Baker Hughes has approved a plan that will result in restructuring, impairment, and other charges of approximately $1.8 billion

The dollar rose 0.63% against the Norwegian crown NOK=D3 to 10.23

Podcast/Audio - COVID-19 and the considerable impacts both positive and negative that it will have on the world of Energy

Against the euro EUR=EBS, the dollar last stood at $1.0941, on course for 1.3% weekly decline.

Growth in Sub-Saharan Africa has been significantly impacted by the ongoing coronavirus outbreak and is forecast to fall sharply from 2.4% in 2019 to -2.1 to -5.1% in 2020, the first recession in the region over the past 25 years,

India's coal import in March stood at 15.74 million tonnes (MT), down 27.5 per cent over last year,

"At the same time, the industry has announced and initiated a number of measures, and we can already see that this is affecting activity on the Norwegian shelf. Substantial cost cuts have been announced, reducing both exploration activity, investments and operating costs moving forward," says Director General Ingrid Sølvberg.

Brent crude oil prices averaged $32/barrel (b) in March, a decrease of $24/b from the average in February and the lowest monthly average since January 2016.

The dollar’s rise came as global stocks wavered after two days of gains as deaths from the coronavirus mounted across the globe. The rising toll soured U.S. markets late on Tuesday, with pessimism spreading to Asian indexes a day later.

The emergency declaration gives the governors of Tokyo and six other selected prefectures -- Kanagawa, Chiba, Saitama, Fukuoka, Hyogo and Osaka -- legal backing to ask the public to stay home.