To change the current paradigm, the industry will need to dig deep and tap its proud history of bold structural moves, innovation, and safe and profitable operations in the toughest conditions. The winners will be those that use this crisis to boldly reposition their portfolios and transform their operating models. Companies that don’t will restructure or inevitably atrophy.

Crude oil production from the major US onshore regions is forecast to decrease 197,000 b/d month-over-month in May from 8,019 to 7,822 thousand barrels/day, gas production to decrease 779 million cubic feet/day from 82,249 to 81,470 million cubic feet/day .

In November 2019, the German parliament modified the Energy Industry Act to transpose the European Gas Directive that was amended in April 2019.

The $300 billion Public Investment Fund bought stakes in global corporate leaders such as Boeing, Facebook, Disney, Marriott and Starbucks. It also invested in two big US banks, Citigroup and Bank of America, and took holdings in oil giants BP, Total and Royal Dutch Shell.

"It is a fact that nuclear power plants require large upfront investments, compared to other sources of energy,"

Brent was up $1.06, or 3.3%, at $33.56 a barrel, WTI was up $1.29, or 4.4%, at $30.72 a barrel

the Shanghai Composite index was up 0.61% at 2,885.83 points

The benchmark Nikkei average rose 0.7% to 20,177.79

U.S. gold futures gained 0.8% to $1,770.50.

Japan's economy contracted 0.9% in January-March, or at an annualized pace of 3.4%,