For 2019, world oil demand growth is kept broadly unchanged compared to last month’s assessment, estimated to have grown by 0.83 mb/d, y-o-y, to average 98.72 mb/d. In 2020, world oil demand growth is adjusted lower by 2.23 mb/d and is now forecast to drop by 9.07 mb/d.

Under the baseline scenario, GDP growth in developed countries will plunge to –5.0 per cent in 2020, while output of developing countries will shrink by 0.7 per cent.

EIA expects U.S. total liquid fuels consumption will rise from an average of 15.9 million b/d in the second quarter of 2020 to 18.7 million b/d in the third quarter of 2020 and then to average 19.8 million b/d in 2021, up 8% from 2020, but lower than 2019 levels.

The Shanghai Composite index ended 0.96% lower at 2,870.34.

India's coal production would rise to 700 Mt in the current fiscal year (April 2020-March 2021)

"С учетом драматического состояния в целом глобального нефтяного рынка и в связи с принятыми решениями о сокращении добычи нам придется, конечно, часть капитальных затрат оптимизировать. Мы постараемся сохранить нашу инвестпрограмму на уровне 750 миллиардов примерно",- отметил Сечин. Оптимизация необходима для того, чтобы сохранить финансово-экономическую стабильность для компании, сказал он.

As the world’s fourth-largest onshore wind market by installations, India has 37.5 GW of wind capacity as of 2019.

Shell announced that all conditions for its Final Investment Decision (FID) on a new LNG processing unit at Nigeria LNG (NLNG) have now been met.

Brent dropped 56 cents, or 1.9%, to $29.42 a barrel, WTI fell 23 cents, or 0.9%, to $25.55

China generates more electricity than Europe and the USA combined and China will double again in twenty years.