Iran said on Sunday it will shortly boost its uranium enrichment above a cap set by a landmark 2015 nuclear deal, prompting a warning ‘to be careful’ from U.S. President Donald Trump, who has pressured Tehran to renegotiate the pact.

Brent crude futures were up 34 cents by 0908 GMT at $64.57. U.S. West Texas Intermediate (WTI) was up 18 cents at $57.69 a barrel.

“Для нас, России и Саудовской Аравии, как для двух крупнейших производителей нефти, вполне логично обсуждать ситуацию на рынке для того, чтобы прийти к общему пониманию совместных действий. Наши лидеры пришли к выводу, что наиболее логичным решением было бы предложить продление на девять месяцев. Хотел бы подчеркнуть, что это дало очень сильный сигнал для рынка, показывающий что два наиболее крупных производителя имеют общие взгляды на будущее рынка”, - отметил Александр Новак.

A total of 6.43 million mt were exported from Gladstone, up 2% year on year and 8% month on month, and the highest monthly volume since the 6.45 million mt seen in January, GPC figures showed.

Demand hit a single-day record high just below 6.4 Bcf/d on July 4 and was estimated at just under that level Monday, data compiled by S&P Global Platts Analytics shows.

Ожидаемое качество нефти в порту Усть Луга по данному показателю в период 09.07.2019 – 15.07.2019 года будет находиться в диапазоне 1,7-4,6 ppm. Минэнерго России продолжит мониторинг качества нефти в порту Усть-Луга с еженедельным информированием на официальном сайте.

Eon company, which supplies 3.3m British homes, said all of its customers would be moved to renewable electricity supplies from Tuesday

Ukraine in January-June 2019 increased transit of natural gas through its gas transportation system (GTS) by 6.1% (by 2.591 billion cubic meters) compared to the same period of 2018, to 45.079 billion cubic meters, according to recent data from JSC Ukrtransgaz.

The natural gas pipeline project TurkStream, which will carry Russian gas to Turkey and Europe, as well as Turkey's first nuclear power Akkuyu, currently under construction by the Russian firm Rosatom, are two prominent strategic projects.

Saudi Aramco has awarded 34 contracts with a total value of $18 billion for the engineering, procurement and construction of the Marjan and Berri increment programs. The company plans to boost the Marjan and Berri fields’ production capacity by 550,000 barrels per day of Arabian Crude Oil and 2.5 billion standard cubic feet a day (BSCFD) of gas.

Industry sources said Russian oil output fell to 10.79 million barrels per day (bpd) in early July, lower than the level agreed under a deal on curbing supply reached with OPEC and other producers.

Brent crude rose 15 cents to $64.26 a barrel , U.S. West Texas Intermediate crude was up 9 cents to $57.75.

The Energy Information Administration (EIA) forecasts Brent spot prices will average $67/b in the second half of 2019 and remain at that level in 2020. EIA expects West Texas Intermediate (WTI) crude oil prices will average $62/b in the second half of 2019 and $63/b in 2020.

“The clock is ticking on irreversible climate change,” Adam Matthews, co-chair of the Transition Pathway Initiative (TPI) and the director of ethics and engagement at the Church of England Pensions Board, said in a statement.

Chevron Phillips Chemical, a joint venture of Chevron and Phillips 66, will be the majority owner with a 51 percent share, with Qatar Petroleum owning 49 percent of the project. The companies expect a final investment decision no later than 2021 for the project, which has a target of starting in 2024.

WTI had climbed 93 cents, or 1.6%, to $58.76, having earlier risen to $58.84. Brent was up 70 cents, or 1.1%, at $64.86, after earlier touching $64.95.

McDermott has won two engineering, procurement, construction and installation (EPCI) contracts from Saudi Aramco worth more than $4.5bn for the Marjan Increment Programme.

ADNOC Group CEO Dr. Sultan Al Jaber met with Russian Energy Minister Alexander Novak in Moscow as ADNOC looks to expand its partnership and investment base.

As part of its larger increment programmes for Marjan and Berri, Saudi Aramco has awarded Saipem two EPCI contracts worth more than $3.5bn.

The Organisation of the Petroleum Exporting Countries on Monday said that oil and gas remained part of key solutions in combating climate change. Secretary-General of the organisation, Mr Mohammad Barkindo, stated this in Vienna while speaking against the backdrop of mass mobilisation of civil society campaigns against the oil industry.