U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 4.6 million barrels from the previous week. At 532.2 million barrels, U.S. crude oil inventories are about 12% above the five year average for this time of year.

March coal exports were up 1.2% from 6.19 million mt in February but 25% lower than the 8.36 million mt exported in the year-ago month.

Gas power is the most economic dispatchable source of electricity in America today.

China's coal imports over the January to April period jumped 26.9% to 126.73 million tonnes,

Russia’s share of the global coal export market is projected to expand to 25 percent from the current 11 percent.

Russia has prioritised the development of LNG for export and the project may help the country reach its goal of producing 120 to 130 million tonnes of LNG a year in the next decade and raise its share in the global LNG market to up to 20% from around 6% in 2018, based on government data.

The S&P/ASX 200 index closed 0.4% lower at 5,364.20 points, after shedding 0.4% on Wednesday. The index is off 25.6% from its lifetime high on Feb. 20, 2020​.

GE (NYSE:GE) announced results for the first quarter ending March 31, 2020.

ENEL net income 1,247 million euros (1,256 million euros in the first quarter of 2019, -0.7%)

Brent was up 45 cents, or 1.5%, at $31.42 a barrel, WTI was up 45 cents, or 1.5%, at $31.42 a barrel.