The Executive Board of the International Monetary Fund (IMF) approved today an 18-month Stand-by Arrangement for Ukraine, with access equivalent to SDR 3.6 billion (about US$5 billion or 179 percent of quota).

In the first quarter of 2020, LUKOIL booked a loss attributable to shareholders in the amount of RUB 46.0 bln.

The UKAEA programme hopes to design and build the world’s first compact fusion reactor by 2040.

the UK Department for Business, Energy & Industrial Strategy (BEIS) needs to decide by July 1 whether the 2.4-GW Hornsea Three project and the 1.8-GW Norfolk Vanguard development can proceed.

Sterling rose 0.2% against the weaker dollar, at $1.2443. As the euro also strengthened versus the dollar, the pound was down around 0.3% versus the euro at 87.335 pence.

In 2019, profit attributable to PJSC LUKOIL shareholders amounted to RUB 640.2 bln, 3.4% higher year-on-year. The growth was constrained by higher depreciation and lower non-cash foreign exchange gain.

Canadian Nuclear Laboratories and the UK's National Nuclear Laboratory have agreed an action plan to boost collaboration in energy, medical isotopes, waste management and decommissioning, while the Canadian Nuclear Association and the UK's Nuclear Industry Association have signed a Memorandum of Understanding to collaborate in promoting nuclear technologies. Canada's 19 nuclear power reactors produce 15% of the country's electricity. The UK's 15 nuclear power reactors, operating across eight sites, account for 21% of that country's generation.

“Conoravirus ... is a short-lived factor which is affecting oil prices ... There will be an OPEC (and non-OPEC) meeting, compensatory measures will be taken which will take the excess oil off the market and the oil price will rebound,” Fedun said.

The $50-billion award was originally made in 2014 by The Hague Permanent Court of Arbitration after a claim was brought by three former shareholders in Yukos – Veteran Petroleum, Yukos Universal Ltd, and Hulley Enterprises Ltd.

The Ukrainian company's claims against the Russian state over the Crimea assets were left out of a settlement deal with Russia's Gazprom agreed at the end of December, which canceled out all existing arbitration claims by both parties as part of a new transit contract.