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

“Fusion energy technology holds great potential to be a safe, clean, reliable energy source, but research and development of fusion technology is often constrained by prohibitive costs,” said Under Secretary of Energy Mark W. Menezes.

U.S. Rig Count is down 62 rigs from last week to 602, Canada Rig Count is down 6 rigs from last week to 35

The United States has become the world’s largest producer but Trump’s administration has shown no appetite to mandate cuts.

Saudi Arabia and Russia, the two OPEC+ leaders, have insisted that they will only participate if the US also agrees to production cuts.

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.

OPEC has been open to counting natural production declines in its output cut agreements, but there is no indication the US would be willing to sign up to that, and some delegates say Russia might not agree such a dressed-up US cut anyway.

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.