons under the Arctic LNG 2 project. The contract terms provide for the launch of the first train of the project in 2023.