The potential that the waivers would lapse has raised concerns since 2019 that state-owned Russian nuclear company Rosatom, which does work for Iran's civilian nuclear program but also supplies a fifth of US enriched uranium, could be sanctioned, disrupting the supply of nuclear fuel to US utilities.

Following the Jan. 28, 2019 ban on U.S. firms importing Venezuelan crude, the United States has not followed through on threats to extend the sanctions to any foreign company doing business with PDVSA, as it seeks to oust socialist Maduro.

The big annual boost in Saudi shipments followed a new marketing strategy by state-run Aramco, which signed at least two new supply pacts with private refiners in China that came into the market from late 2018. Previously, Saudi Aramco had only dealt with China’s state refiners in long-term contracts.

CAPP forecasts overall spending for 2020 to rise to C$37 billion from C$35.1 billion. Conventional oil and gas spending is expected to reach C$25.4 billion, up C$1 billion, while spending in the oil sands may climb to C$11.6 billion from C$10.7 billion, CAPP said.

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

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

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.

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.

"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.

«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.

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

“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.

“Энергетика является ключевым направлением российско-молдавского экономического сотрудничества. На сегодня российский газ в полной мере обеспечивает потребности страны в “голубом топливе”, а российские нефтепродукты занимают значительное место на местном рынке. Мы, безусловно, видим перспективы развития нашего сотрудничества”, - отметил глава Минэнерго России.

Petronet will invest the money over a five-year period in Tellurian’s proposed $27.5 billion Driftwood LNG export project in Louisiana and the deal will give Petronet an equity stake in the project and rights for up to 5 million tonnes a year of LNG,

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.

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.

"ADNOC will deploy capital, technology, and expertise to develop and produce shallow gas resources and conduct further exploration to assess further volumes and firm up development costs," it said Monday in a statement.