China Jan-June crude oil imports up 9.9%

Brent fell 44 cents to $42.28, WTI fell 44 cents to $42.28

The $20bn Akkuyu nuclear plant will comprise four 1200MWe VVER-1200 reactors

Frederico Justus, President, International Operations, Weatherford, noted, “This joint operation with IDC is an honor for Weatherford. Together, IDC and Weatherford will work as one team, providing project management solutions that deliver efficient and effective execution of the contract.”

In 2021, oil demand is forecast to partially recover from the current year to show historic high growth of 7.0 mb/d.

In April and May, Russian companies sold abroad 65.4 tons of gold for $3.55 billion while energy corporation Gazprom, holding a monopoly for delivery of natural gas to foreign countries, earned $2.4 billion over the same period.

Since the Arctic oil exports began, Gazprom Neft has delivered over 40 million tons of ARCO (Prirazlomnoye field) and Novy Port (Novoportovskoye field) to European countries.

Gazprom's expectations for its realized European gas price for the year were also unchanged.

OPEC+ sources have said no recommendations have been made to prolong record cuts into August

Spot gold was little changed at $1,808.85 per ounce by 0658 GMT. U.S. gold futures eased 0.2% to $1,808.40.

Brent up 35 cents, or 0.8%, at $43.25 a barrel, WTI rose 38 cents, or 0.1%, to $40.67 a barrel.

40 U.S. oil producers collectively wrote down $48 billion worth of assets in the first quarter of 2020.

China's GDP will return to pre-coronavirus levels by the end of the year, faster than any other major economy.

Woodside decided to reduce its planned expenditure in 2020 by around 50% to AUD2.4bn (US$1.5bn)

U.S. Total industrial production rose 5.4 percent in June after increasing 1.4 percent in May

The changes to the CAATSA guidance is the latest move by the US to put pressure on companies involved in building both Nord Stream 2 and the TurkStream extension in Bulgaria and Serbia into Hungary.

China's previous record high was 13.84 million b/d in December 2019.

U.S. commercial crude oildecreased by 7.5 million barrels from the previous week to 531.7 million barrels

The euro was last trading 0.1% down at $1.1401

Brent fell 29 cents, or 0.66%, to $43.50 a barrel, WTI was down 43 cents, or 1%, to $40.77 per barrel.