Crude oil production from the major US onshore regions is forecast to increase 18,000 b/d month-over-month in March from 9,057 to 9,075 thousand barrels/day, gas production to decrease 188 million cubic feet/day from 85,167 to 84,979 million cubic feet/day .

Replenishing the Strategic Petroleum Reserve would enable the government to take as much as 77 million barrels off the world market.

the Committee decided to lower the target range for the federal funds rate to 0 to 1/4 percent.

U.S. Rig Count is down 1 rig from last week to 792, Canada Rig Count is down 28 rigs from last week to 175

The benchmark S&P 500 and the Nasdaq have lost over a quarter of their value since reaching record closing highs just 16 sessions ago, as nations around the world grapple with how to contain the fast-moving coronavirus and its economic effects.

The falls in the bonds come in the wake of the failure of Opec and Russia late last week to agree a deal on cutting production,

Moscow’s decision to withdraw last week from a pact with Saudi Arabia to limit crude production, sparking an oil war that sent prices crashing 30 per cent on Monday, upending global markets.

Rosneft Trading and TNK Trading handled a "large percentage" of Venezuela's oil exports in 2019

The US was the second biggest LPG supplier to China in 2017 at 3.54 million mt, comprising 3.37 million mt of propane and 162,668 mt of butane. The volume dropped 54% a year later in 2018 to 1.62 million mt as a result of trade tensions between the two economies, and in 2019 only 2,443 mt of US propane was imported into China, customs data showed.

U.S. shale companies need prices at least in the low $40s to cover costs,