The Vietnam's government expects the country to face power shortages in the future

U.S. Rig Count is down 2 rigs from last week to 251, Canada Rig Count is up 10 rigs from last week to 42

U.S. Rig Count is down 5 rigs from last week to 253, Canada Rig Count is up 6 rigs from last week to 32

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

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.

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

Crude oil production from the major US onshore regions is forecast to decrease 56,000 b/d month-over-month in July from 7,546 to 7,490 thousand barrels/day, gas production to decrease 712 million cubic feet/day from 80,266 to 79,554 million cubic feet/day .

The fact that we are seeing 20% to 30% capital cost cuts this year quite radically means that we will face huge volatility in the future, because these are supplies that will not be coming on time when demand will recover.

Gas consumption in Q1 fell by more than 20% year on year in a number of EU countries, including Romania, Latvia, Finland and Slovakia.

Ukraine's total gas import capacity has expanded to 170 million cu m/d in 2020, up from the maximum capacity of 66 million cu m/d in 2019,